A study published in the journal Seismological Research Letters suggests that horizontal hydraulic fracturing (fracking) in Ohio’s Utica Shale triggered a series of 400 small earthquakes in Harrison County over a two-month period last year.
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Articles from E&P
Marcellus Shale Projects Boosting Building Trades
While construction projects and jobs in non-shale gas related industries declined sharply from 2008 to 2014, tradesman in five states within or near to the Marcellus Shale worked more hours and benefited heavily from investments in the formation’s development, according to a new study.
New Mexico County Oil/Gas Ban to Be Short-Lived, Industry Rep Says
More than a year after becoming the only local jurisdiction in New Mexico to ban all oil and natural gas activity, Mora County’s three-member elected commission voted last Tuesday against repealing the ban it passed in April 2013. However, an industry representative predicts that the ban will be repealed next year.
Volatile Commodity Prices May Impact 2015 Onshore Spending Growth, Says Schlumberger CEO
Whether domestic exploration and production companies will slow 2015 capital expenditures if cash flows slow on low commodity prices is too early to say, but any concerns by operators likely will impact spending growth rates, Schlumberger Ltd. CEO Paal Kibsgaard said Friday.
Joint Industry Project Would Quantify Fracking Risks
The oil and natural gas industry, and other stakeholders, should collaborate to quantify potential risks of hydraulic fracturing (fracking), according to DNV GL, a global maritime and oil/gas safety consulting and accreditation organization.
Antero NatGas Output Continues Rising, Liquids Production Climbing Sharply
Antero Resources Corp. reported surging natural gas production once again during the third quarter, with volumes reaching 1.08 Bcfe/d, up 21% from the second quarter and almost double from year-ago volumes (see Shale Daily, Aug. 8; Nov. 8, 2013).
Southwestern Pays Chesapeake $5.375B for Marcellus/Utica Dry Gas Package
Chesapeake Energy Corp. on Thursday agreed to sell a wide swath of its dry natural gas-heavy assets in southern Pennsylvania and northern West Virginia to Southwestern Energy Co. for $5.375 billion, a sale that has been anticipated for months.
Illinois Panel Postpones Vote on Fracking Rules Until After November Elections
A legislative panel in Illinois has delayed a vote on revised rules governing hydraulic fracturing (fracking) until its next meeting in November, following state and national elections.
North America Onshore Geological Risk Lower Than Ever, Says Baker CEO
No matter how volatile the global political scenario becomes for oil and gas markets, North America will remain in a more solid position because the unconventionals have provided operators with predictability that can’t be found anywhere else in the world, Baker Hughes Inc.’s CEO said Thursday.
North Dakota Officials Eye Oil Price Declines; Fear Rig Cutback
Bakken sweet crude oil on Wednesday was fetching $66.25/bbl, prompting North Dakota’s chief oil/natural gas regulator to spend most of his time during a monthly production webinar lamenting the possibility of future slowed production in the state’s otherwise uninterrupted oil boom.