If U.S. shale plays were students in a classroom, the one blowing the curve on the oil production test would be named Bakken.
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The Ohio House of Representatives overwhelmingly voted in favor of an energy bill that also creates new rules for hydraulic fracturing (fracking) in the state. The bill is to be sent to Gov. John Kasich for his signature.
A bill that would create rules governing hydraulic fracturing (fracking) passed a key committee in the state House of Representatives on Wednesday and is scheduled to be submitted to the full House for a floor vote on Thursday.
First quarter performance from EOG Resources Inc.’s “big four” oil and liquids plays was substantial enough to raise this year’s total company liquids production growth target to 33% from 30% and increase the overall production growth target to 7% from 5.5%.
Perth, Western Australia-based Golden State Resources has received further verification it could be holding a significant shale gas play in the Golden Eagle field in Grand County in southeast Utah. The economics look good, according to a recent petroleum engineering consultant’s study.
The U.S. Environmental Protection Agency (EPA) said Thursday initial test results of water samples taken from 11 households in Dimock Township, PA, do not indicate any levels of contamination from natural gas drilling.
The first test, or “cool-down” shipment of liquefied natural gas (LNG) to the Manzanillo receiving facility is expected this Friday along the southwest coast of Mexico. An initial shipment of 77,000 tons of LNG is slated to come from Peru, which has a long-term contract with the Mexican federal government through Spain-based energy giant Repsol.
January natural gas swan-dived lower Friday as traders noted a continuing deterioration in both the fundamental and technical dimensions to the market. At the close January had fallen 14.0 cents to $3.317 and February had given up 13.3 cents to $3.353. January crude oil added $1.07 to $99.41/bbl.
Two monitoring wells specifically installed to test water supplies deep within an aquifer near natural gas drilling locations in Pavillion, WY, found high levels of benzene and other chemicals, including petroleum-related compounds, according to the U.S. Environmental Protection Agency (EPA) Region 8 office.