Category: Shale

NY farmers lament lost opportunity for gas riches

While environmental groups are doing a victory dance over New York’s decision to ban fracking, farmers such as apple grower David Johnson are grieving for dashed hopes and dreams.  More »

Exxon Mobil shows why U.S. oil output rises as prices plunge

Oil companies, while trimming 2015 budgets to cope with the lowest crude prices in five years, are also shifting their focus to their most-prolific, lowest-cost fields.  More »

Oil crunch could cost Texas 128,000 jobs, Fed model shows

But falling oil wouldn’t be enough to slow the state’s job growth to zero.  More »

More than 500 rigs may shut down as oil slides, analysts say

Rigs could begin to see less work starting early next year, following a 40 percent drop in the number of new U.S. drilling permits issued from October to November.  More »

U.S. shale junk debt tumbles amid oil crunch

Prices for the risky corporate bonds that have fueled the U.S. shale energy boom are plummeting as oil prices have fallen below $60 a barrel for the first time in more than five years.  More »

Commentary: actions speak louder than words on oil prices

FuelFix.com Voices blogger Matt Smith takes a look a prices. His starting premise: “With soooooooo much talk swirling about the current oil price drop, I feel compelled to focus less on the rhetoric and more on the data. So the vibe of this post lands somewhere inbetwixt Elvis Presley’s ‘a little less conversation, a little more action’ and one of my bosses favorite phrases: ‘In God we trust, all others must bring data’.”  More »

North Dakota oil town suspends booze licenses

Commissioners also suspended the strip clubs’ licenses in 2013 for excessive calls for disorderly behavior.  More »

ConocoPhillips cutting capital spending by 20 percent

The cut reflects lower spending on major projects, several of which are nearing completion.  More »

Dover’s $430m purchase shows appeal of specialty oil field service firms

Oil field service companies will have to be far more frugal as crude prices fall.  More »

Oil prices not hitting petrochemical plant expansions

The same drilling bonanza that bestowed the chemical industry with cheap feedstock also flooded the world market with oil and gas at a time when the global demand for such products has started to flatten.  More »

Shale gas line to the Northeast gets federal nod

The Federal Energy Regulatory Commission’s approval means the 124-mile Constitution Pipeline could be built and operational by next winter.  More »

Nature article questions natural gas optimism

The report highlights conflicting estimates about the long-term viability of increasing natural gas production, and warns that acting on the assumption natural gas will always be cheap may not be ideal.  More »

McClendon venture raises $500 million for mineral rights

McClendon doesn’t appear to be slowing down his new venture even as oil prices have sunk below $75 a barrel.  More »

Texas drilling permits fall 50 percent in November, data shows

November’s batch of new Texas drilling permits fell 50 percent compared to the prior month, a sign that oil companies are holding back from boring into their sweetest spots while crude prices linger below $70 a barrel.  More »

American Energy snaps up more West Texas oil land for $440M

The deal, expected to close next month, would double Aubrey McClendon’s stake in West Texas.  More »
Page 1 of 5712345...102030...Last »