Rig Count Declines Again, But at Slower Pace

Rig Count Declines Again, But at Slower Pace

The combined North American oil and natural gas rig tally was down again in the count issued by Baker Hughes Inc. on Friday (Sept. 18), but the drop was less steep than in the previous week.

September 18, 2015
Raymond James Devises Substitute for Rig Count

Raymond James Devises Substitute for Rig Count

The move to horizontal drilling and longer laterals has made the domestic land rig count not so simple anymore, leading Raymond James & Associates Inc. on Monday to launch well and footage count forecasts.

September 25, 2013

Pioneer Gets A ‘Strong Mabee’ on Wolfcamp B Prospectivity

Pioneer Natural Resources Co.’s first horizontal Wolfcamp Shale well in Martin County, TX, — the Mabee K #1H — has been placed on production with an initial rate that the company called “strong,” and an analyst following Pioneer said confirms prospectivity in the county.

May 23, 2013

Talisman Considering Ending Shale Exploration in Poland

Calgary-based Talisman Energy Inc. is considering a plan to exit shale development in Poland, a move that helps the company focus elsewhere but is also a blow to what was once considered Europe’s best source for shale natural gas and a hedge against pipeline gas supplies from Russia.

March 14, 2013

South Dakota Joins Push on Drilling Rules

Lacking anything like the Bakken to its north and not seeing a major new play on the horizon, South Dakota oil and natural gas authorities nevertheless have begun the process for upgrading the state’s exploration and production (E&P) regulations, including adding provisions addressing hydraulic fracturing.

December 24, 2012

Carrizo Drills Exploratory Vertical Well in New York’s Marcellus

Carrizo Oil & Gas Inc. has nearly completed a vertical test well in New York State’s portion of the Marcellus Shale and will make its next move in the play once geological samples are analyzed and regulatory uncertainty in the state clears.

October 12, 2012

Chesapeake Caves to Shareholders; Utica Acreage For Sale

Ahead of the annual shareholder meeting on Friday, Chesapeake Energy Corp. acquiesced to demands of major shareholder groups and Carl Icahn, who now holds 7.8% of the stock, and said four existing independent directors would resign from the board. The company also has put up for sale 337,481 net acres in its prized Utica/Point Pleasant Shale, which would give it less than one million acres in the play.

June 5, 2012

Talisman Favoring Eagle Ford Over Marcellus

Believing natural gas and oil prices will stay at their current levels “for a while,” Talisman Energy Inc. could shift money from the Marcellus and Montney shales to the Eagle Ford Shale next year as its focuses on liquid-rich plays, CEO John Manzoni said Wednesday.

November 7, 2011

ExxonMobil Secures Shale Leases in Ohio

Landowners in Belmont County, OH, which has become a hotbed of activity for prospective shale exploration, are signing leases with ExxonMobil Corp. subsidiary XTO Energy Inc. to allow drilling to begin on their acreage, the company has acknowledged.

September 26, 2011

Sale of Shale Drilling Rights in Alberta Hits New Record

The Alberta Energy Ministry said it has sold a record C$2.68 billion in drilling rights so far this year, eclipsing the previous record of C$2.39 billion set in 2010.

August 29, 2011
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