Category: Shale

Deal in principle reached over Repsol’s YPF stake

Argentina’s government said Monday it has reached an agreement in principle to compensate Spain’s Repsol for last year’s 51 percent expropriation of the YPF energy company.  More »

New technologies require new math for rig counts

New drilling technologies are breaking down that simple link between production and rig count, enabling oil and gas producers to drill more wells for every rig and prompting analysts to divine new metrics.  More »

Q&A: Oil executives explore growing U.S. energy muscle

Jean-Marc Ollagnier, CEO of Accenture’s resources group, talks about what’s on the minds of the decision-makers at some of the world’s largest energy companies.  More »

‘The Frackers’ tells stories of the US shale boom’s architects

“The Frackers: The Outrageous Inside Story of the New Billionaire Wildcatters” gives an inside look at the conflicts and difficult decisions that made Harold Hamm, George Mitchell, Aubrey McClendon and others the biggest names in the modern oil and gas rush.  More »

Shale revolution spreads with record wells outside US

The hydraulic fracturing of shale in search of oil and gas has hardly started outside the U.S., but that’s changing.  More »

Mining giant stakes claim on flexibility of US shale

Tim Cutt, BHP Billiton’s Houston-based president for petroleum and potash, speakswith FuelFix about the Australian mining company’s movements in U.S. shale  More »

US to be top oil producer by 2015 on shale, IEA says (video)

The U.S. will surpass Russia and Saudi Arabia as the world’s top oil producer by 2015, and be close to energy self-sufficiency in the next two decades, amid booming output from shale formations, the IEA said.  More »

Shale business brings ‘growth engine’ to BHP Billiton, exec says

BHP Billiton plans to spend two-thirds of its petroleum budget on U.S. shale in coming years, but the Australian natural resources giant knows that the biggest returns come from replicating low-cost production over and over.  More »

Commentary: Colorado shows the need for energy engagement

e results from Tuesday’s ballot measures in Colorado should serve as a clarion call for industry and energy consumers across the country. In Colorado, four communities – Boulder, Fort Collins, Broomfield and Lafayette – asked themselves to take a position on the extraction of shale gas inside their city limits. Ban supporters won in three of four contests.  More »

Companies face the bill for shale rush borrowing

But investors, anxious over debt-laden balance sheets, have started to turn on the producers this year, at times balking at large compensation packages, throwing out managers and installing penny-pinching replacements.  More »

Enbridge files plan for $2.6 billion pipeline from North Dakota to Wisconsin.

The Sandpiper pipeline would extend 299 miles from the Bakken oilfields to an Enbridge terminal in Superior, Wis.  More »

Shell to drill first wells in $10 billion Ukrainian project

The country could hold as much as 42 trillion cubic feet (1.2 trillion cubic meters) of shale gas, the third largest reserve in Europe, according to the U.S. Energy Information Administration estimate from 2011  More »