Remain

Range Resources Corp. expects capital spending to be flat from 2011 to 2012 as the company becomes more efficient in the Marcellus Shale and completes its sale of assets in the Barnett Shale, but to rise in 2013 as the company increases drilling.

On the heels of a legislative session that failed to pass any Marcellus Shale development measures, two Maryland lawmakers are seeking an independent review of their state’s regulatory framework.

Independent explorers now drill close to 94% of U.S. oil and natural gas wells, a level of drilling that is forecast to remain steady over the coming decade, according to a study commissioned by the Independent Petroleum Association of America (IPAA).

Responding to concerns expressed by citizens, the government of Nova Scotia has begun a year-long review of environmental issues associated with hydraulic fracturing (hydrofracking).

Independent explorers now drill close to 94% of U.S. oil and natural gas wells, a level of drilling that is forecast to remain steady over the coming decade, according to a study commissioned by the Independent Petroleum Association of America (IPAA).

Driven by North America’s shales, global merger and acquisition (M&A) transactions within the exploration and production (E&P) sector climbed to $45 billion in the first three months of the year, Evaluate Energy said Tuesday.

More than two-thirds of the offshore oil and natural gas leases in the Gulf of Mexico (GOM) and more than half of the onshore leases on federal lands remain idle, according to a report requested by President Obama and released last Tuesday by the Interior Department. The oil and natural gas industry immediately shot back, saying that if anyone was to blame for idle leases it was the federal government because of the sluggish permitting process.

The “fundamentals” for oil and gas remain unchanged, but new opportunities have arisen because of “technology or changed circumstances,” Schlumberger Ltd. CEO Andrew Gould said Monday.

More than two-thirds of the offshore oil and natural gas leases in the Gulf of Mexico (GOM) and more than half of the onshore leases on federal lands remain idle, according to a report requested by President Obama and released Tuesday by the Interior Department.