Program

While the Obama administration last Tuesday proposed only a “modest expansion” of nation’s offshore drilling program for the next five years (see Daily GPI, Nov. 9), the United States’ neighbors — Cuba, Mexico, the Bahamas, Canada and Russia — are aggressively moving ahead on offshore development adjacent to U.S. borders, warned Sen. Lisa Murkowski Monday.

Range Resources Corp.’s natural gas net output in the third quarter reached 537.2 MMcf/d, which was 7% more than in the year-ago period, the Fort Worth, TX-based independent said Tuesday.

Chesapeake Energy Corp. has created an oilfield services unit to house its growing business and to complement its massive U.S. drilling program. A former Boots & Coots executive was named CEO.

An economic impact study released Tuesday by the Ohio Oil & Gas Energy Education Program (OOGEEP) found that more than 200,000 oil and natural gas jobs, generating $12 billion in wages and income, could be created in the Buckeye State’s portion of the Utica Shale by 2015.

Chesapeake Energy Corp. has created an oilfield services unit to house its growing business and to complement its massive U.S. drilling program. A former Boots & Coots executive was named CEO.

Pennsylvania Gov. Tom Corbett plans to introduce an impact fee for Marcellus Shale producers this month.

Pennsylvania Gov. Tom Corbett said he would introduce an impact fee for Marcellus Shale producers this month.

Operators drilled more than 1,000 wells into the Pennsylvania Marcellus Shale through the end of July, a milestone not reached until mid-September in 2010 and not at all in 2009.

Quicksilver Resources Inc. set another production record in the second quarter and rebounded from a 1Q2011 net loss with net income of $109 million (61 cents/share) in 2Q2011. Production in the Barnett Shale, which has been a primary driver of the company’s recent growth, is expected to ramp up through at least the end of the year.