Earlier in the year, before initial declines in service costs, Anadarko had estimated it would take $3 billion in capital expenditures to keep production levels flat. Now, Walker said, it would take about $2.7 billion, and there is still room for improvement.
The Obama administration is on track to impose new mandates governing hydraulic fracturing on public land by the end of the year, a move that threatens to topple the White House’s delicate balancing act assuaging worried environmentalists while still sustaining a domestic drilling boom that is bolstering the U.S. economy.
he lengthy report follows months of delays and complaints over the process to draft rules governing hydraulic fracturing, or fracking, in Illinois. Industry officials say southern Illinois has rich deposits of natural gas, but a final draft of the rules — initially touted as a national model of both sides working together — has taken months for the agency to produce as industry groups warned the state was losing business.
Dallas-based pipeline company Energy Transfer Partners completed a deal to acquire Corpus Christi’s Susser Holdings Corp. in a transaction that will ultimately bring the Stripes and Sunoco convenience stores under the same umbrella, the companies announced Friday.
While the energy world has been focused on Canadian shale over the past few years, Mexico has been quietly emerging as a major player in the crude oil and natural gas industry. With the recent passage of massive energy reforms in Mexico, billions of barrels of oil and trillions of cubic feet of natural gas […]
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