10 Things to Consider About the Marcellus Shale
If the Marcellus Shale were a country, it would rank 8th in the world in terms of natural gas production, producing more than Saudi Arabia.
View ArticleNoble Energy earnings drop despite growing sales
Noble Energy Inc. said its fourth-quarter earnings fell 47 percent on higher exploration costs.
View ArticleFeds launch new well-mapping tool
On Monday, the U.S. Energy Information Administration unveiled a new mapping system on its website that includes the specific location of oil and gas wells, giving users an opportunity to see...
View ArticleWorker remains missing as Chevron well continues to burn
State environmental officials and expert firefighters brought in by Chevron have been continuing to monitor a burning Marcellus Shale natural gas well in Pennsylvania. One worker still is unaccounted for.
View ArticleChesapeake investing in natural gas play as prices rise
Climbing natural gas prices could help Chesapeake Energy profit off a plan to revive the nearly forgotten shale reservoir it had gambled billions of dollars on six years ago. And the seven to nine rigs...
View ArticleReport: Efficiency driving shale production growth
Growing efficiency of horizontal drilling and fracking is driving production increases in basins across the country, the U.S. Energy Information Administration said in a new report this week.
View ArticleChesapeake Energy files to spin off $2.2B oil field unit
Chesapeake Energy filed regulatory documents Monday in preparation for the public spinoff of its $2.2 billion oil field service business, set for an undisclosed date this year.
View ArticleLouisiana shale gas sees a second life
The surge in Gulf Coast petrochemicals and in natural gas fired generation, combined with the expected export of liquefied natural gas, could push up Louisiana’s demand for natural gas, creating a...
View ArticleMarcellus strategy paying off for gas producers
The Marcellus is starting to prove that, given time, its proximity to the East Coast makes it potentially profitable for those who got in early, according to a Moody’s report issued Tuesday.
View ArticleOil companies pay $630M in Pennsylvania drilling fees
Anadarko Petroleum, Chesapeake Energy and others will pay the state of Pennsylvania about $225 million in fees this year for drilling in the gas-rich Marcellus Shale, but critics of state law say they...
View ArticleStudy raises new concerns about emissions from shale gas wells
Researchers found higher-than expected emissions of a potent greenhouse gas emanating from Pennsylvania wells, according to a study published Monday that adds to concerns about the environmental...
View ArticleMoody’s: LNG, power demand driving shift in US gas flow
Moody's says U.S. companies building new natural gas pipelines are finding massive demand to carry supplies to liquefied natural gas terminals and gas-fired power generators in the south, as producers...
View ArticleMagnum Hunter issues $150M in stock to private investor
Oil and gas producer Magnum Hunter announced the sale of $150 million of its common stock to investors as part of a plan to fund a new rig and acreage in the Marcellus and Utica Shales.
View ArticleUS net gas imports drop as production hits record volume
U.S. net imports of natural gas fell 14 percent in 2013, according to a new federal report, as preliminary data showed domestic production of dry gas hit a record high.
View ArticlePoll: Pennsylvanians support drilling, with one caveat
Pennsylvanians support drilling for natural gas by a nearly 2-to-1 margin, but a majority is opposed in one condition, according to a Quinnipiac University poll released Friday.
View ArticleMcClendon venture to enter shale territories in $4.25B deal
The three announced acquisitions are the latest in a series of moves by Aubrey McClendon, one of the first wildcatters to capitalize on the U.S. shale boom, to rebuild his empire after he relinquished...
View ArticleFormer Copano execs get $500M to start new pipeline firm
The executives who sold Copano Energy to Richard Kinder’s pipeline empire for $3.2 billion last year have lined up $500 million to start a new oil and gas pipeline company.
View ArticleNoble, Consol to sell stock in Marcellus pipe partnership
Consol Energy Inc. and Noble Energy Inc., which joined forces in the Marcellus Shale almost three years ago, are planning to offer stock in a natural gas pipeline partnership that handles output from...
View ArticleNew Utica wells rival core Marcellus output
American Energy Partners and a handful of players are racing to snap up land in the southeastern corner of the Utica Shale, where operators have found wet gas and high-performing, affordable wells that...
View ArticleRice Energy snaps up Marcellus land from Chesapeake
Pennsylvania shale gas producer Rice Energy is buying more acreage in the Marcellus Shale for $336 million, its first land grab since its Wall Street debut earlier this year, the company said Monday.
View Article
