Category: Shale

Eagle Ford touted as ‘greatest energy success story’

The Eagle Ford Shale has the greatest potential of all U.S. shale fields — and could help Texas become the world’s second-largest producer of oil, behind Saudi Arabia, according to one of Tuesday’s speakers at the Eagle Ford Consortium conference here.  More »

Shale will be top revenue driver for most oil field services firms in 2014

Oil and natural gas locked in shale rock will account for most of the revenue flowing to more than half of oil field services firms and 40 percent of producers this year, a survey found this week.  More »

Shale gas trucks crash in Pennsylvania

A western Pennsylvania intersection was shut down after crash involving a tractor trailer carrying diesel fuel and two trucks carrying water for natural gas drilling operations.  More »

Shale pioneer McClendon hires Chesapeake in Utica

Aubrey McClendon, the pioneering shale wildcatter who helped usher in the U.S. energy renaissance, has hired the company that fired him to drill wells for his newest natural gas venture.  More »

Shell expresses optimism, caution on future of massive proposed plant

A plan to build a huge new petrochemical plant in western Pennsylvania is making progress, Shell Oil Co. officials said Wednesday — but there’s still no guarantee the multi-billion dollar project will actually be constructed.  More »

Big Oil comes up short in shale

The same North American oil patches that have lifted Pioneer and other independent oil producers to an unprecedented status in the energy industry haven’t come up gushers for major integrated oil companies like Royal Dutch Shell and BP.  More »

Researcher: 2014 slated to be most active year for global shale drilling

This year is slated to be the most active year for international drilling yet, even as investors show less interest in risky ventures, a Wood Mackenzie researcher said this week.  More »

Africa’s biggest investor touts new energy plan, including shale

The Public Investment Corp. plans to lead investment in energy projects in Africa by buying into South African shale gas projects and helping to fund what could be the world’s biggest power generation complex in Democratic Republic of Congo.  More »

Oil towns lead nation in population growth

New census data show a population surge as the oil boom draws workers and families to oil fields around the country. Some of the nation’s fastest-growing communities include two Texas towns in the Permian Basin and three cities near North Dakota’s Bakken Shale.  More »

Moody’s: New Chinese plants could hamper global refining earnings

Cheap natural gas and oil supplies will give Gulf Coast refiners an edge in global markets, but over the next two years new plants coming online in China and the Middle East are poised to dampen worldwide demand for refined products like gasoline, according to a report released Monday.  More »

Report: Bakken oil output to soar as spending hits $15B

Oil production in North Dakota and Montana’s Bakken and Three Forks formations will average 1.1 million barrels per day this year, according to estimates announced Wednesday by a research firm.  More »

Chevron, Polish firm jointly explore for shale gas

Poland’s gas giant PGNiG says it has signed an agreement with Chevron to jointly hunt for shale gas in southwestern Poland in a move to speed up the exploration.  More »
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