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.
Wells are scattered across Luling’s backyards, churches, restaurants and gas stations. But rather than asking visitors to avert their eyes, officials here want folks to take notice. They have commissioned art on more than a dozen functioning pump jacks along the town’s main strip.
2014 thus far has been more turbulent than usual for the US crude complex, as wickedly wintry weather has shaken up both supply and demand for the products like a snow globe (probably a bad turn of phrase). Just as gasoline demand has hit the brakes and heating oil demand has been simmering, the jet […]
A Houston energy economist predicts that shale fever is about to ebb, and the industry soon will be looking to offshore fields for reliable and lucrative investment payoffs. Familiarity with the Gulf of Mexico will lure producers after years of fighting concerns of landowners and environmentalists over hydraulic fracturing in shale plays nationwide, said Michelle […]
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