- Tight Gas & Oil
- Gas Hydrates
Of the major shale plays, the Utica is expected to show gas production increases in June, July and August, the EIA said. Though by September, production in the play will also start to slip.
The transaction will expand Schlumberger’s revenue base by more than 20%, Paal Kibsgaard, the company’s CEO and chairman, said in a press call. Schlumberger expects cost synergies of $900 million over two years
The Climate & Clean Air Coalition Oil & Gas Methane Partnership said it has identified several low-cost, quick-payback projects that lower methane emissions.
After a decade in the Haynesville, the company shifted from natural gas to a broader asset base that included liquids. The company also gains relief from obligations to its midstream assets.
Though a majority of Hart Energy survey respondents said pressure pumping services has been stable in the Bakken, several noted that operators indicate they will begin postponing well completions.
AGL is planning to spend $670 million on interstate pipeline construction projects, including infrastructure from the Marcellus and Utica and that could grow volumes moving to the Southeast, Midcontinent and Eastern Canada.
With a cookie-cutter model comes marginal price economics, says Thrust Energy CEO Manatt.
E&Ps remain in character, with many saying they will continue to outspend cash flows and pump up production. Some are planning to put assets on the market, but potential buyers aren’t sure that prices are low enough.
For the oil and gas sector, this could mean making drilling adjustments on the spot. It could also mean collecting data from various sources, analyzing it and using that knowledge to grow production and revenue.
The farm-in deal comes in the wake of reports that McClendon was eyeing Australia’s McArthur Basin as a shale hotspot for his first venture out of the U.S.
The API said that the industry has achieved significant reductions in methane releases. 'The oil and gas industry is leading the charge in reducing methane,' said API's Gerard.
The window for equity capital is narrowing, companies are declaring bankruptcy and yet overwhelming numbers of U.S. E&Ps beat production estimates the second quarter of 2015.