Shale

Utica, Haynesville Down as U.S. Drops Five Rigs

Utica, Haynesville Down as U.S. Drops Five Rigs

A drop-off in the Utica and Haynesville shales saw the U.S. rig count fall five units to finish at 253 for the week ending Friday (July 17), according to the latest figures from Baker Hughes Co. (BKR). Four natural gas-directed rigs exited the patch in the United States during the week, joined by one oil-directed…

July 17, 2020
North American E&P Bankruptcies Rising as Second Wave of Covid-19 Threatens ‘Very Painful’ Rest of 2020

North American E&P Bankruptcies Rising as Second Wave of Covid-19 Threatens ‘Very Painful’ Rest of 2020

The number of North American exploration and production (E&P) companies seeking bankruptcy protection continues to rise, with 23 operators filing since the start of the year, according to Haynes and Boone LLP. This is four more than what the law firm reported last month, and included former heavyweight Chesapeake Energy Corp. and Permian pure-play Lillis…

July 10, 2020
Vaca Muerta Showing Signs of Life as Argentina Considers Oil, Gas Incentive Bill

Vaca Muerta Showing Signs of Life as Argentina Considers Oil, Gas Incentive Bill

Oil and gas producers working in Argentina continued to increase activity in June, adding four rigs during the month, according to information from Baker Hughes Co.   Argentina had a total of six rigs running in June, compared to two in May and zero in April as the country had strict lockdown measures from the coronavirus…

July 7, 2020
Questerre Adds More Utica Shale Prospects in Quebec

Questerre Adds More Utica Shale Prospects in Quebec

A marathon campaign to revive dormant natural gas drilling in Quebec advanced a step in an asset transaction announced Wednesday by Questerre Energy Corp.

January 23, 2020
Questerre Adds More Utica Shale Prospects in Quebec

Questerre Adds More Utica Shale Prospects in Quebec

A marathon campaign to revive dormant natural gas drilling in Quebec advanced a step in an asset transaction announced Wednesday by Questerre Energy Corp.

January 23, 2020

NGI 2020: Drilling Bans, Low Prices, New Projects Pique Readers’ Interest in 2019

Editor’s Note: This is one of a 14-piece series NGI undertook as the energy industry readied for the new year, with Lower 48 natural gas and oil supply continuing to surge in an uncertain environment as liquefied natural gas exports ramp up, Mexico markets remain shrouded and stakeholders demand more value. Get your complimentary copy of NGI’s 2020 Special Report today.

December 31, 2019

BKV Deal for Devon’s Barnett Assets Said Potential Opening for LNG Exports to Thailand

Oklahoma City-based Devon Energy Corp., which gained entry into the unconventional natural gas business in 2002 with what at the time was a megadeal in the Barnett Shale, has agreed to sell the legendary assets in North Texas to Thailand’s Banpu Kalnin Ventures (BKV) for $770 million.

December 20, 2019
Shale/Tight Oil Resources Race ‘Not Yet Run,’ with ‘Profound Impacts’ Ahead, Says IEA

Shale/Tight Oil Resources Race ‘Not Yet Run,’ with ‘Profound Impacts’ Ahead, Says IEA

The United States is likely to account for about 85% of the increase in global oil production and 30% of natural gas output to 2030, putting pressure on the world’s traditional operators, according to the latest projections by the International Energy Agency (IEA).

November 13, 2019
Shale Economics Work, EQT Chief Tells Industry Crowd

Shale Economics Work, EQT Chief Tells Industry Crowd

EQT Corp. CEO Toby Rice told an industry audience in Pittsburgh on Wednesday that “shale works,” insisting that the country’s leading unconventional oil and gas producers will increasingly demonstrate the economics of their assets and more consistently deliver stronger returns as the investment community pushes for better results.

October 24, 2019

Pittsburgh International Airport to Tap Marcellus Shale for Microgrid

Pittsburgh International Airport (PIA) has awarded a 20-year contract to utility Peoples Natural Gas to build and operate a microgrid to power its entire campus.

October 21, 2019