NAPE, Dan Naatz, IPAA, President, Obama, oil, gas, ground, regulatory, climate change, fracking, budget, Clean Power Plan, coal, federal, Hart Energy, Emily Moser

IPAA: Obama’s Agenda Remains Keeping Oil, Gas In The Ground

The president may have moved forward with healthcare reform when he first took office, but now he’s aggressively pursuing climate change and using the regulatory process to achieve his goal.

2:08 pm
WTI, Henry Hub, oil, gas, prices, production, inventory

Feds: Gasoline Hits 12-Year Low; Crude Inventory Highest Since 1930

U.S. oil stocks are higher than at any time since 1930 and are expected to build even higher by April as WTI feels the pain.

February 9, 2016

Crestwood Battles Basis Degradation In Northeast Marcellus

Senior Vice President Mark Mitchell says current oversupplied market condition posed significant challenges.

February 9, 2016
Chesapeake, bankruptcy, debt, attorney, acquisition, divest

Chesapeake Counters Market Knee-Jerk, Says It’s Not Filing Bankruptcy

A news report that said the company had hired a restructuring attorney sent the price of the stock tumbling, but Chesapeake countered it had no intention of filing for bankruptcy.

February 8, 2016
oil tax, Obama, price, commodity, climate change, Republican, Congress, election

Obama’s $10 Oil Tax Would Be ‘Death Sentence’ To Industry

President Barack Obama is proposing to pay for clean energy investments by placing a $10 per barrel oil fee as the industry grapples with low prices. Congressional leaders said the plan is dead on arrival.

February 5, 2016
A&D, Devon, Encana, RBC, Craig Lande, 2016, oil, gas

Moving On: Why A&D Activity Will Increase In 2016

Craig Lande, managing director at RBC Richardson Barr, says A&D will be different in 2016: capital markets are tightening, 20% of production is hedged and demand is hopelessly outmatched by supply.

February 4, 2016
John Paisie, Stratas Advisors

Giving Oil And Gas Executives A Gameplan For 2016

At Hart Energy’s Viewpoint Executive Energy Club, Stratas Advisors directors gave industry executives a wide-ranging view and key to competing in the upcoming year.

February 4, 2016
schlumberger, Keane, private equity, A&D, oilfield services, pressure pumping

Oilfield Service Companies Buy Now To Live Another Day

Pressure pumpers are seeing bids cluster, a signal that concessions for E&Ps may have bottomed and that some oilfield service companies may start to fall by the wayside.

February 4, 2016

Growth By Coming Together: MPLX And MarkWest

Marathon Pipe Line’s president Craig Pierson openly discussed one of the year’s largest energy-industry mergers at Hart Energy’s Marcellus-Utica Conference & Exhibition.

February 3, 2016

The Marcellus-Utica’s Growing Canadian Influence

The size of the Marcellus and Utica shales is impressive enough, according to the U.S. Energy Information Administration—the Marcellus has an estimated 354 trillion cubic feet (Tcf) of recoverable natural gas, while the Utica has about 45 Tcfe. As the region’s oil and gas industry has grown, so has its reach. 

February 2, 2016
Midcontinent, needs, 50, oil, before, drilling, revives, Hart Energy, survey, fracking, shale, market

Midcontinent Needs $50 Oil Before Drilling Revives

Rig rates are stable in the Midcontinent, but demand for drilling services remain low. Attitudes are approaching capitulation among service providers who have little expectation that the market will improve anytime soon.

February 1, 2016
Well service, workover, activity, glacial pace, Midcontinent, operators, routine maintenance, survival mode, rigs, fracking, shale, Hart Energy, survey

Well Service Activity Moves At Glacial Pace In Midcontinent

Reality of a subpar 2016 kicks in as Midcontinent operators delay activity. When activity does occur, routine maintenance accounts for 88% of job mix, the highest percentage for any domestic market.

January 29, 2016