Riding high on record profits and continuing efficiencies, the contract drilling sector nevertheless faces uncertainties during the first half of next year that require patience and flexibility, said the CEO of Tulsa-based Helmerich & Payne Inc. (HP).
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Articles from Push
EIA: August Shale Production Not Enough to Counter Overall Decline
New wells in the nation’s shale plays helped push natural gas production higher in Texas and some other states in August, but it wasn’t enough to keep the U.S. total from sliding to 76.60 Bcf/d, a 3.4% decline compared with 79.33 Bcf/d in July, according to the Energy Information Administration’s (EIA) latest Monthly Natural Gas Gross Production report.
Correction
In the article “XTO, MarkWest Execs Tout Shale Success, Push Public Interaction, LNG Exports” (see Shale Daily, Sept. 21), NGI’s Shale Daily incorrectly stated that the Golden Pass liquefied natural gas terminal project is being developed by Cheniere Energy Inc. The Golden Pass Products liquefaction expansion project is a partnership of affiliates of Qatar Petroleum International (70% ownership) and ExxonMobil Corp. (30%). NGI’s Shale Daily regrets the error.
Correction
In the story published Wednesday, “IHS: Technology to Push Domestic Reserves ‘Well Over’ 3,000 Tcf” (see Daily GPI, Aug. 15), IHS Inc.’s Pete Stark was misquoted. He said the United States today was “talking about launching U.S. exports,” not imports. NGI regrets the error.
Coal-to-Gas Switch to Reverse With Gas Price Rise
Seeing a rally in natural gas prices that could push them up to the $3.50 to the low $4 area in the next two to three years, Princeton, NJ-based NRG Energy Inc. senior executives speculated Wednesday that there may be the beginning of a reversal of the ongoing coal-to-gas switch for power generation, particularly in the Texas market in which NRG is the second biggest generator.
North Dakota Fertilizer Plant Proposal May Use Flared Gas
In an attempt to leverage the state’s two biggest industries, North Dakota is considering construction of a world-scale, $1.5 billion nitrogen fertilizer plant. The plant could make use of some of the state’s natural gas now being flared in the face of low prices to fuel the facility, while the North Dakota Corn Growers Association (CGA) would use the plant to make anhydrous ammonia.
Marcellus Will Push Back Canadian Gas, Says Bentek
Marcellus Shale gas will push out some gas traditionally imported from Dawn, ON, later this year as new pipeline expansions come online, Bentek Energy LLC said in a market note.
Dozens of Piceance Wells Threatened by Colorado Wildfire
As the Pine Ridge fire in Colorado expanded Friday, up to 50 natural gas wells were shut in by three operators along the Western Slope in the Piceance Basin. In one case, wells were shut before operators were asked to do so by the federal Bureau of Land Management (BLM), according to the Colorado Oil and Gas Association (COGA).
Pro-Energy Industry Films Target Gasland, Critics
Far from the oil and gas patch in a seaside annex to Hollywood, CA, independent filmmakers are working on documentaries that attempt to push back at critics of the industry. FrackNation, a pro-hydraulic fracturing (fracking) documentary under way, questions information in the controversial 2011 Academy Award-nominated Gasland, as well as creator Josh Fox, who is now pursuing a sequel.
Pro-Energy Industry Films Target Gasland, Critics
Far from the oil and gas patch in a seaside annex to Hollywood, CA, independent filmmakers are working on documentaries that attempt to push back at critics of the industry. FrackNation, a pro-hydraulic fracturing (fracking) documentary under way, questions information in the controversial 2011 Academy Award-nominated Gasland, as well as creator Josh Fox, who is now pursuing a sequel.