- Tight Gas & Oil
- Gas Hydrates
The assessment put the region among the top five largest continuous resources for oil and gas in the U.S.
Though OPEC and its allies agreed to raise production by about 1 million bbl/d, the real output increase from the group’s agreement June 22 is expected to translate to roughly 600,000 bbl/d.
Larry Prado, Hart Energy’s activity editor, summarizes recent action in Appalachia shale plays including a Marcellus completion with the longest lateral to date, according to EQT.
Saudi Arabia and Russia have both been lobbying for a change to the production deal, but few nations have come out in favor of an increase.
Crude production out of the Permian is set to grow at a dynamic rate in the coming years, but breakeven prices are expected to increase with higher water usage.
Eclipse Resources has broken several laterals records in the Utica Shale and CEO Ben Hulburt told DUG East attendees he expects the company to break even more records.
As production from the Permian Basin continues to rise, taking exports to new highs, takeaway capacity can’t seem to catch up.
Eclipse Resources looks for new Utica returns in Pennsylvania's Tioga County within an area CEO Ben Hulburt calls Flat Castle.
The acquisition by Genstar follows Drillinginfo’s recent addition of transaction-tracking businesses 1Derrick and PLS to its offerings.
Companies in the oil and gas industry are embracing the digital revolution, looking for and finding ways to improve efficiency, grow revenue and create new business opportunities using digital technologies.
The investment ramp-up could bring about cost inflation that might challenge smaller E&Ps and eventually make way for Permian consolidation, IHS says.
Panel agrees the time to investment is now as production soars in the basins and there is a growing need for infrastructure to help with moving assets to market.