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EIA: Lower 48 Production Declined Slightly in March

Natural gas production in the Lower 48 states was 71.76 Bcf/d in March, a 0.26 Bcf/d (0.4%) decrease compared with 72.02 Bcf/d in February, according to the Energy Information Administration’s (EIA) latest Monthly Natural Gas Gross Production report.

June 1, 2012

EnerVest CEO Advises NatGas Peers to ‘Conspire to Constrain Supply Growth’

If natural gas prices were to fall to $1, that wouldn’t be such a bad thing, according to EnerVest Ltd. CEO John Walker. In fact, low prices may be the industry’s “greatest savior,” he said Wednesday at Bentek Energy’s Benposium in Houston.

May 17, 2012

Chesapeake Results Disappoint; Largest Shareholder to Take ‘Active’ Role

Chesapeake Energy Corp. CEO Aubrey McClendon appeared to take it on the chin Wednesday, refusing to bow down to reports about the “unprecedented scrutiny” of the company and of himself in recent days, and promised shareholders that the management team is focused on becoming a U.S. oil-weighted giant. However, it’s going to take some time, he said, especially because the turnaround has little operational support from its natural gas-weighted portfolio.

May 3, 2012

Ohio Injection Well Permits Still in Demand Despite Tougher Regs

Despite strict rules governing wastewater disposal wells, enacted after a dozen small earthquakes were possibly caused by the injections, the Ohio Department of Natural Resources (ODNR) is on pace to receive a record number of permit applications this year for new injection wells.

April 26, 2012

State Geologists: USGS Hasty in Assigning Quake Blame

The top geologists in Colorado and Oklahoma, two states with significant shale resources, say researchers with the U.S. Geological Survey (USGS) were hasty in suggesting that injection wells used to dispose of wastewater from oil and gas drilling are responsible for an increase in earthquakes in the Midcontinent region.

April 17, 2012

Jury Still Out on USGS Earthquake Data

Environmental groups and supporters of the oil and gas industry have different opinions over claims by the U.S. Geological Survey (USGS) that an increase in earthquakes in the Midcontinent region are more than likely caused by wastewater injection well activities.

April 12, 2012

USGS: ‘Remarkable’ Uptick in Quakes Probably from Injection Wells

Researchers with the U.S. Geological Survey (USGS) say there has been a “remarkable” increase in the number of earthquakes in the Midcontinent region, and believe the seismic activity is more than likely attributable to injection wells that handle wastewater from oil and gas drilling.

April 2, 2012

Fracking Debate Resumes in California

After a chemical disclosure bill was shot down last year, critics of hydraulic fracturing (fracking) in California are attempting to rekindle a fire in Sacramento to heat up both regulators and legislators, according to a report in Thursday’s Los Angeles Times. Focused on ways to create jobs, Gov. Jerry Brown’s administration has shied away from the issue, fearing it could stymie growth in the energy sector.

March 16, 2012

Ohio Says Injection Well May Have Caused Quakes, Unveils New Rules

The Ohio Department of Natural Resources (ODNR) said Friday a dozen small earthquakes in northeastern Ohio over the last year may have been triggered by a wastewater disposal well in Youngstown, and it unveiled a series of tough new regulations for injection wells.

March 12, 2012

IHS CERAWeek: ‘World Watching’ North American Energy, ExxonMobil CEO Says

ExxonMobil Corp., which made strategic decisions in recent years to capture massive unconventional shale gas and tight oil resources in North America, is now seeing the continent undergoing a “historic energy transformation,” CEO Rex Tillerson said Friday.

March 12, 2012