Warned

Oilfield services giant Nabors Industries Ltd. last week warned that operating results for the second quarter will fall below consensus estimates because of a “pronounced” shortfall in the pressure pumping and top drive completion service lines.

Oilfield services giant Nabors Industries Ltd. on Tuesday warned that operating results for the second quarter will fall below consensus estimates because of a “pronounced” shortfall in the pressure pumping and top drive completion service lines.

As states proceed with a collective effort to buy natural gas vehicles (NGV) for government fleets, Wyoming Gov. Matt Mead on Tuesday warned that state efforts to stimulate the spread of alternative fuel vehicles should not get “ahead of the private sector.”

Caliber Midstream Partners LP, a joint venture (JV) formed by Triangle Petroleum Corp. and First Reserve Corp.’s Energy Infrastructure Fund (FREIF), will focus on midstream and infrastructure opportunities in the Williston Basin of North Dakota and Montana, Triangle said Monday.

Philadelphia Mayor Michael Nutter welcomed the Marcellus Shale Coalition (MSC) and the Shale Gas Insight 2012 Conference last week, but he warned the industry to do more to earn the public’s trust that hydraulic fracturing (fracking) is safe.

Two industry executives last week lauded the economic success brought about by shale gas development, but warned that continuing success depends in large part upon educating the public about hydraulic fracturing (fracking), training future regulators and policymakers, and being able to export liquefied natural gas (LNG).

Two oil and natural gas industry executives lauded the economic success brought about by shale gas development, but warned that continuing success depends in large part upon educating the public on hydraulic fracturing (fracking), training future regulators and policy makers, and exporting liquefied natural gas (LNG).

The U.S. Fish and Wildlife Service (FWS) said Wednesday the dunes sagebrush lizard (DSL) does not need to be listed on the Endangered Species Act after New Mexico and Texas voluntarily agreed to protect the animal’s habitat.

Wyoming Gov. Matt Mead warned his state agencies to prepare for making 8% cuts in their budgets in response to a dwindling revenue stream due to inordinately low natural gas prices. The average expected gas prices since the new budget was calculated in January have plummeted to below $2/MMcf, compared to $3.25/MMcf.