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North American Drilling Market ‘Remains Uninspiring,’ Says Nabors CEO

North American Drilling Market ‘Remains Uninspiring,’ Says Nabors CEO

Nabors Industries Inc., the largest onshore drilling fleet operator and the biggest supplier of pressure pumping equipment, is not optimistic about seeing gains in the U.S. oil or gas patch through the rest of this year, CEO Tony Petrello said Wednesday.

July 25, 2013
ExxonMobil Says Ukraine Could Produce 1.59 Tcf by 2020

ExxonMobil Says Ukraine Could Produce 1.59 Tcf by 2020

ExxonMobil Corp. said it is interested in helping Ukraine develop its oil, gas, shale gas and coalbed methane (CBM) reserves, and estimates the country’s onshore and offshore gas resources could produce 45 billion cubic meters (bcm) (1.59 Tcf) by 2020.

July 16, 2013

U.S. Producers See Growing Regulatory, Infrastructure Threats

The U.S. unconventional boom is far from over, but exploration and production (E&P) operators face a “reality check” from an increasingly stringent regulatory environment and “very real limitations” to domestic natural gas and oil infrastructure, according to BDO USA LLP.

June 10, 2013
U.S. E&Ps See Fracking Rules, Infrastructure Limits as Growing Threats

U.S. E&Ps See Fracking Rules, Infrastructure Limits as Growing Threats

The U.S. unconventional boom is far from over, but exploration and production (E&P) operators face a “reality check” from an increasingly stringent regulatory environment and “very real limitations” to domestic natural gas and oil infrastructure, according to BDO USA LLP.

June 5, 2013

Most Challenges, Promise in Northeast, Says Williams Exec

No place in the entire world has better dry or wet gas potential than the Marcellus Shale, now “four years into a 50-year play,” but ensuring that there’s enough infrastructure for adequate takeaway will take some time, a top Williams executive said last week.

May 27, 2013

Interior Chief Assures Fracking Rules in ‘Weeks, Not Months’

The Interior Department is “very close” to releasing rules governing the use of hydraulic fracturing (fracking) of oil and natural gas wells located on public lands, Secretary Sally Jewell said last Tuesday in her first appearance before Congress. A New Jersey congressman, who said he saw a leaked copy, indicated last week that the draft rules appeared to be a water-downed version of the rules proposed last year.

May 13, 2013

Jewell: Interior to Issue Fracking Regulations ‘Very Soon’

The Interior Department is “very close” to releasing rules governing the use of hydraulic fracturing (fracking) of oil and natural gas wells located on public lands, Secretary Sally Jewell said Tuesday in her first appearance before Congress.

May 8, 2013

Survey Finds Public Support for Keystone XL, Fracking

The Obama administration’s final decision on the controversial Keystone XL oil pipeline is yet to be revealed, but a significant majority of Americans favor its construction, according to the results of a survey released Tuesday by the Pew Research Center.

April 5, 2013

Key Drilling Ban Cases Heating Up in New York Courts

Supporters and opponents of shale development in New York State will get their day in court on Thursday, when a state appellate court in Albany takes on two key cases that could ultimately decide how much power municipal governments may wield in regulating oil and natural gas activities.

March 21, 2013

Trucker Killed in Storage Tank Explosion at EQT Well in West Virginia

A tanker truck driver was killed after a storage tank at an EQT Corp. natural gas well in West Virginia exploded on Friday morning.

February 19, 2013
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