The UK’s leading energy retailer, Centrica, is taking a bet that shale gas resources in the country’s Bowland Basin are the real deal after making a hefty commitment in explorer Cuadrilla Resources Ltd.
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U.S. Interior Secretary Nominee is a Former Fracker
President Obama’s nominee for Interior secretary, Sally Jewell, former CEO of Recreational Equipment Inc. (REI), told a Senate panel Thursday that she can do something that probably no other department nominee could: hydraulically fracture (frack) a well.
‘Human Experience Factor’ Playing Big Role in Drilling Efficiencies
U.S. onshore horizontal drilling has improved steadily across every category, in part because of improvements in technology, but the “human experience factor” appears to be playing a substantial role as well in moving well times and depth curves to the left, according to an analysis by Tudor, Pickering, Holt & Co. (TPH).
Tradition Secures Midstream Financing
Tradition Midstream LLC said it has secured $100 million in equity financing to develop infrastructure across North America, with an initial focus on unconventional plays in Texas, Oklahoma and Louisiana.
Gulfport, Seneca Announce Encouraging Utica Shale Results
In separate announcements, Gulfport Energy Corp. and Seneca Resources Corp. reported that they are achieving encouraging production results from some of the first horizontal wells drilled in the Utica Shale.
DOE Asked to Explain Criteria for Approving, Rejecting LNG Exports
Oregon Sen. Ron Wyden has sent a letter to the Department of Energy (DOE) to “understand the criteria” used to determinate whether liquefied natural gas (LNG) exports to a non-Free Trade Agreement (FTA) countries “are in the public interest.”
Obama Pushes Senate to Pass Cybersecurity Bill Before Recess
President Obama Friday called on the Senate to pass comprehensive legislation aimed at protecting critical national infrastructure, including energy facilities, from cyber attacks prior to leaving for its August recess.
Researchers: North Carolina Should Weigh Drilling, Fracking Risks
Lawmakers in North Carolina should consider several health and environmental measures as they weigh the legalization of horizontal drilling and hydraulic fracturing (fracking) in their state, researchers at Duke University said in a new report.
Bakken Shale Pushing North Dakota Oil Production Higher
Riding the Bakken shale rush, North Dakota appears in a good position to jump up to the second biggest oil producing state in the nation behind only Texas. If the upper Midwest state achieves that status next year as expected, it would leapfrog over both Alaska and California, something that would have been unthinkable five years ago.
Hess Snaps Up More Unconventional Acreage
In two days’ time Hess Corp. has acquired stakes in almost 185,000 net acres in the Ohio portion of the Utica Shale, the latest deal adding 85,000 more acres to its prospective leasehold.