- Tight Gas & Oil
- Gas Hydrates
Competition from Africa, Iran limits markets for light, tight oil from North American shale plays.
The proposal requires operators to find and repair leaks, capture natural gas from the completion of hydraulically fracked wells, lower emissions from new and modified pneumatic pumps and reduce emissions from equipment such as compressors and pneumatic controllers.
Miller Energy was closing in on $165 million in financing in the summer until the lender pulled out, citing an SEC investigation and the involuntary bankruptcy of a subsidiary.
Chinese companies’ shale development effort comes as slumping commodity prices have caused others to lay down rigs and forgo completions in the U.S. and pull away from emerging shale plays elsewhere.
The activity increase in the Cotton Valley play, where higher bottomhole pressures are encouraging use of crosslink gels, has offset declines in the Barnett and Fayetteville shales.
Demand for drilling services remains flat and at extremely low levels in dry gas basins, including the Haynesville, Barnett and Fayetteville. Horizontal work in the Fayetteville fell to zero briefly in August.
Denver’s Resolute, battling back debt, could gain $158- to $237 million from the sale of its acreage in the Gardendale area of West Texas, an analyst said.
Through a combination of cash, revolver and proceeds for the sale of its midstream assets—acquired from Royal Dutch Shell—Sanchez’s liquidity will shoot to more than $900 million.
The supply-demand imbalance continues to add to commodity price instability, forcing companies to find more ways to maintain or grow production at a lower cost.
Bill Barrett improves its liquidity with the deal and also announces plans to reduce capex, idle a rig and enjoy robust oil and gas hedges while still growing production.
Energy Transfer tweaks its June offer with $6 billion in cash and will form a partnership that will be treated as a corporation for tax purposes called Energy Transfer Corp. LP.
Thigpen, an oilfield fuel solutions provider, recently changed its market focus to industrial and pipeline integrity projects and has seen business grow tenfold in the past six months.