Reduce

A UK-based exploration company whose management team has unconventional exploration experience in the United States claims to have discovered a natural gas shale field near Blackpool, in Lancashire, England, that may rival rock in the United States.

President Obama’s proposed $41 billion-plus in tax hikes and fees on oil and natural gas producers would reduce by as much as 35% the capital available for U.S. production, ultimately resulting in less government revenue and royalties, said an official with the Western Energy Alliance (WEA) last Thursday (see NGI, Sept. 19).

President Obama’s proposed $41 billion-plus in tax hikes and fees on oil and natural gas producers would reduce by as much as 35% the capital available for U.S. production, ultimately resulting in less government revenue and royalties, said an official with the Western Energy Alliance (WEA) Thursday.

A sharp decline in the domestic natural gas drilling rig count for even a few months might not reduce U.S. gas supplies because there are hundreds of drilled but uncompleted (DUC) wells that could be substituted for newly drilled wells, according to a survey by Barclays Capital.

A sharp decline in the domestic natural gas drilling rig count for even a few months might not reduce U.S. gas supplies because there are hundreds of drilled but uncompleted (DUC) wells that could be substituted for newly drilled wells, according to a survey by Barclays Capital analysts.

Oil, natural gas and natural gas liquids (NGL) aren’t the only commodities on the minds of producers. These day’s they’ve been thinking about water, too — a lot actually.

Marcellus Shale production is strong and activity is high, but because it’s a “tough environment to construct in,” Williams plans to reduce its capital spending in the play through the rest of this year, an executive said Tuesday.

A study of the biggest risks associated with hydraulic fracturing (hydrofracking), as well as recommended policies to reduce those risks, has been launched by an arm of the nonpartisan Resources for the Future (RFF).

Illinois Gov. Pat Quinn on Wednesday signed legislation to help create the state’s first coal gasification plant, which is expected to reduce carbon emissions and create 1,500 jobs.