E&P

A natural gas gathering system with initial capacity of 500 MMcf/d is being developed to service XTO Energy Inc.’s operations in southeastern Ohio, Summit Midstream Partners LLC said Monday.

Range Resources Corp. set the Appalachian Basin’s latest record on Monday, announcing that its first unconventional Utica Shale well in southwest Pennsylvania reached an average 24-hour peak production rate of 59 MMcf/d.

As natural gas development in U.S. shale fields continues to mature, its positive effects on domestic manufacturing are expected to escalate over the next 25 years, PwC US said Thursday.

An Irvine, CA-based company is touting a licensing agreement with a Dresser-Rand Group unit that makes small turbines as opening the door for smaller, decentralized power generation using otherwise unusable waste gas.

While delays of export terminal projects sink hopes for rapid overseas sales of Canadian liquefied natural gas (LNG), plans to fill tankers with oilfield liquids remain afloat on the Pacific Coast of British Columbia (BC).

An omnibus bill making its way through Ohio’s General Assembly that critics argued had ballooned into legislation catering to special interests, including the oil and gas industry, has stalled in the state Senate, where lawmakers said they need more time to sift through its hundreds of pages.

Several publicly traded onshore exploration and production (E&P) companies are signaling big cutbacks to their 2015 capital spending plans, and some private operators are expecting to see activity reined in sooner rather than later.

Reward doesn’t come without risk, and where hydraulic fracturing (fracking) is concerned there is sometimes too much emphasis on the latter while the former is not fully appreciated, according to a study by the Vancouver, BC-based Fraser Institute.

More than half of all Pennsylvania certified public accountants (CPA) surveyed in a recent poll said they support Democratic Gov.-elect Tom Wolf’s plan to implement a 5% severance tax on oil and natural gas production in the state, identifying it as a leading option to close the state’s nearly $2 billion budget deficit.