Lawmakers in both chambers of the Pennsylvania General Assembly have unanimously passed a bill requiring operators of unconventional oil and gas wells to report their production on a monthly basis, a similar practice in other major producing states. The bill is awaiting Gov. Tom Corbett’s signature.
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Researchers Say Electrodialysis Could Desalinate Frack Water
Researchers from the Massachusetts Institute of Technology (MIT) and Saudi Arabia’s King Fahd University of Petroleum and Minerals said they have found an economical solution for removing salt from water produced when hydraulically fracturing (frack) oil and natural gas wells, according to a paper published this week in the journal Applied Energy.
October 21, 2014
QEP Sells Gas-Rich Midstream Assets to Tesoro for $2.5B
Seeking to improve its financial and competitive positions, Denver-based QEP Resources unit QEP Field Services is selling its natural gas-rich midstream assets to Tesoro Logistic LP (TLLP) in an all-cash transaction valued at $2.5 billion.
October 20, 2014
North American Service Intensity at ‘Unprecedented Levels,’ Says Halliburton Chief
Halliburton Co.’s job board is sold out for equipment in North America as demand continues to increase for the amount of proppant and the amount of stages producers are using to drill and complete their onshore wells, CEO Dave Lesar said Monday.
October 20, 2014
Researchers Develop Tracers to Track Frack Fluid
The National Science Foundation (NSF) said Monday that scientists have developed new geochemical tracers that can identify hydraulic fracturing (fracking) flowback fluids that have been spilled or released into the environment.
October 20, 2014
Cutting Unconventional Well Costs a Balancing Act, Says Accenture
Oil and natural gas operators may be able to reduce the costs to drill and complete unconventional wells by up to 40% by integrating logistics, contractors and materials, Accenture research has found.
October 20, 2014
Mexico’s Alfa Eyeing Funds to Pursue Shale Gas, Other Energy Opportunities
Sparked by Mexico’s recent energy reform, Alfa, a Mexican diversified industrial company with dealings from energy to chemicals to branded foods, said Monday it is looking to raise significant capital to expand its energy production footprint in Mexico, with a focus on shale natural gas.
October 20, 2014
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.
October 17, 2014
Eagle Materials Nearly Doubles Frack Sand Capacity on CRS Acquisition
Dallas-based Eagle Materials Inc. has agreed to pay $225 million to buy hydraulic fracturing (fracking) sand producer CRS Proppants LLC to expand market share in the Permian Basin, Eagle Ford Shale and Midcontinent, as well as nearly double its sand capacity and reserves.
October 17, 2014
New Study Links Fracking to Earthquakes in Ohio
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.
October 17, 2014
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