For 2013, Southwestern Energy Co. is dialing down spending by $100 million but expects to increase net natural gas and oil production by 11-13% from this year. Drilling is increasing on the eastern side of the Fayetteville Shale, and new pipeline infrastructure is taking more gas to market from the Marcellus Shale, the company said.
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In Montana in a “forgotten corner of the Williston Basin,” a Texas company is gathering up acreage with the expectation that it can turn what some call the False Bakken into a true gem. And if that doesn’t work, northeast Montana has more to offer in and near the Bakken Petroleum System.
Royal Dutch Shell plc’s management team laid out its strategy plan on Wednesday, which will continue to be focused on global natural gas.
If you’re looking for the newest hotspot for onshore oil and gas development anywhere in the United States, from a target within the emerging Mississippian Lime of Oklahoma and Kansas to a new location in the more established Marcellus Shale of the Mid-Atlantic and Northeast, NGI’s Shale Daily has a new resource to help identify drilling trends.
The Utica Shale may be “the best treasure of American energy,” Chesapeake Energy Corp. CEO Aubrey McClendon said Thursday.
A key legislator in Pennsylvania said he plans to introduce a bill to create a nine-member Marcellus Shale Health Advisory Panel in the near future, a move suggested in the past by both Gov. Tom Corbett and the Marcellus Shale Advisory Commission (MSAC).
Access Midstream Partners LP, formerly Chesapeake Midstream Partners LP, reported that net income jumped more than 25% year/year in part because of increased business in the Marcellus and Barnett shales.
The Bureau of Ocean Energy Management (BOEM) said Monday a team of scientists has embarked on a three-week expedition to study marine life in the Hanna Shoal area of the Chukchi Sea, a prerequisite to opening areas in offshore Alaska to oil and natural gas leasing.
Landowner groups in Ohio say they are battling it out with Chesapeake Energy Corp., the largest leaseholder in the Utica Shale, over the company’s attempts to renegotiate leases to expand acreage and increase the size of drilling units.