Ed Duncan is returning to Alaska’s North Slope where his career began about 30 years ago. This time around he has today’s unconventional drilling technologies to unlock what he expects will be a new beginning for himself and for the state.
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April Rises in Light Trading; Analyst Sees Weak Monday
April futures were confined to a narrow range Friday but managed to eke out a modest gain. The massive earthquake in Japan found its way into crude oil and natural gas trading, and the unwinding of long crude oil and short natural gas positions prompted a firm tone to the market.
Petrohawk Forges Ahead in the Eagle Ford
Petrohawk Energy Corp. announced Tuesday that test wells using a new flow-channel fracturing technique called HiWAY — created by Houston-based Schlumberger Ltd. — yielded increased production and it plans to expand use of the technology.
Next-Day ERCOT Power Hits Triple Digits on Cold, Outages
Next-day Electric Reliability Council of Texas (ERCOT) power prices dug deep into triple digits Wednesday in the wake of a massive winter storm.
Interior Considering Disclosure of Fracking Fluids on Public Lands
Interior Secretary Ken Salazar Tuesday said the department is weighing how it will move forward with a policy requiring producers to disclose the fluids associated with hydraulic fracturing (fracking) on public lands. Interior’s Bureau of Land Management (BLM) oversees 250 million acres, which contains 11% of the nation’s natural gas supply.
Horn River A Priority, Says Nexen CEO
Developing Nexen Inc.’s massive shale gas position in northeastern British Columbia (BC) is on the to-do list for 2011, CEO Marvin Romanow said last week.
Horn River Shale a Priority, Says Nexen CEO
Developing Nexen Inc.’s massive shale gas position in northeastern British Columbia (BC) is on the to-do list for 2011, CEO Marvin Romanow said this week.
U.S. Producers Taking Shale Know-How on the Road
Untapped unconventional gas plays still exist in pockets across North America, but domestic producers are branching out to test prospects in Europe, the Asian Pacific area, Africa and elsewhere to stake their claims in the next big shale plays.
Gas Rig Productivity Replacing Rig Count
Natural gas production and rig counts have “diverged materially since 2008,” suggesting that “rig productivity” is the force behind massive supply growth, Barclays Capital energy analysts said last week.
DOJ Asks Court for Special Track in BP Lawsuit
The Department of Justice (DOJ) last Monday signaled that it may file a lawsuit against BP plc and other companies for civil violations involving the massive oil spill in the Gulf of Mexico.