Hydraulic fracturing (fracking) services that have been under pressure in North America’s natural gas basins now are seeing some of the same impacts in the liquids-rich basins, Schlumberger Ltd.’s CEO said Friday.
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Haynesville Drives Record Net Production Volumes for EXCO
EXCO Resources Inc. saw record net production volumes during 3Q2011, helped in large part by strong results in the Haynesville/Bossier shale play in Louisiana and Texas and growing momentum in the Marcellus Shale, where it is seeking additional acreage.
November 7, 2011
SM Energy Raises Spending; Analysts Note Efficiency
SM Energy Co. raised its guidance for 2011 and introduced plans for 2012 that surpass what analysts were expecting as company executives emphasized a sharpened focus on the Eagle Ford Shale in South Texas.
August 3, 2011
Encana Finding Innovative Ways to Combat Cost Creep
The management team at unconventional natural gas giant Encana Corp. has raised its cost outlook for both the United States and Canada and said last week the labor and supply markets are as tight as they’ve ever been. However, the company is fighting back by using cutting edge technology to drill wells in less time and at a lower cost.
July 25, 2011
Range Increases Unproved Resource Potential in Shale Plays
Range Resources Corp. said its estimated unproved resource potential at the end of 2010 reached 35-52 Tcfe, versus 2009’s estimate of 24-32 Tcfe, which was fueled by stronger drilling results. By itself, the resource potential in the Marcellus Shale leasehold jumped to 20-31 Tcfe on higher per/well reserves.
February 11, 2011
‘Blistering Hot’ Pressure Pumping Market, Says National Oilwell Exec
Drilling equipment demand in the global offshore, combined with unstoppable pressure pumping activity across North America, boosted the year/year performance for Houston’s National Oilwell Varco (NOV).
February 7, 2011
Range Tips Its Hat to Marcellus for Reserves Growth
Last year Range Resources Corp. grew proved reserves 42% to 4.4 Tcfe and replaced 931% of its production for the year, the company said Tuesday.
January 26, 2011
Ruby Financing Ready to Go
El Paso Corp. turned its recent losses on their head in 1Q2010, reporting Thursday that it had net profits of $388 million (54 cents/share) versus a loss of $969 million (minus $1.41) in the year-ago period.
May 10, 2010
El Paso ‘Certainly’ Cash Flow Positive by 2012, Says Foshee
El Paso Corp. turned its recent losses on their head in 1Q2010, reporting Thursday that it had net profits of $388 million (54 cents/share) versus a loss of $969 million (minus $1.41) in the year-ago period.
May 7, 2010
Global Offshore Spending Seen Up 32% in Next Five Years
Global offshore energy spending will rise by almost one-third between now and 2013 versus 2004-2008, despite cuts in capital spending budgets, according to an analysis by Douglas-Westwood.
April 20, 2009
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