Swept

Driller: Old Rigs Can’t Hack the Shales

Contract driller Helmerich & Payne Inc. has been repositioning its rig fleet or the last 10 years, well in advance of the shale revolution that has swept the oil and gas patch. Back then it wasn’t known how well suited the firm’s FlexRigs would be to horizontal drilling in the shales. As it turns out, they work quite well, H&P CEO Hans Helmerich told financial analysts during a fiscal fourth quarter earnings conference call.

November 21, 2011

Driller: Old Rigs Can’t Hack the Shales

Contract driller Helmerich & Payne Inc. has been repositioning its rig fleet or the last 10 years, well in advance of the shale revolution that has swept the oil and gas patch. Back then it wasn’t known how well suited the firm’s FlexRigs would be to horizontal drilling in the shales. As it turns out, they work quite well, H&P CEO Hans Helmerich told financial analysts during a fiscal fourth quarter earnings conference call.

November 21, 2011

Shales Drive First U.S. Gulf Coast LNG Export Deal

A contract signed last week for the liquefaction and export of domestically produced natural gas lends further credibility to the shale gas optimism that has swept the energy industry in recent years, and it could quiet skeptics who think the United States isn’t poised to become an exporter of gas to global markets.

October 31, 2011

First Deal Struck to Liquefy, Export Shale Gas

A newly signed contract for the liquefaction and export of domestically produced natural gas lends further credibility to the shale gas optimism that has swept the energy industry in recent years.

October 27, 2011

Shale Revolution Upsets Status Quo, Says Devon Chief

Larry Nichols, who now chairs Devon Energy Corp., stood “on top of the Fort Worth Basin” on Tuesday and recalled the turning point for his company — and the global natural gas industry.

October 7, 2010

Yergin: ‘Shale Gale’ Transforms Gas Market

The “shale gale” that has swept across the United States and into Canada already has more than doubled the size of discovered natural gas resources in North America and is enough to satisfy more than 100 years of consumption at current rates, according to a study by IHS Cambridge Energy Research Associates (CERA).

March 15, 2010

Yergin: ‘Shale Gale’ Transforms Gas Market

The “shale gale” that has swept across the United States and into Canada already has more than doubled the size of discovered natural gas resources in North America and is enough to satisfy more than 100 years of consumption at current rates, according to a new study by IHS Cambridge Energy Research Associates (CERA).

March 11, 2010

Yergin: ‘Shale Gale’ Transforms Gas Market

The “shale gale” that has swept across the United States and into Canada already has more than doubled the size of discovered natural gas resources in North America and is enough to satisfy more than 100 years of consumption at current rates, according to a new study by IHS Cambridge Energy Research Associates (CERA).

March 11, 2010

MMS: Post-Hurricane ‘Glass Half Full’ for GOM Production

For the first time since hurricanes Gustav and Ike swept through the Gulf of Mexico (GOM), the Minerals Management Service (MMS) Monday reported that natural gas and oil production restoration passed the halfway mark.

September 30, 2008

FPL: Human Error May Have Caused Florida Outages

Preliminary findings of an ongoing investigation into the cause of widespread power outages that swept across Florida last Tuesday indicate that the primary cause was human error, Florida Power & Light Co. (FPL) said Friday.

March 3, 2008
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