With growing attention being paid to tremors thought to be associated with drilling waste injection wells, the Railroad Commission of Texas (RRC) has made good on its promise to hire a seismologist to study the issue.
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Census Data Shows Energy Boom Fueled Historic Growth After Recession
The nation's energy boom, stoked by technological advances both onshore and offshore, drove significant economic growth for the oil and gas industry, which also fueled a corresponding population boom in resource-rich areas such as North Dakota and Texas between 2007 and 2012, according to the U.S. Census Bureau.
Soros Stakes Claim in Penn Virginia
Onshore independent Penn Virginia Corp.'s (PVA) shares continued to strengthen on Friday, four days after noted investor George Soros disclosed his firm now controls close to 9.18% of the company.
EIA: Most Shales Primed For Higher Production in 2014
Production from five of the top six major tight/shale oil and natural gas regions in the United States are projected to increase over the next year, reaching totals comparable to nations on the world stage, according to data from the U.S. Energy Information Administration (EIA).
Led by Wattenberg, U.S. Onshore Now Driving Anadarko
Anadarko Petroleum Corp. plans to spend 60% of its 2014 capital budget — $8.1-8.5 billion — in the U.S. onshore, particularly the No. 1 asset, Colorado’s Wattenberg field, the company said Tuesday.
BP Takes Up Gauntlet in U.S. Onshore
With one-third of its global energy reserves in the U.S. onshore, BP plc is preparing to do battle with shale-focused independents by separating its domestic operations, management said Tuesday.
Texas Operators Remained Focused on Completions in January
Crude oil and natural gas production in Texas both showed gains in December from year-ago levels, and 2013 production of oil was up significantly while natural gas production declined from 2012 levels, according to preliminary data from the Railroad Commission of Texas (RRC).
EXCO Sees Eagle Ford Light at End of Production Tunnel
At the close of a turbulent year, EXCO Resources Inc. ended 2013 with production decreases and a rising tide of red ink, but moves it made in the Eagle Ford Shale last year may be the light at the end of the tunnel, company officials said.
Williston Wells Work Better with Slickwater, Halcon Finds
Houston-based Halcon Resources Corp. has raised estimated ultimate recoveries (EUR) in its Williston Basin and East Texas Eagle Ford plays through increase drilling and completion efficiencies, particularly slickwater fracks, executives said Thursday.
Forest Oil Trips On Faulting in Eagle Ford
Shares of Denver-based Forest Oil Corp. lost nearly 38% of their value Wednesday after the company said it was deferring drilling in the Eagle Ford Shale while it mulls 3D seismic data and evaluates recent well completion designs due to poor well performance. Capital is to be redirected from the South Texas play to liquids-rich opportunities in the Ark-La-Tex.