September was the 22nd consecutive month that saw a decline in the Texas Petro Index (TPI), a barometer of upstream oil and natural gas activity in the Lone Star State. No one in the energy patch is going to call this recovery a quick one.
Articles from Waiting
Driven by the Bakken Shale play, North Dakota’s oil and natural gas production continued to soar in May, but well completion rates were slowing amid a continued boom for drilling new wells, according to the latest monthly report from the state’s Department of Mineral Resources (DMR).
Carrizo Oil & Gas Inc. raised second quarter oil production guidance to 10,800-11,200 b/d from 9,600-10,000 b/d, increased its 2013 crude oil production growth target to 40% from 28% and raised its total 2013 production growth target to 10% from 6%, based largely on results in the Eagle Ford Shale.
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 Tuesday.
A Maryland circuit court judge listened to lawyers for Dominion Resources Inc. and two environmental groups on Monday, the opening salvo in lawsuit over a proposed natural gas liquefaction facility, but ultimately decided to take the case under advisement.
North American gas producers drowning in oversupply and low prices will be waiting a while before any liquefied natural gas (LNG) export tankers come to their rescue. And even then, whatever modest price support materializes could be overwhelmed by yet more supply growth, some energy analysts are saying.