Range Resources Corp.’s management team is “convinced” that its best wells are still to come in the Marcellus Shale after some new wells punched into a previously drilled area with five years of production history were “substantially better than previous wells,” COO Ray Walker said.
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Articles from Still
Proposed Bluegrass NGL Pipeline Stirring Interest
Planning for the proposed Bluegrass Pipeline, which would carry mixed natural gas liquids (NGL) from the Northeast to the Gulf Coast, is still in early stages, but the project has piqued the curiosity of analysts who follow Bluegrass partner Boardwalk Pipeline Partners LP.
State-Federal MOU Could Resolve Fracking Conflict
The federal government and states would reach a compromise on regulation of hydraulic fracturing (fracking) if the parties agreed to a memorandum of understanding (MOU) on the issue, a Texas official told a House panel Wednesday.
2000-01 Energy Crisis Legal, Regulatory Cases Still Around
Thirteen years after the 2000-01 energy market meltdown there are still parts of old legal and regulatory cases emerging in California that carry potentially multi-billion dollar consequences. Two cases emerged the first two weeks of April — one in the U.S. 9th Circuit Court of Appeals in San Francisco and other at California’s state regulatory commission in the same city.
Cabot, Southwestern Thrive in Marcellus
Dry gas producers have been a victim of their own success, but they’re still making their way in a glutted market. The Marcellus Shale is throwing off decent returns and plenty of gas.
Canadian Drillers Take Another Look at Remote Canol Shale
A winter drilling season with potential to fulfill Canadian northern oil visions has begun, with an adventurous spirit driving bits down into an all but untouched shale deposit known as the Canol.
Baker Hughes: North American Rig Count to Fall 5%
Baker Hughes Inc.’s North American activity is predicted to be steady this year compared with 2012, but customers still remain cautious about what’s ahead, CEO Martin Craighead said last week. Canadian projects also are posing “near-term risks.”
Baker Hughes: 2013 North American Rig Count to Decline 5%
Baker Hughes Inc.’s North American activity is predicted to be steady this year compared with 2012, but customers still remain cautious about what’s ahead, CEO Martin Craighead said Wednesday. Canadian projects also are posing “near-term risks,” he said.
Texas Producers Using, Recycling More Water
An update conducted last year of a Texas water use study found that oil and gas producers are using more water for hydraulic fracturing (fracking), but they’re also recycling more, making it important to distinguish between water “use” and “consumption.”
EIA: NatGas Prices to Stay Under $4.00 Through 2014
In its first forecast for 2014, the Energy Information Administration (EIA) said it expects natural gas prices to “gradually rise but still remain relatively low” over the next 24 months, with Henry Hub prices averaging $3.74/MMBtu this year and $3.90/MMBtu in 2014, compared with $2.75/MMBtu in 2012.