Home / Tag Archives: Shale (Oil and Gas)

Tag Archives: Shale (Oil and Gas)

Billion-dollar debate in Oklahoma divorce: Was oilman just lucky?

hamm

Joshua Schneyer | Reuters NEW YORK  – For years, Continental Resources, the largest oil driller in the booming Bakken Shale formation, touted the hard work of its CEO and founder, Oklahoma billionaire Harold Hamm, as “a driving force” behind the company’s success. “Over the course of the Company’s history, Mr. Hamm has successfully grown the Company through his leadership skills ...

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Energy News Roundup: Bakken Flaring Dispute, New Solar Securitization and Crude Oil Prices Trend Lower

flaring

Jared Anderson | Breaking Energy The complex natural gas flaring issue associated with producing crude oil and other higher-value liquids from the Bakken Shale formation is back in the news as companies seek to address royalty payments owed for certain volumes of that flared gas. There appears to be some legal uncertainty regarding whether companies owe money to royalty owners ...

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Armed with new technology, oil drillers revisit Gulf of Mexico

Swetha Gopinath and Sayantani Ghosh | Reuters  Advances in drilling technology are reviving the prospects of oil companies in shallow parts of the Gulf of Mexico, helping to squeeze more from older fields while the U.S. shale bonanza lures others onshore. Apache Corp and a handful of smaller independent companies are using seismic surveying and horizontal drilling – techniques perfected ...

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Wolfcamp Shale to see $12 billion worth of investments this year

Corey Paul | The Odessa American (Odessa, Texas) Capital investment in horizontal drilling operations targeting the Wolfcamp Shale should exceed $12 billion this year and surpass the amount invested in the booming Bakken Shale of North Dakota by 2017, according to a recent analysis by the firm Wood Mackenzie in Houston. That compares to about a $9 billion capital expenditure ...

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TxDOT pushes safe driving campaign in the Eagle Ford

Jennifer Hiller | San Antonio Express-News KARNES CITY — More cars and trucks continue traveling battered roads in South Texas, and the state is — again — rolling out a safety campaign geared to drivers in the booming Eagle Ford Shale oil field. This time the state pushed its “Be Safe. Drive Smart” campaign with a series of oversized safety signs ...

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Beaver Run Pa. water untainted by shale gas wells, tests show

water

Rich Cholodofsky | Tribune-Review (Greensburg, Pa.) Three years of testing at the Municipal Authority of Westmoreland County’s Beaver Run Reservoir has found drinking water untainted by Marcellus shale gas wells, drilled just yards from the water supply. Testing will continue for a fourth year under a new contract with Indiana University of Pennsylvania. The school will be paid $75,000 this year ...

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Austin firms see opportunity in North Dakota’s flaring gas

Bakken Oil Well Flare

Dan Zehr | The Austin American-Statesman, Texas Back in 2008, in the early days of the drilling boom that has transformed the Bakken Shale of North Dakota, Lance Langford found it hard to believe that transporting oil out of the field would remain so expensive. Industry analysts and other oil producers said it would cost $35 a barrel to transfer oil ...

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Gas field illnesses probed

Brendan Gibbons | The Times-Tribune (Scranton, Pa.) Environmental groups are rounding up stories of sickness in the shale fields, following reports of inaction by the state Department of Health. Food & Water Watch and Berks Gas Truth, both opposed to gas development, gathered stories from 11 people living or working near gas wells who complained of a variety of health problems. Sore ...

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NuStar’s net income rises

Vicki Vaughan | San Antonio Express-News SAN ANTONIO — Six months into his tenure as CEO of NuStar Energy LP, Brad Barron has made good on his promise to investors. The pipeline partnership achieved what Barron said was the “biggest goal,” fully covering NuStar’s distribution to unitholders, by 1.1 times. Not since the third quarter of 2011 has NuStar been able ...

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Britain reopens way for fracking

lancashire

Matthew Knight | The Associated Press LONDON  — Energy firms will be able to bid for licenses Monday to explore for shale gas in Britain, three years after the controversial fracking process caused seismic tremors which led the government to suspend operations. Business and Energy Minister Matthew Hancock said shale gas has the potential to increase the country’s energy supply ...

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