Carrizo Oil & Gas Inc. beat its guidance and achieved record production and revenue during the second quarter of 2012, thanks in large part to new oil production from longer laterals drilled in the Eagle Ford Shale and a flatter-than-expected decline in natural gas production with new wells brought online in the Marcellus Shale.
September
Articles from September
Industry Briefs
Ground has been broken for the Frontier Oasis, a 112-bed workforce housing camp in Karnes County, TX. It is to open in September four miles West of Kenedy, TX, along Farm Route 2102. The flat rate all-inclusive camp will offer Eagle Ford Shale workers three all-you-can-eat meals per day; to-go sack lunches; housekeeping and laundry services, indoor and outdoor recreational facilities; high-definition television and wireless internet; and an on-site general store. Karnes County currently leads the booming Eagle Ford in drilling rigs, and the camp is expected to play a major role in providing much-needed housing, food and laundry services for the operators and service companies in the area. The commercial buildings for the project will be provided by Houston-based Teton Buildings LLC. Bryan, TX-headquartered Frontier Oilfield Solutions will be constructing and operating the camp. A recent study identified housing as a critical need for Eagle Ford workers and area residents (see Shale Daily, July 11).
Williams Engages the Public in Constitution Pipeline Plans
It’s all about engaging the right kind of public participation and Williams has been working on that, launching a series of open house meetings along the route of its proposed 121-mile Constitution Pipeline from northeastern Pennsylvania into the heart of New York State near Albany.
San Bruno ‘Closure’ Coming, But PG&E Still Faces Criticism, Says CEO
The CEO of Pacific Gas and Electric Co. (PG&E) told financial analysts Wednesday that “closure” is coming for the fatal natural pipeline tragedy in San Bruno, CA, in September 2010, but before it is reached the combination utility will be subjected to more public scrutiny.
PG&E to Pay San Bruno $70M Over Pipe Blast
Pacific Gas and Electric Co. (PG&E) and the City of San Bruno, CA, settled their differences Monday with the utility agreeing to pay the city $70 million in the aftermath of the deadly September 2010 natural gas transmission pipeline rupture and explosion in a quiet residential neighborhood about 10 miles south of San Francisco.
Range’s 2012 Plans Are Heavy On Liquids
As other shale players are moving to liquids, Range Resources Corp. said Wednesday it is simply expanding the house it has long been building in the neighborhood.
PG&E: San Bruno Pipe Bill Approaches $1.5B
The cost to Pacific Gas and Electric Co. (PG&E) shareholders to deal with the aftermath of the deadly San Bruno natural gas pipeline rupture and explosion in September 2010 is approaching $1.5 billion, senior executives at the utility said Thursday.
Bentek Expects Sub-$2 Prices by September
The natural gas market could set a new price floor of $1.94/Mcf this September as robust output — particularly from the nation’s shale plays — and relatively mild winter weather continue to drag down prices, according to Bentek Energy LLC.
Dominion Profits Sapped By Weak Commodity Prices, Mild Winter
Dominion Resources Inc. announced Friday that its earnings for the full-year 2011 and the fourth quarter both declined due to lower profits in its merchant generation business and a decrease in weather-related energy sales.
Court Approves $77.1M Settlement Resolving Claims Against Amaranth
A U.S. District Court judge has approved a $77.1 million settlement to resolve claims against Amaranth Advisors LLC, a hedge fund that collapsed in September 2006 after suffering $6 billion in market losses due to wrong-headed bets in natural gas futures.