The oil and natural gas industry in New York State is “imperiled” and “in crisis” because of the ongoing delay over whether to allow hydraulic fracturing (fracking) in the state, according to a letter sent Monday to Gov. Andrew Cuomo by the Independent Oil & Gas Association of New York (IOGA).
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Utica a Key to Chesapeake’s Transition, Says McClendon
The Utica Shale may be “the best treasure of American energy,” Chesapeake Energy Corp. CEO Aubrey McClendon said Thursday.
Utica Key to Chesapeake’s Transition, Says McClendon
The Utica Shale may be “the best treasure of American energy,” Chesapeake Energy Corp. CEO Aubrey McClendon said Thursday.

Oil Is Prey for New Hawk of a Different Name
The senior executives of Halcon Resources Corp. have a fatter checkbook than when they started Eagle Ford Shale pioneer Petrohawk Energy Corp. not so very long ago. Having sold that successful natural gas-focused venture, with Halcon they are targeting unconventional oil plays with a similar strategy and expecting similar success.
Baker Hughes: U.S. NGL Drilling Deteriorating
Natural gas liquids (NGL) drilling has begun to deteriorate in some U.S. basins, Baker Hughes Inc. CEO Martin Craighead said Friday.
Industry Briefs
Speaking to reporters at a technical forum on next-generation blowout preventers (BOP) Tuesday, Interior Department officials said they expected to issue by September a proposal on enhanced standards for BOPs, a device that is believed to have malfunctioned in April 2010 and lead to the blowout of the Macondo well in the Gulf of Mexico (see Daily GPI, April 22, 2010). “This is a rule that I believe is much needed, and we will work deliberately toward getting a draft rule published,” said James Watson, director of Interior’s Bureau of Safety and Environmental Enforcement, earlier this month.
API’s Gerard Says Ohio Experiencing Energy ‘Rebirth’
Speaking at the City Club of Cleveland last Friday, the head of the American Petroleum Institute (API) said the state of Ohio is experiencing an energy “rebirth” as a result of the surge in shale gas development and that it could be a game changer for jobs and economic growth in the state.
BSEE Chief Identifies ‘Next Generation’ of Offshore Regulations
Speaking at the Offshore Technology Conference last week in Houston, the head of the Department of Interior’s Bureau of Safety and Environmental Enforcement (BSEE) outlined the “next generation of regulations” for the Outer Continental Shelf that the agency plans to tackle in the upcoming year.
BSEE’s Watson Identifies ‘Next Generation’ of Offshore Regulations
Speaking at the Offshore Technology Conference in Houston, the head of the Department of Interior’s Bureau of Safety and Environmental Enforcement (BSEE) outlined the “next generation of regulations” that the agency plans to tackle during the upcoming year for the Outer Continental Shelf (OCC).
Chemical Industry Has Shale Faith, Fears
Chemical industry executives are believers in the North American shale gas miracle, and they’re investing accordingly. But there’s still time to blow it with bad policies and regulation, speakers at a Houston industry conference said.