Permian Basin-focused Energen Resources Corp., said Wednesday its first well to test the upper Wolfcamp Shale in the Midland Basin and three upper Wolfcamp wells in the Delaware Basin have shown “excellent results.”
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Hours ahead of EQT Corp.’s second quarter conference call on Thursday, the company tied into sales its first Utica Shale well, the CEO said.
With a flat U.S. horizontal rig count and a lower-priced backlog still to be worked through, the oilfield services sector didn’t have a lot of “classic” catalysts to propel them in 2Q2013, according to a preview by Tudor, Pickering, Holt & Co. (TPH).
While the United States has undergone a “tectonic shift” underground with the shale revolution, that shift has failed to translate to attitudes above-ground, Sen. Lisa Murkowski (R-AK) she told a crowd of more than 900 from around the world attending the Energy Information Administration Energy Conference in Washington, DC.
The Environmental Protection Agency’s (EPA) report on the potential impacts of hydraulic fracturing (fracking) on drinking water resources will likely be finalized in 2016, the agency said Wednesday.
BG Group strategy going forward will be to run with a simplified organization while improving operations and portfolio management. Exploration is at the “heart” of what BG Group does, Group CEO Chris Finlayson said last week. But global liquefied natural gas (LNG) also is crucial to growth, he said.
The U.S. Geologic Survey’s (USGS) assessment of the Williston Basin’s Bakken Shale and Three Forks formation in North Dakota, Montana and South Dakota, which combined was estimated at 7.4 billion bbl of technically recoverable oil, is “very conservative,” according to North Dakota’s chief oil and gas regulator.
While there continues to be uncertainty among more than a half-dozen proposed West Coast projects in British Columbia, the backers of two long-standing liquefied natural gas (LNG) export-import projects in Oregon told NGI Wednesday they are alive and well and several steps ahead of their competitors in western Canada.
A measure aimed at stabilizing food prices while enhancing America’s energy security and global competitiveness by allowing ethanol produced from natural gas to compete with corn-based sources was reintroduced Tuesday in the House of Representatives with bipartisan support. However, whether the bill has legs is up for debate as a similar measure, HR 3773, failed to find traction last year.