Drilling rigs boom in Texas — and across the US
In case you were wondering whether there was really an oil Renaissance happening in Texas, the state has 838 drilling rigs – about 47 percent of all U.S. rigs and 26 percent of drilling rigs worldwide. More »
Quicksilver selling stake in Barnett Shale assets
Natural gas producer Quicksilver Resources Inc. is selling a 25 percent stake in its Barnett Shale oil and gas assets to a subsidiary of Tokyo Gas Co. for $485 million. More »
Chesapeake sued for fixing prices, underpaying landowners
Chesapeake Energy Corp. allegedly manipulated prices and unlawfully passed on its drilling expenses to landowners, shortchanging them on royalty payments for drilling on their land, according to a lawsuit filed in federal court in Dallas. More »
Barnett Shale gas to remain profitable, study finds
A study of the Barnett Shale found that, while production from the North Texas field will decline through 2030, there’s still an enormous resource to tap profitably, even at relatively low natural gas prices, according to a study by the University of Texas at Austin. More »
West Texas shale could dwarf Eagle Ford
Texas is awash in oil and gas, with rigs proliferating from the Permian Basin to the Haynesville Shale. Now, another shale play in West Texas is causing a stir, with early estimates of recoverable reserves at 30 billion barrels of oil. More »
Chesapeake to cut 70 North Texas jobs
Chesapeake Energy Corp. said Tuesday it will eliminate 70 jobs from its North Texas workforce as it cuts back on natural gas drilling operations there. More »
Report shows Barnett Shale drilling supports 100,000 jobs
The Barnett Shale natural gas drilling boom has pumped $65.4 billion into North Texas cities and directly, and indirectly, has supported more than 100,000 jobs over the past decade, economist Ray Perryman told the Fort Worth City Council. More »
Reaction to new shale gas air rules pretty tame… so far *Update*
The EPA unveiled proposed rules to limit emissions from natural gas drilling and production, the first set of rules aimed at that particular segment of the business. Industry seems to be taking a measured response. More »
EPA selects regions for fracking studies, including Haynesville and Barnett
The Environmental Protection Agency will get to work this summer on its study of the effects of hydraulic fracturing on drinking water, with studies of drilling-heavy counties in Texas, Louisiana and Pennsylvania. More »
Nat gas feud pits prosperous N. Texans against energy industry *updated*
Natural gas drilling using hydraulic fracturing is spurring a growing conflict pitting some prosperous North Texas homeowners against energy companies drilling the Barnett Shale and its rich, millenniums-old vein of oil and natural gas encased in rock. More »
Follow Us:
© 2013 Hearst Communications Inc.