EOG Resources Inc. has such faith in its shift from a natural gas-weighted producer to one more weighted to natural gas liquids (NGL) and oil that it sees the traditional production growth yardstick almost obsolete, according to CEO Mark Papa.
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Anadarko’s 2010: A Year in the Shales
Look for Anadarko Petroleum Corp. to spend more on liquids-rich plays, such as the Eagle Ford Shale in South Texas, while Appalachia’s Marcellus Shale is the only play where the company is still drilling dry gas wells, Anadarko executives said during an earnings conference call last week.
2010 Was a Big Year for Anadarko in the Shales
Look for Anadarko Petroleum Corp. to spend more on liquids-rich plays, such as the Eagle Ford Shale in South Texas, while Appalachia’s Marcellus Shale is the only play where the company is still drilling dry gas wells, Anadarko executives said during an earnings conference call Tuesday.
IPAA Scores Early Victory with EPA over Hydrofracking
A federal appeals court in Washington, DC, has rejected a motion by the Environmental Protection Agency (EPA) to dismiss a case brought by independent producers alleging that the agency failed to go through the proper channels to regulate diesel fuel used in the hydraulic fracturing (fracking) process.
Shale Drilling Increase Led by 100-200% Jumps in Oil/Liquids Plays
Overall drilling in U.S. shale basins has increased 33% from a year ago, led by 100-200% jumps in oil- and liquids-rich natural gas plays such as the Niobrara in Colorado and southern Wyoming (209%), the Eagle Ford in South Texas (105%) and the Bakken in North Dakota and Montana (110%), according to a shale basin rig count compiled by NGI’s Shale Daily.
Shale Drilling Increase Led by 100-200% Jumps in Oil/Liquids Plays
Overall drilling in U.S. shale basins has increased 38% from a year ago, led by 100-200% jumps in oil- and liquids-rich natural gas plays such as the Niobrara in Colorado and southern Wyoming (200%), the Eagle Ford in South Texas (126%) and the Bakken in North Dakota and Montana (105%), according to a shale basin rig count compiled by NGI’s Shale Daily.
Year Both New and Frigid; All Points Up Sharply
Some market areas — such as from the Rockies and Western Canada through the Upper Plains and Midwest into the Northeast and Eastern Canada — had enough cold weather to justify the hefty price run-ups in Monday’s trading. Although some parts of the eastern South and Southwest would see lows approaching freezing Tuesday, their highs close to 50 or above made it a bit harder to rationalize their sizeable gains.
Citizens Call on Murrysville, PA, to Ban Marcellus Drilling
A citizens group is calling on Murrysville, PA, to ban hydraulic fracturing (fracking) in the borough, located about 20 miles east of Pittsburgh in Westmoreland County.
Analysis Finds Uncertainties in Shale Outlook
A study commissioned by the state of Alaska paints a picture of rising costs in North American shale gas plays and higher gas prices in the years ahead that lend support to the case for a gas pipeline from the state’s North Slope to serve Lower 48 markets.
Industry Groups Back Fracking Chemical Registry
America’s Natural Gas Alliance (ANGA), the Independent Petroleum Association of America and the American Exploration & Production Council said Thursday they support a recently announced effort to disseminate information on chemicals used in hydraulic fracturing (fracking).