Shares of Newfield Exploration Co. (NFX) have taken a beating since the company last week provided its outlook for liquids production growth and announced plans to jettison international assets in favor of U.S. plays. It’s a sign that investors have heard enough talk and are ready to see action.
Outside
Articles from Outside
West Virginia City Enacts 6% Tax on Natural Gas Drillers
A West Virginia city in the Marcellus Shale has enacted a 6% business and occupation (B&O) tax on natural gas companies operating within the city limits, reportedly to raise revenue to fix roads and bridges that could be damaged by drilling there.
New York DEC Chief: Frack Study Health Experts Not Contracted
A panel of outside experts that will help conduct a health impact analysis of high-volume hydraulic fracturing (HVHF) in New York are not yet under contract, Department of Environmental Conservation (DEC) Commissioner Joseph Martens said Friday.
Baker Hughes Hit by Slumping Natural Gas Market
The No. 1 oilfield services provider in the world, Schlumberger Ltd., on Friday said growth in the deepwater, as well as activity outside of North America, provided a big lift in 3Q2012. However, competitor Baker Hughes Inc., the industry’s third-largest provider, said the slump in U.S. natural gas activity weighed heavily on its quarterly profits.
Baker Hughes Hit by Slumping Natural Gas Market
The No. 1 oilfield services provider in the world, Schlumberger Ltd., on Friday said growth in the deepwater, as well as activity outside of North America, provided a big lift in 3Q2012. However, competitor Baker Hughes Inc., the industry’s third-largest provider, said the slump in U.S. natural gas activity weighed heavily on its quarterly profits.
Wyoming Well Testing Still Problematic, Governor Says
Even with more cooperation between state and federal officials in the testing of ground water in Pavillion, Wyoming Gov. Matt Mead said Tuesday that unilateral actions by the U.S. Environmental Protection Agency (EPA) are raising concerns.
New York’s Bloomberg, George Mitchell: ‘We Can Frack Safely’
New York City Mayor Michael Bloomberg and unconventional drilling pioneer George Mitchell last week offered their unqualified support and a big financial boost for “common sense” hydraulic fracturing (fracking) regulations, just days ahead of expected new guidelines for New York state drillers.
ExxonMobil Ends Shale Exploration in Poland
ExxonMobil Corp. has ended its shale natural gas exploration efforts in Poland after two test wells failed to produce “sustained commercial hydrocarbon flow rates,” a spokesman said Monday.
U.S. Government Should Foster Canadian Oilsands Development, Study Says
To successfully reduce the United States’ dependence on fuels from outside North America the country “must encourage development” of Canadian oilsands and mitigate the additional carbon dioxide emitted during the sands’ extraction and refinement by “promoting the replacement of coal with gas in electricity generation,” according to a new study by Rice University’s Baker Institute for Public Policy.
Industry Accuses Obama EPA of Bias Against Oil, Gas
Citing the the recent disclosure of a “crucify them” enforcement mentality of a former Environmental Protection Agency (EPA) official and several agency missteps involving the use of hydraulic fracturing to develop unconventional gas, Congress Wednesday was called upon to exercise greater oversight over EPA’s regional officials and their activities.