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Category Archives: Marcellus activity
More Deals Coming In The U.S. Energy Space
With the abundance of shale oil and gas producers in the US, and the deep pockets of Total, the company should have no trouble finding one, if not several, companies that would make sense to acquire. As more wells are … Continue reading
Posted in Marcellus activity, Utica Shale
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Williams Partners completes two natural gas pipeline expansions
Williams Partners L.P. (NYSE: WPZ) announced that it has placed into service two expansions on its Transco natural gas pipeline, adding a combined 598,500 dekatherms per day of firm transportation capacity to serve markets in the southeastern United States. via … Continue reading
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Marcellus activity boosts EQT’s bottom line
Natural gas sales rose 43 percent from last year, but a major boost came for the natural gas producer and distributor from Marcellus Shale sites. They accounted for around 37 percent of natural gas sales, nearly triple the 13 percent … Continue reading
Posted in Marcellus activity, Pennsylvania
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Range Resources’ 1Q Production Up 17%
Range brought on line a number of wells in the southwestern Marcellus region during the quarter that far exceeded our expectations: 15 horizontal wells were connected at IP rates of 10.1 MMcfe/d, with 27% of production from liquids (we have … Continue reading
Posted in Marcellus activity, Pennsylvania, Utica Shale
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RIGZONE – Musings: Natural Gas Is So 2010; Now It’s All About Liquids-rich Shale
Last week the Baker Hughes U.S. active drilling rig count hit 1,800, up 1.6% from the prior week and up 21.5% over the past year. These were notable achievements. The increases reflect the exploration and development fever that is gripping … Continue reading
More rigs added to US onshore drilling campaign
Shale and Unconventional Activity Heats Up Onshore the US, the number of drilling rigs continues to climb, with Texas leading the bunch with 750 active rigs, an increase of 10 units during the week and 209 year over year. With … Continue reading
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CNOOC inks second shale deal with Chesapeake
Follow the money…massive scale from the other side of the world… US independent Chesapeake Energy NYSE:CHK has signed an agreement with CNOOC Limited NYSE:CEO to sell the Chinese NOC 33.3 percent undivided interest in 800,000 Niobrara Shale acres in the Devner-Julesberg DJ … Continue reading
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Rig Counts Jump
According to the weekly rig report from oilfield services firm Baker Hughes Inc. NYSE:BHI, the number of rotary rigs drilling in the US and Canada increased by 35 rigs this week.In the US, there are 1,732 rigs drilling, which is … Continue reading
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ExxonMobil – growing role of natural gas by 2030
Global energy demand will increase by about 35% in 2030 from 2005 levels as natural gas becomes the world’s second-largest energy source behind oil, ExxonMobil Corp. said as it released its latest yearly energy outlook. Use of gas and other … Continue reading
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North American rig counts jump on shale plays
Expected to surpass Alaska in oil production within the next decade due to the highly prolific Bakken Shale play, North Dakota has 155 active drilling rigs in the state. Nearly doubling the number of active units in one year, all … Continue reading
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