Recover

FERC Approves Two Marcellus Pipeline Expansions

FERC on Friday issued certificates for two Dominion Transmission Inc. (DTI) Marcellus Shale-related projects in Pennsylvania and New York: the Tioga Area Expansion Project and the Sabinsville-to-Morrisville Project.

March 12, 2013

Schlumberger: GOM Overcomes U.S. Onshore Fall-Off

The North American onshore rig count may recover somewhat in 2013, but it likely will be lower than last year, Schlumberger Ltd. CEO Paal Kibsgaard said Friday.

January 22, 2013

Schlumberger: North America Onshore to See More Wells, Less Rigs

The U.S. and Canadian rig count may recover a bit this year, but it still will be lower than it was in 2012, according to Schlumberger Ltd. CEO Paal Kibsgaard.

January 22, 2013

Schlumberger: GOM Overcomes U.S. Onshore Declines

The North American onshore rig count may recover somewhat in 2013, but it likely will be lower than last year, Schlumberger Ltd. CEO Paal Kibsgaard said Friday.

January 21, 2013

ExxonMobil Sanctions Hebron Offshore Eastern Canada

ExxonMobil Corp. has sanctioned its massive Hebron oilfield development offshore Newfoundland and Labrador, a $14 billion project that is slated to recover more than 70 million boe, an uptick from earlier estimates.

January 8, 2013

Analyst: U.S. Gas Prices ‘At Least’ $4 in 2013

Fundamentals are in place for U.S. natural gas prices to recover to “at least” $4.00/MMBtu in 2013, with prices through December averaging $3.50, an energy analyst said last week. The gas supply “inventory overhang is not as bad as was feared,” said another analyst.

October 22, 2012

Analyst: U.S. Gas Prices ‘At Least’ $4 in 2013

Fundamentals are in place for U.S. natural gas prices to recover to “at least” $4.00/MMBtu in 2013, with prices through December averaging $3.50, Canaccord Genuity said Monday.

October 16, 2012

Economist Backs Arkansas Severance Tax Hike

Former natural gas industry executive Sheffield Nelson has enlisted the aid of economist Charles Venus in his campaign to raise the severance tax that Arkansas levies on natural gas production. Raising the tax to 7% would mean an additional $155 million per year for state coffers, the equivalent of less than a day and a half of profits for ExxonMobil, Venus said recently.

June 19, 2012

Pennsylvania Data Shows Shift to Wet Gas, Top Operator Shuffle

Operators in Pennsylvania spud fewer Marcellus Shale gas wells last month than the year before, shifted their focus to counties in wetter areas of the play and saw turnover at the top in terms of most wells spud, data from the state Department of Environmental Protection (DEP) shows.

June 8, 2012

Deloitte Survey Sees Era of Energy Frugality Emerging in U.S.

U.S. businesses and consumers are becoming more frugal about their energy consumption, even as the economy slowly begins to recover, according to a new survey from the Deloitte Center for Energy Solutions.

May 22, 2012
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