To shore up its liquidity and maintain its pace during the commodities downturn, National Fuel Gas Co. (NFG) subsidiary Seneca Resources Corp. has entered into a joint development agreement (JDA) with an affiliate of Dallas-based IOG Capital LP to drill up to 80 Marcellus Shale wells across 10,500 acres in Northern Pennsylvania.
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Ramsey Gas Plant in West Texas Shut In Following Fire
At about 10 a.m. CST Thursday a fire broke out at the 300 MMcf/d Ramsey Natural Gas Processing Plant in the Delaware Basin near Orla, TX. The plant is owned by Western Gas Partners LP, a unit of Anadarko Petroleum Corp.
NatGas Production, Led by Shale States, Soared Again in September, EIA Says
U.S. dry natural gas production in September continued a stretch of record breakers, reaching 2.29 Tcf (76.3 Bcf/d), the highest of any September since the Energy Information Administration (EIA) began reporting such production data in 1973, the agency said.
California Governor Reiterates Fracking Support
In an online interview prior to joining the climate change talks in Paris, California Gov. Jerry Brown reiterated his support for the use of hydraulic fracturing (fracking) by the oil and natural gas industry.
Ohio Production Through Third Quarter Tops 2014 Volumes
Ohio’s horizontal shale wells have produced more oil and natural gas through the first nine months of the year than all of Ohio’s wells produced in 2014, according to third quarter production data released Thursday by the Ohio Department of Natural Resources (ODNR).
‘Multiple Acquisitions’ in Global Oil, NatGas Pipeline, Say Senior Execs
Most global oil and gas companies are poised for dealmaking in 2016, but volatile commodity prices still pose a significant threat, more than 100 senior energy executives said in a recent survey.
Luster of North Dakota’s Tyler Shale Fades on Low Prices
The same horizontal drilling and hydraulic fracturing technologies that unlocked gushers across North America’s unconventional plays have so far turned up meager results in North Dakota’s Tyler Shale in Slope County.
NGI The Weekly Gas Market Report
Dry NatGas Production Hit Yet Another Record High in September, EIA Says
U.S. dry natural gas production in September continued a stretch of record breakers, reaching 2.29 Tcf (76.3 Bcf/d), the highest of any September since the Energy Information Administration (EIA) began reporting such production data in 1973, the agency said.
Shell to Close Appalachian Headquarters By Next Year
Royal Dutch Shell plc confirmed Wednesday that it plans to close its Appalachian headquarters in Western Pennsylvania next summer, citing an “ongoing drive to enhance competitiveness” during the commodities downturn.
Schlumberger to Lay Off More People as Upstream Investments Disappear
Schlumberger Ltd., the world’s largest oilfield services operator, plans to reduce its workforce even more on the expectation for less activity in 2016, the president of operations said Tuesday.