- Tight Gas & Oil
- Gas Hydrates
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.
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.
Senior Vice President Mark Mitchell says current oversupplied market condition posed significant challenges.
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.
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.
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.
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.
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.
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.
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.
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.
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.