Pressure pumping services in North American unconventional basins appear to be on the cusp of oversupply, Schlumberger Ltd. executives said Friday.
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FERC OKs Projects to Deliver Marcellus Gas to Canada
The Federal Energy Regulatory Commission Thursday issued certificates for National Fuel Gas Supply Corp.’s Northern Access Project and Tennessee Gas Pipeline’s 230C Project, both of which would clear the path for the delivery of more Marcellus shale gas north into Canada.
Fort Worth Debates Tougher Drilling Regs
Fort Worth City Council members got an earful last Tuesday night from a standing-room-only audience about a proposal to tighten drilling restrictions in the Barnett Shale town. Protected use areas, multiple well pad site permitting and saltwater disposal are among the items being weighed.
FERC: Shale Production Keeping Gas Prices Low
Natural gas production from the nation’s shale plays now accounts for more than one-quarter of U.S. production, compared with 5% in 2007, and is helping to keep gas prices among the lowest in a decade, according to FERC’s Office of Enforcement (OE).
Hearing on Fort Worth Drilling Proposal Draws Crowd
Fort Worth City Council members got an earful Tuesday night from a standing-room-only audience about a proposal to tighten drilling restrictions in the Barnett Shale town. Protected use areas, multiple well pad site permitting and saltwater disposal are among the items being weighed.
Hefty EIA Storage Builds Expected; November Drops
November futures plunged Wednesday as traders anticipate an inventory report to not only show additions to storage well above historical averages, but also surpass the record for October. At the close November had dropped 12.7 cents to $3.489 and December had shed 6.8 cents to $3.791. November crude oil fell 24 cents to $85.57/bbl.
Bentek: NGL Investment Cycle Today, Crude Oil Tomorrow
Anyone nostalgic for the natural gas infrastructure boom of the latter half of the last decade need only wake up to the natural gas liquids (NGL) infrastructure boom of today — and look forward to what’s to come in response to growing crude oil production — according to an analysis due to be finished in about three weeks.
NGL Investment Cycle Today, Crude Oil Tomorrow, Says Bentek
Anyone nostalgic for the natural gas infrastructure boom of the latter half of the last decade need only wake up to the natural gas liquids (NGL) infrastructure boom of today — and look forward to what’s to come in response to growing crude oil production — according to an analysis to be finished in about three weeks.
Large-Scale Gas Processing Project Proposed for Marcellus
After hinting for months that going big was the only way to accommodate excess ethane supplies in the Marcellus Shale, Williams on Tuesday proposed to build a large-scale natural gas processing and ethane project that would traverse the rich gas/dry gas divide in Pennsylvania.
Marcellus Gas Said More Economic Than Some Oil
The Marcellus Shale is not only the most economic natural gas basin in the country, it is producing better returns than many oil plays, an energy industry analyst told an audience in Philadelphia recently.