Thought

Production of oil, natural gas and condensate continues trending upward in the Eagle Ford Shale, according to Railroad Commission of Texas (RRC) data. During the first four months of this year, daily oil production surpassed that seen in 2012 and daily production of natural gas nearly met the 2012 level.

Two separate polls conducted by Quinnipiac University show voters in New York and Ohio have very different opinions of shale gas development, with almost two-thirds of Ohioans saying the economic benefits outweigh any environmental concerns, while nearly half of New Yorkers opposed to drilling.

Despite the threat of legal action from Gov. John Hickenlooper, the city council of Fort Collins, CO, has adopted a resolution banning hydraulic fracturing (fracking) within city limits.

With production out of the nation’s shale plays holding down natural gas prices and electricity generation becoming ever more dependent on inexpensive gas, coordination between the two markets will continue to be a top priority and a series of other issues need to be resolved, according to panelists at the Energy Bar Association (EBA) Mid-Year conference in Washington, DC, Friday.

The North America oilfield services market “eroded more than we thought” in 3Q2012, and the spending decline may not turn around before next year, according to the research team at Tudor, Pickering, Holt & Co. (TPH).

The North America oilfield services market “eroded more than we thought” in 3Q2012, and the spending decline may not turn around before next year, according to the research team at Tudor, Pickering, Holt & Co. (TPH).

The North America oilfield services market “eroded more than we thought” in 3Q2012, but the spending decline could turn in January, said the research team at Tudor, Pickering, Holt & Co. (TPH).

Ohio University (OU) said last week for the next five months the campus heating and power plant plans a switch from coal and will run entirely on natural gas.

Skepticism of conventional wisdom is rarely out of place, particularly in the energy patch. But when the oil and gas industry is dealing with consumers, citizens and landowners, sincerity is the order of the day.