- Tight Gas & Oil
- Gas Hydrates
Marcellus operators are coping with the current downturn by targeting more formations in the stacked play Appalachian Basin, drilling as many as nine wells per pad with three separate formations as objectives.
Refracking makes up a small percentage of the total hydraulic fracturing market, but that could change in future years.
Former chief Texas regulator Barry Smitherman says exports and the migration from coal to natural gas pave the way to the future.
Potential buyers have had to cut employees, and so far few companies are going out of their way to aggressively buy frack fleets or other equipment.
After three years and $2.2 billion spent buying Eagle Ford, Permian and Arkoma Basin assets, Atlas plans to use $35 million in proceeds to pay down debt.
Well stimulation levels, pricing, and completion techniques have reached equilibrium in the Marcellus. With activity stabilizing, service providers think pricing could rise as activity builds back later this year.
Gov. Greg Abbott signs a bill that erases November’s Denton, Texas, hydraulic fracturing ban but many ordinances, particularly subsurface oil and gas regulations, may also be history.
According to a new IHS report, more than 170 mature oil plays worldwide have the potential from horizontal drilling and hydraulic fracturing to produce as much as 141 billion barrels of oil.
Routine maintenance now accounts for more than two-thirds of job share for Appalachian Basin well service contractors as operators reduce activity to only do work that is necessary to sustain production.
Analysts at Wood Mackenzie break down breakeven points in various shales, saying the Eagle Ford is built to last and that the sector is coping with collapsed oil prices.
Despite the decline in drilling activity throughout the state, some operators in the Anadarko Basin have discovered new formations and completion methods to survive the current commodity price downturn.
An analyst argues that Noble’s D-J Basin assets may not have the firepower touted by the company, while another says the merger may prove to be the way large deals get done.