Shale

A decade of northern technology adaptation has evolved Alberta and British Columbia shale drilling into a match for rival gas-prone areas of the United States, producers told investment managers Thursday.

BHP Billiton Ltd. concedes that its investment in U.S. shale plays was poorly timed but wants to make a go of it with cost-cutting and increased efficiencies. Meanwhile, an activist investor targeting the Australian mining conglomerate for reform would still like to see the U.S. petroleum business jettisoned.

Three Pennsylvania-based companies were awarded $20,000 each this month at the sixth annual Shale Gas Innovation Contest in Pittsburgh for liquefied natural gas (LNG), borehole imaging and pipeline sensor technologies.

Abundant U.S. shale energy supplies have created the false impression that energy independence is near, while in the transportation sector nearly half of U.S.petroleum supplies are still imported, an oil analyst/editor told an industry conference Tuesday in Long Beach, CA.

Cabot Oil & Gas Corp. announced Friday that it has identified two new exploratory areas that could eventually compete with its core acreage in the Marcellus and Eagle Ford shales.

Imported shale gas from the United States will fuel Canada’s biggest oil refinery under a plan awaiting approval by the National Energy Board (NEB).

Canadian natural gas developers aim to build overseas export outlets for liquid petroleum gas (LPG) byproducts that are on the rise as horizontal drilling and hydraulic fracturing spread in northern Alberta and British Columbia (BC) shale deposits.

Exco Resources Inc. announced Monday that it plans to sell its oil and natural gas properties in three counties in South Texas to an affiliate of Kohlberg Kravis Roberts & Co. LP (KKR) for $300 million.

EQT Corp. on Monday bumped up its 2017 production guidance on longer lateral lengths, an increased Marcellus Shale type curve and higher anticipated natural gas liquids volumes than previously forecast.