Category: Shale

Eagle Materials drills further into energy sector with acquisition

Eagle Materials is moving further into the energy sector by buying a company that sells an ingredient crucial to the hydraulic fracturing process.  More »

Natgasoline clears EPA hurdle for $1 billion methanol plant in Beaumont

The massive Beaumont project is expected to require thousands of construction workers and carry a more than $20 million annual payroll once it begins producing methanol at the end of 2016  More »

Eagle Ford expected to hit 1.6 million barrels next month

The Eagle Ford Shale is expected to make 1.61 million barrels of oil per day in November, up 42 percent from the year before, according to a new government report. The field is making around 1.58 million barrels of oil daily this month, according to the U.S. Energy Information Administration.  More »

Southwestern Energy cuts $5.4 billion deal for Chesapeake gas land

Houston’s Southwestern Energy Co. is planning to drop $5.4 billion on gas-rich land in West Virginia and Pennsylvania in one of the biggest recent deals for acreage in a region buffeted by pressure on gas prices.  More »

Shale boom tested as plummeting prices threaten U.S. drillers

More supply from hydraulic fracturing and horizontal drilling, and less demand, are contributing to the tumble in West Texas Intermediate crude.  More »

Pipeline’s path stirs opposition in Va., W.Va.

A proposed $5 billion pipeline that would deliver natural gas to the Southeast is finding opposition along its planned path in West Virginia and Virginia.  More »

Linn Energy is selling $2.3 billion in assets

Proceeds from Linn’s sales will be to pay for $2.3 billion worth of assets it bought Devon Energy Corp.  More »

Baker Hughes will officially disclose fracturing chemicals

Baker Hughes says it has finished a six-month process of negotiating with its suppliers to reveal all of the chemicals it uses in its hydraulic fracturing, a well-stimulation technique that has drawn the ire of environmentalists and some communities.  More »

McClendon lures Chesapeake exec for new energy venture

Shale gas wildcatter Aubrey McClendon has lured away a top executive from the company that ousted him last year, as McClendon works to build a new U.S. energy producer.  More »

NiSource joins utility trend in forming MLP

NiSource has announced plans to spend about $8 billion to $10 billion over the next five to 10 years to expand and upgrade pipelines serving the Marcellus and Utica shale formations.  More »

Romanian prime minister in Houston urging U.S. investment

Romania traces its oil industry to the 1850s, but as it production has declined in recent years, it’s urging American investors to pump their money into the country to help it develop shale and deepwater resources.  More »

Black Elk execs depart, start new firm

The man who founded and led Black Elk Energy, a Houston firm battered by a fatal 2012 explosion at one of its Gulf of Mexico production platforms, left the company a few weeks ago to try his hand at pumping oil on dry land.  More »

Hess planning IPO for midstream MLP

Several Hess midstream assets in North Dakota and Minnesota will be part of the offering.  More »

GE to give Penn State $10 million for gas drilling center

The Marcellus Shale in Pennsylvania is the most productive natural gas field in the country and has led to an energy boom in the state.  More »

Panel: Don’t expect high natural gas prices any time soon

Panelists at a Houston energy forum said natural gas prices are likely to stay at relatively low prices because of the surge in production from shale.  More »