- Tight Gas & Oil
- Gas Hydrates
Researchers find that water volumes for fracking within watersheds across the U.S. range from as little as 2,600 gallons to as much as 9.7 million gallons per well.
FourPoint Energy transforms its Anadarko Basin toehold into a firm boot print, but for Chesapeake it’s uncertain how much in proceeds the company will receive for its outside backed subsidiaries.
In six years, Rice Energy has become a Top 25 producer of natural gas in the U.S. with operations focused in the Appalachian Basin.
All eight respondents in the survey said that demand for well service had stabilized in the last few weeks after generally declining quarter-to-quarter. No change to rig pricing or job mix, which is predominately routine well maintenance.
Chesapeake Energy, a top-tier operator in the Appalachian Basin’s Marcellus and Utica shale plays, is focusing on cost control, rock quality and operational changes.
Companies are motivated by ambition and opportunity, while sellers are trying to get ahead of debt or stay afloat in a turbulent year for A&D.
Companies are focusing on enhanced completions among other techniques and technology to boost production in the Marcellus and Utica shale plays, but cluster efficiency remains an area of concern.
Rig pricing has bottomed, though anticipation of a price recovery now stretches out to mid-2016 on the basis of too many rigs, too much oil, and low commodity prices, say service providers.
Eclipse Resource’s CEO notes that since the company began operated drilling in 2013, it has increased lateral lengths by 33%, while well costs have been lowered by 23%.
Multiple political and military trends, along with the rise in U.S. crude oil and natural gas production, are occurring at the same time. And that makes for an uneasy situation, Tom Petrie says.
New Standard’s drilling and operating program in the Eagle Ford has been overseen by its majority shareholder, Magnum Hunter Resources Corp.
The partnership could serve as a launching point for continued growth in the region, analyst says.