Shift

Halliburton is anticipating a “structural shift” in the U.S. land market as unconventional resources become a more prominent component of the production profile, according to CEO Dave Lesar.

Halliburton is anticipating a “structural shift” in the U.S. land market as unconventional resources become a more prominent component of the production profile, CEO Dave Lesar said Friday.

Horizontal drilling and hydraulic fracturing are unlocking the continent’s bountiful gas shale plays one by one, leading to a seismic shift in production economics — and prices will never be the same, a Calgary-based energy economist told NGI.

Horizontal drilling and hydraulic fracturing are unlocking the continent’s bountiful gas shale plays one by one, leading to a seismic shift in production economics — and prices will never be the same, a Calgary-based energy economist told NGI.

In a significant shift in policy, the House Democratic leadership last Wednesday unveiled an energy package that would lift the 26-year-old congressional moratorium on oil and natural gas drilling 100 miles out from shore and would allow individual coastal states to “opt in” to leasing between 50 and 100 miles from their shorelines.

In a significant shift in policy, the House Democratic leadership Wednesday unveiled an energy package that would lift the 27-year-old congressional moratorium on oil and natural gas drilling 100 miles out from shore and would allow individual coastal states to “opt in” to leasing between 50 and 100 miles from their shorelines.

September natural gas futures plunged Monday as traders sought to discount the effects of Tropical Storm Edouard and shift their attention to the economy and a sympathetic drop by crude oil. September futures swan-dived 66.3 cents to $8.726 and the October contract fell 65.8 cents to $8.836. September crude oil dropped $3.69 to $121.41/bbl.

Questar Corp. saw sharply improved results during the second quarter as the company continues to shift more of its focus toward the Midcontinent where it expects margins to be stronger than those available in the Rocky Mountain producing region.

Questar Corp. saw sharply improved results during the second quarter as the company continues to shift more of its focus toward the Midcontinent where it expects margins to be stronger than those available in the Rocky Mountain producing region.