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A worker adjusts hoses during a hydraulic fracturing operation at an Encana Corp. gas well, near Mead, Colo. (AP Photo/Brennan Linsley)

Proposed fracking in Ohio national forest gets hearings

Attendees of a series of U.S. Bureau of Land Management hearings being held this week say both opponents and supporters have been out in force.
In this March 20, 2015 file photo, Cabot Oil & Gas Corp.'s external affairs director, George Stark, speaks during a breakfast hosted by the Greater Hazleton Chamber of Commerce in Hazleton, Pa., discussing regional effects of natural gas drilling. Tens of thousands of miles of pipeline are proposed for Pennsylvania during the next 10 years, according to state officials, and while the last decade of oil and gas development primarily took place in the state's shale regions, the next phase will tunnel through the midstate. (Ellen F. O'Connell/Standard-Speaker via AP, File)

Pipelines planned for midstate Pennsylvania

After 10 years of drilling, shale operators have more natural resources than the infrastructure to deliver it. There’s now more supply than demand, and pipeline builders are seizing the opportunity and submitting plans for an underground network to move through Pennsylvania.
(Jerry Lara/San Antonio Express-News)

Pioneer Energy posts quarterly loss

The results slightly missed analysts’ estimates that Pioneer would post a loss of 24 cents a share.

Nabors CEO: Expect more exits from U.S. oil patch in fourth quarter

The company recently polled 10 of its customers, a group that represents a large chunk of U.S. drillers, and found just two that considered any possibility that they could put more rigs back to work.
The 29-week plunge in the oil rig count takes a break

Oil rebounds on largest rig count drop since April

This was the largest week-over-week decrease since April and brings the number of active oil rigs to 614. That’s below the previous low for 2015 set in May, according to the count by oil service firm Baker Hughes.

Eric Dille, director of government relations for EOG Resources., speaks at a meeting about flaring of natural gas in Bismarck, N.D., Thursday, Sept. 24, 2015. (Tom Stromme/The Bismarck Tribune via AP)

North Dakota regulators extend, toughen gas flaring mandate

North Dakota regulators have given the oil industry an additional 10 months next year to reduce the flaring of natural gas but also implemented a stiffer long-term benchmark.
Jed Hamilton and Kevin Harun take part in the University of Houston 2015-2016 Energy Symposium.  (Craig H. Hartley/For the Chronicle)

Exxon Mobil official promotes Arctic exploration

“If the U.S. stands in the background, Russia will move forward, and things won’t be as good as they could be if the U.S. had a seat at the table in the Arctic,” said Jed Hamilton, senior Arctic consultant at Exxon Mobil Upstream Research Company.
Exxon Mobil Corp. signage is displayed at a gas station in Richmond, Kentucky, U.S., on Wednesday, April 29, 2015. Exxon Mobil Corp. is scheduled to release earnings data on April 30. Photographer: Luke Sharrett/Bloomberg

Exxon said to be on the hunt for West Texas shale bargains

Stung by the 58 percent plunge in U.S. oil prices since June 2014, many drillers face stark choices: shut down rigs to conserve capital and wait out the bust, or surrender some independence to a deep-pocketed savior in exchange for a shot at a future windfall.
(Photographer: Eddie Seal, Bloomberg)

Citigroup sees U.S. oil production falling 500,000 barrels per day by end of 2015

High-cost oil producers in the U.S. have been forced to scale back in the past year after members of OPEC decided to maintain output to defend their market position.

Global economic worries keep crude in check

As opposed to the usual free-form structure, let’s do some painting by numbers to color in the backdrop for today’s market currents. Henceforth, five observations ahoy: 1) There is an interesting piece out this morning addressing the dichotomy seen within US shale producers, as some chose to hedge fairly aggressively in Q2, while some chose […]
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