Shale Daily

Two big U.S. oilfield services operators are expecting lower profits for the first three months of this year because of the severe winter weather.

Even as business leaders and local officials throughout the Appalachian Basin dream of the role shale gas could play in a petrochemical revolution for the region's manufacturing industry, it could be decades, if ever at all, before that happens, according to remarks from top executives in the midstream industry.

The Kentucky House has voted to approve HB 31, which if enacted would strip the rights of natural gas liquids (NGL) pipelines to use eminent domain. If approved by the state Senate and signed into law by Gov. Steve Beshere, who has indicated he wants the legislation enacted, it may impact the proposed route of…

Higher spot prices for natural gas last year stimulated production from shale plays — particularly the Marcellus and Eagle Ford — lifting total U.S. gas supplies to record levels. However, futures prices fell, and that is expected to encourage long-term demand growth, according to the latest State of the Markets report from FERC staff.

Onshore independent Penn Virginia Corp.'s (PVA) shares continued to strengthen on Friday, four days after noted investor George Soros disclosed his firm now controls close to 9.18% of the company.

The U.S. onshore oilfield sector was the first to adopt technological advances, an advantage that remains important today for the supply/demand dynamics of domestic operators, Fitch Ratings analysts said Thursday.

This year's record-setting gas storage withdrawals, combined with developing acreage positions, superb reservoir quality and the momentum…

Pennsylvania's impact fee on unconventional natural gas wells is lower than the severance tax rate levied by 10 states for natural gas extraction, according to a report released Thursday by the state's Independent Fiscal Office (IFO).

A five-inch crack in a crude oil pipeline in southern Ohio, owned and operated by Sunoco Logistics Partners LP, was the source of a 10,000 gallon (240 bbl) leak discovered on Monday in a stream that contaminated part of a nature preserve in Colerain Township, just north of Cincinnati, local officials said.