Natural gas for transportation continues to branch out, with developments in both compressed natural gas (CNG) and liquefied natural gas (LNG) options.
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Foreign Investors Eyeing Stake in Frac Tech, Sources Say
Texas-based Frac Tech Services LLC, a hydraulic fracturing (fracking) specialist, apparently is in talks to sell a stake in the company to one of three foreign oil giants for $2 billion-plus and also is close to completing joint ventures (JV) to work overseas on unconventional oil and gas prospects, sources told NGI’s Shale Daily on Thursday.
Maryland Official Calls for Marcellus Drilling Moratorium
Maryland, whose far western panhandle is within the Marcellus Shale, should place a moratorium on drilling permits until it “can put in place the regulations and enforcement capacity to ensure that we keep our water safe,” according to state Delegate Heather Mizeur (D-Montgomery County).
Baker Hughes Performance ‘Dominated’ by North America
Baker Hughes Inc., which bought onshore pressure pumping specialist BJ Services Inc. to boost its North American business, last week reported a huge jump in quarterly profits both from a year ago and sequentially, with most of the gains in unconventional basins in the United States and Canada.
Baker Hughes: Big Backlog of Uncompleted Shale Wells
Baker Hughes Inc.’s management team reported Monday that the purchase of pressure pumping specialist BJ Services Inc. already is paying off, helping to boost quarterly profits both year/year and sequentially, with most of the uptick coming from work in North America’s unconventional basins.
Baker Hughes 3Q Profits Surge in North America
Baker Hughes Inc., which bought onshore pressure pumping specialist BJ Services Inc. to boost its North American business, on Monday reported a huge jump in quarterly profits from a year ago and sequentially, with most of the gains from unconventional basins in the United States and Canada.
Nabors to Buy Frac Pumper Superior Well Services
Nabors Industries Ltd. on Monday said it offered to buy Superior Well Services Inc., a hydraulic fracturing (hydrofracing) pumping services specialist, in a transaction worth an estimated $900 million, including debt.
Denbury, Encore to Combine in $4.5B Deal
Denbury Resources Inc., an oil recovery specialist, and Encore Acquisition Co. have agreed to merge in a transaction initially valued at $4.5 billion, including debt. According to Denbury, the merger could result in the sale next year of noncore assets, including Encore’s natural gas-weighted properties.
Denbury, Encore to Combine in $4.5B Deal
Denbury Resources Inc., an oil recovery specialist, and Encore Acquisition Co. on Sunday agreed to merge in a transaction initially valued at $4.5 billion, including debt. According to Denbury, the merger could result in the sale next year of noncore assets, including Encore’s natural gas-weighted properties.
Green Methane Eyed by WA Public-Private Partners
Bellevue, WA-based Puget Sound Energy (PSE), Kings County, WA, and landfill gas specialist Bio Energy-Washington have joined forces on a project to use super-clean landfill gas to produce 35 MW in PSE’s existing gas-fired generation plants. They expect to produce up to 5.5 MMcf/d of “green” methane from the landfill.