US, shale, gas, production, decline, fall, September, EIA, Marcellus, Utica, rigs, legacy, wells

US Shale Gas Production Expected To Fall In September

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.

August 27, 2015
Schlumberger, Cameron International, 15 billion, merger, oilfield services, subsea

Schlumberger, Cameron Look To Meld Science, Tech In $15 Billion Merger

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

August 26, 2015

Partnership Pursues Innovation In Quest To Lower Methane Emissions

The Climate & Clean Air Coalition Oil & Gas Methane Partnership said it has identified several low-cost, quick-payback projects that lower methane emissions.

August 25, 2015
Encana, exit, Louisiana, Haynesville, shale, GeoSouthern, GSO Capital

Deal Gives Encana Exit From Louisiana Haynesville

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.

August 25, 2015
Bakken, shale, pressure pumping, well stimulation, oil services, Hart Energy, survey

Bakken Activity Holds Steady Despite Fears Of Sinking Demand

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.

August 25, 2015
Marcellus, Shale, midstream, merger, A&D, M&A, pipeline,megadeal

Southern’s Deal For AGL Resources Spotlights Shale-Gas Use

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.

August 24, 2015
Jim Manatt, Thrust Energy, Summer NAPE, exploration, technology

Reward Awaits Those Willing To Explore During Downturn

With a cookie-cutter model comes marginal price economics, says Thrust Energy CEO Manatt.

August 24, 2015
A&D has a pulse

A&D Has A Pulse, But Some Fret Over Overspending And Doomsday Drilling

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.

August 21, 2015
SAS, Internet of Things, oil, gas, analytics, data

Internet of Things Could Transform The Oil Patch

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.

August 21, 2015
Aubrey McClendon, American Energy Partners, Australia, Armour, McArthur Basin, farm in

McClendon’s American Energy Partners Eying Australian Shale

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.

August 20, 2015
Energy trade groups are calling proposed U.S. Environmental Protection Agency emissions rules unnecessary.

Industry Groups Stand Against The EPA’s Proposed Emissions Rules

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.

August 19, 2015
WTI price, production, equity, OPEC, A&D, M&A, oil news

Over A Barrel? Oil Prices Reach Lows As E&P Resilience Tested

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.

August 18, 2015