E&P

Calgary-based Precision Drilling Corp., whose contract drilling business works in all of North America’s major onshore basins, said Monday it used 14 fewer rigs in the United States and Canada in the first quarter than it did in the final three months of 2015, with more Canadian rigs looking for natural gas.

A Range Resources Corp. executive has released a written apology on the company’s website weeks after he told attendees of a Pennsylvania Bar Institute meeting that the company intentionally avoids siting its well pads next to wealthy neighborhoods where deep-pocketed residents could have the means to challenge development.

The downturn in oil, gas and coal markets continues to strain West Virginia’s financial status, as Standard & Poor’s Ratings Services lowered the state’s general obligation debt and bond ratings last week, citing the energy sector’s weak outlook and the revenue shortfalls it has created in the state budget.

New York state’s Earth Day denial of a Clean Water Act (CWA) permit for the proposed Constitution Pipeline “may not prove to be an insurmountable obstacle,” but it is a “substantial one,” energy analysts said Monday. Constitution Pipeline LLC vowed to fight.

Calgary-based Precision Drilling Corp., whose contract drilling business works in all of North America’s major onshore basins, said Monday it used 14 fewer rigs in the United States and Canada in the first quarter than it did in the final three months of 2015, with more Canadian rigs looking for natural gas.

A Range Resources Corp. executive has released a written apology on the company’s website weeks after he told attendees of a Pennsylvania Bar Institute meeting that the company intentionally avoids siting its well pads next to wealthy neighborhoods where deep-pocketed residents could have the means to challenge development.

New York state’s Earth Day denial of a Clean Water Act (CWA) permit for the proposed Constitution Pipeline “may not prove to be an insurmountable obstacle,” but it is a “substantial one,” energy analysts said Monday. Constitution Pipeline LLC vowed to fight.

U.S. shale production exports will take nearly three-fourths of the most populated Canadian natural gas market, Ontario, within five years, according to the province’s public utilities commission.

Backed with private equity funds, Casillas Petroleum Resource Partners LLC has scooped up some Chesapeake Energy Corp. acreage in the stacked reservoirs of Oklahoma for $106 million.