Monthly Archives: June 2011

The number of rotary rigs drilling for oil and gas increased across the US, while Canada dropped rigs this week, according to a weekly report from Baker Hughes (NYSE:BHI). The number of land rigs working onshore the United States increased … Continue reading →

New technology, coupled with high oil prices, is spurring renewed interest in oil buried deep within San Juan Basin shales. “We’ve always known that there’s hydrocarbons in the shales. We haven’t been able to get it out in economic quantities,” … Continue reading →

Shell and CNPC have signed a Shareholders Agreement to create a 50/50 well manufacturing joint venture. Subject to corporate and governmental approvals, the well manufacturing joint venture will develop an innovative, automated well manufacturing system to improve efficiency in drilling … Continue reading →

Onshore the US, the state that continues to have the most rigs drilling in it is Texas with 838 units. Most activity is contained in various shale formations and unconventional plays with rigs drilling in the Eagle Ford Shale, Haynesville … Continue reading →

In towns across largely rural Greene County and elsewhere in southcentral Pennsylvania that are crucial hubs for transporting the nations natural gas, most people express similar sentiment: They consider pipeline companies good neighbors, but that could change if they become … Continue reading →

The gas-rich land of the Marcellus shale has been some of America’s hottest wildcat real estate in recent years. But if Exxon Mobil’s $1.7 billion purchase is any indication, the days of eye-watering prices are over. The oil titan is … Continue reading →

Exxon Mobil (XOM) announced that they had bought two privately held natural gas companies in the Marcellus Shale in Pennsylvania for $1.7BN, according to a story on Bloomberg. The two companies, Phillips Resources Inc., based in Warrendale, Pennsylvania, and TWP … Continue reading →

Thousands of natural gas wells are expected to be drilled in Pennsylvania over the next few years, requiring a fleet of construction equipment, diesel engines and compressor stations. Together, they could be a large new source of smog-forming emissions along … Continue reading →