The decade-long romance between horizontal drilling and hydraulic fracturing (fracking) shows no signs of burning out, much to the delight of the parents — onshore oilfield services companies — according to a compilation of industry data.
Signs
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Near-Flat Pricing Represents Slight Strength
Although the cash market showed a few signs of vitality in moving to near-flat numbers Tuesday following the previous day’s losses at nearly all points, there was little in the near-term outlook to suggest any chances of a substantive rally anytime soon.
Market Not Ready to Advance, Analyst Says; September Stumbles
September natural gas futures limped lower in dull trading Friday as analysts suggested that the market was not showing signs that it was capable of advancing further. At the close September natural gas had eased 4.8 cents to $4.060 and October had slid 5.6 cents to $4.071. September crude oil dropped 34 cents to $85.38/bbl.
Corridor Sees Promise in Quebec’s Macasty Shale
After inaugurating natural gas production in New Brunswick, a persistent pioneer of drilling on Canada’s Atlantic seaboard says early signs of an untapped fossil fuels mother lode have been found in eastern Quebec.
Corridor Resources Sees Promise in Quebec’s Macasty Shale
After inaugurating natural gas production in New Brunswick, a persistent pioneer of drilling on Canada’s Atlantic seaboard says early signs of an untapped fossil fuels mother lode have been found in eastern Quebec.
Heating Load Sufficient for Gains to Dominate
The spot market showed some signs of returning strength as advances that were concentrated occurred in the West and Northeast outnumbered losses Tuesday, with flat numbers again in vogue. This came a day after a large majority of points softened.
Still-Mixed Market Shows More Gains than Before
The market continued to see mixed, mostly near-flat price movement but was showing signs of perking up again by following the previous day’s losses at a majority of points with moderate gains being prevalent Thursday.
McMoRan Sees Potential in GOM Shelf Discoveries
Incremental acquisitions in the Gulf of Mexico (GOM) weren’t enough to lift McMoRan Exploration Co.’s earnings or production in 2010, but there are signs of a turnaround in 2011, the New Orleans-based operator said last week.
McMoRan’s Offshore Drilling Costs Impact Earnings
Incremental acquisitions in the Gulf of Mexico (GOM) weren’t enough to lift McMoRan Exploration Co.’s earnings or production in 2010, but there are signs of a turnaround in 2011, the New Orleans-based operator said Tuesday.
Chesapeake Bay Group Apprehensive About Marcellus Drilling
The Chesapeake Bay, long plagued by pollution from development across its 64,000-square-mile watershed, is showing “some encouraging signs of improvement,” but is still “dangerously out of balance” and needs to be protected from a variety of threats, including natural gas drilling operations in the Marcellus Shale, according to the Chesapeake Bay Foundation’s (CBF) “2010 State of the Bay” report.