Consumers generally favor increased domestic energy production but have mixed feelings about the current natural gas boom, a recent poll by the University of Texas at Austin (UT) found. In particular, the survey illustrates how sharply divided the public remains over the use of hydraulic fracturing (fracking) for well stimulation.
Articles from Reflects
Patterson-UTI Energy Inc. did something in the final three months of 2012 that no other onshore oilfield services provider has announced yet: hydraulic fracturing (fracking) services climbed and sales surpassed expectations — surprising even company executives.
Denver-based PDC Energy Inc. has sold its Piceance and other mostly natural gas Colorado holdings to concentrate its drilling efforts in the Utica Shale in Ohio, along with Weld County’s Wattenberg field in Colorado.
SM Energy said Wednesday that next year it will spend 90% of its planned drilling and completions budget of $1.2 billion on its Eagle Ford, Bakken/Three Forks and Permian Basin programs.
NFR Energy LLC has closed two private deals worth a combined $736 million to acquire assets in the Anadarko Basin and Eagle Ford Shale. The company also announced that First Reserve Corp. has increased its interest in the parent company, NFR Holdings LLC, to 99.7% and NFR is to be renamed Sabine Oil & Gas LLC.
Gasfrac Energy Services Inc., which has been attempting to muscle into the hydraulic fracturing (fracking) market with its waterless technology, hit some roadblocks in 2Q2012, in part because the pressure pumping market is bursting at the seams, company officials said Thursday.
Nexen Inc. has made good on a promise to find a joint venture (JV) partner by the end of this year for its extensive shale acreage in northeastern British Columbia (BC) after agreeing to sell a 40% stake for C$700 million to a consortium led by Japan’s Inpex Corp.
FERC’s proposed restructuring of the Office of Market Oversight and Investigations (OMOI) into the Office of Enforcement “reflects [the] heightened role of the Commission’s enforcement responsibilities as manifested by Congress” in the Energy Policy Act of 2005 (EPAct), according to Susan J. Court, who will head up the new office.
NorthWestern Energy’s natural gas customers in Montana are bracing for a 27% increase to their monthly bills beginning in September, which not only reflects rising fuel costs but also the lack of a credit that had been deducted from statements over the past year.