Tag: shale

Eagle Ford booms to the tune of $87 billion

Economic activity related to oil and gas exploration in South Texas is up 43 percent in just the last year in the region.  More »

Siemens cuts multibillion dollar deal for Dresser-Rand

Investors in Dresser-Rand will get $83 a share on the deal. The company’s share price on Friday closed up $6.88 to $79.91 on the New York Stock Exchange. In a recent regulatory filing, Dresser-Rand said it had about $1.15 billion in debt. That would make the cash purchase price worth nearly $6.5 billion.  More »

Chevron first energy giant to meet new sustainable shale standards

The Center for Sustainable Shale said Thursday that Chevron Corp. is the first energy company to pass a review of 22 production sites in Pennsylvania, Ohio and West Virginia.  More »

N. Dakota needs $800 million for housing, schools in wake of oil boom, state GOP says

North Dakota Republicans have put forward a plan to spend millions on rising problems in the wake of the oil boom in the state and the population increase that has resulted.  More »

Researchers trace water contamination to faulty gas wells

The contamination “stems from well-integrity problems such as poor casing and cementing,” Thomas H. Darrah, an earth science expert at Ohio State who led the study, said in a prepared statement.  More »

Q&A: Accenture’s shale expert Melissa Stark on unconventional plays worldwide

Melissa Stark, managing director of Accenture’s New Energy Business, is the consulting firm’s expert on shale development. The firm recently published an update on the outlook for unconventional plays in nine countries. Stark, who’s worked in the United Kingdom for 20 years, spoke with the Chronicle recently about what’s on the horizon for shale and tight oil and gas worldwide.  More »

OPEC cuts demand outlook by most in three years on shale

The change implies that OPEC’s 12 members would need to cut output by about 1.1 million barrels a day from the 30.3 million they produced in August.  More »

Nine countries that could hold the next Eagle Ford

The U.S. economy has enjoyed an energy renaissance thanks to technology like fracking and horizontal drilling that unlocked previously inaccessible geological formations. Some of that same technology is now poised to be used around the world.  More »

Rigs in U.S. rose by 11 to 1,925, Baker Hughes says

The total energy rig count has almost doubled from five years ago as producers use horizontal drilling and hydraulic fracturing to draw record volumes of oil and gas out of shale formations from North Dakota to Texas.  More »

Water resources a problem for energy extraction worldwide, report finds

According to the analysis by the World Resources Institute, 38 percent of the earth’s shale gas and tight oil resources are in areas that are either arid or under high levels of water stress already _ a scenario that does not mesh with the high water demands of today’s extraction techniques.  More »

Crude oil rides Texas’ rails with little tracking

For generations of producers drillers in Texas, where a vast pipeline system has grown with the fits and starts of the oil industry’s notorious business cycle, railroads provided little more than a relatively expensive last resort. But in the boom associated with the hydraulic fracturing, producers increasingly enlist trains to handle the glut.  More »

Study finds more arsenic in north Texas water wells near drilling

In the study, University of Texas at Arlington biochemists measured 100 wells across the Barnett Shale, believed to hold one of the largest natural gas reserves in the U.S., and compared the results to a similar study undertaken before hydraulic fracturing technology and higher natural gas prices opened the area to drilling.  More »
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