E&P

Kinder Morgan Inc. CEO Rich Kinder didn't see the shale revolution coming, not for U.S. natural gas, nor for crude oil, the CEO confided at the IHS CERAWeek conference last week during a discussion with IHS Vice Chairman Daniel Yergin.

With the pullout of a natural gas supplier, plans for a gas-to-liquids plant for turning natural gas into diesel fuel in Cheyenne, WY, have hit another potential roadblock, but its principal backer says the $1.8 billion project will move forward.

Stung by low demand for land drilling services across North America, Precision Drilling Corp. has consolidated three operating facilities, reduced its salaried workforce by 14% and cut its field employees by 2,500, but CEO Kevin Neveu said Monday he's hopeful he can bring back many of those laid off once activity levels improve.

To improve competitiveness in the oil and gas industry, don't work separately, work together, Statoil ASA CEO Eldar Saetre said…

The Natural Resources, Agriculture and Mining Committee in the Nevada legislature heard a proposal (SB 44) Thursday that already has passed the state Senate to authorize state oil/gas regulators to increase permitting fees for drilling.

One of the top exporters of Appalachian coal is about to get into another business: exporting liquefied natural gas (LNG), supplied with source gas from the Marcellus and Utica shales, by 2018.

It's too early for natural gas lovers to gloat, but judging by the latest Baker Hughes Inc. rig count from Friday, the dry stuff could be making a bit of a comeback…

Basic Energy Services Inc., which provides well site services across the U.S. onshore, is jockeying for business as vendors duke it out in an increasingly harsh market, CEO Roe Patterson said.

The count of active rigs drilling for either oil or natural gas in the Lone Star State busted below the 400 barrier in the latest Baker Hughes Inc. rig count as the rout continued in the nation's oil patch. The U.S. crude-directed rig count fell 31 to 703 in the latest count.