Forward Fixed PricesUpdated May 26, 2023

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Midland, Delaware Basin Wolfcamp Outlook Seen ‘Greatly Improved’

Permian Basin-focused Energen Resources Corp., said Wednesday its first well to test the upper Wolfcamp Shale in the Midland Basin and three upper Wolfcamp wells in the Delaware Basin have shown “excellent results.”

August 1, 2013

Great Lakes Advance; California Citygates Ease; Futures Gain

Physical natural gas prices on average gained a penny Tuesday with traders seeing no immediate need to make purchases during a holiday-muted trading week. Upper Midwest points added a couple of cents, and West Coast citygate prices were lower as forecasts of power demand were tempered. At the close, August futures were up 7.7 cents to $3.654 and September had added 7.8 cents to $3.651. August crude oil rose $1.61 to $99.60/bbl.

July 3, 2013

Rex Seeing Some Positives in Utica

Rex Energy Corp. is seeing some positive results from a well targeting Ohio’s Utica Shale, but it is disappointed with a third-party well completion technique at another and is blaming bad weather for delays in turning some wells to sales.

June 24, 2013
Shales Continue Pushing Lower 48 Production Higher

Shales Continue Pushing Lower 48 Production Higher

Natural gas production in the Lower 48 and Other States categories, which include some of the nation’s most prolific shale plays, was up in February compared with January and with February 2012, according to the Energy Information Administration’s (EIA) Monthly Natural Gas Gross Production Report.

May 2, 2013

SM Energy Sees Encouraging Results From Woodbine Test

SM Energy Co. is seeing encouraging results from a test well drilled in the Woodbine formation and has added about 10,000 net acres to its position on the northeastern edge of the Eagle Ford Shale in East Texas.

April 18, 2013

Marcellus Is Still Golden Child Among Cabot’s Plays

Despite a year of languishing natural gas prices, Cabot Oil & Gas Corp. annual revenues for the first time surpassed $1 billion in 2012. Cash flow set records as proved reserves grew by 27% to 3.8 Tcf on organic growth that replaced 417% of record production. The Marcellus Shale gave much despite infrastructure challenges.

February 25, 2013

Technology Advances for NGV Fueling Tanks

Fuel tanks, which are considered the most costly part of the compressed natural gas (CNG) vehicle fueling system, are seeing technology breakthroughs in the United States.

February 18, 2013

GreenHunter Grows South Texas Water Services Business

GreenHunter Water LLC has acquired two oilfield water service and construction companies operating in the Eagle Ford Shale of South Texas. White Top Oilfield Construction LLC and Black Water Services LLC have common management and have been serving Eagle Ford operators since 2008.

January 7, 2013

South Dakota Joins Push on Drilling Rules

Lacking anything like the Bakken to its north and not seeing a major new play on the horizon, South Dakota oil and natural gas authorities nevertheless have begun the process for upgrading the state’s exploration and production (E&P) regulations, including adding provisions addressing hydraulic fracturing.

December 24, 2012
No Drought About it: Produced Water Produces Oil

No Drought About it: Produced Water Produces Oil

The re-emerging Mississippian Lime may be cheaper to drill than in some deeper formations, but an abundance of produced water has created a flood of innovative solutions by some operators.

December 4, 2012
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