- Tight Gas & Oil
- Gas Hydrates
The company plans to produce a new hydraulic fracturing system and a ‘land drilling system of the future.’
Rice wants to purchase Marcellus and Utica acreage but will have several legal challenges and may have to continue to bid on the assets held by bankrupt Alpha Natural Resources.
For the week ending April 15, the North American count dropped to 480, compared to the 1,034 rigs that were pumping about a year ago.