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Tag Archives: shale plays

Eagle Ford, Bakken production continues to drop

Eagle Ford, Bakken production continues to drop

Two of the nation’s most-prolific shale plays continue to see production numbers drop slightly. The Eagle Ford Shale and Bakken formation produced less oil in January than in December, according to analytics and consulting group Platts Bentek. In fact, oil production from both Eagle Ford and Bakken formations reached their lowest levels since Platts Bentek started tracking them in October ...

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Marathon agrees to sell oil assets in Gulf of Mexico

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Marathon Oil Corporation announced an agreement to sell stakes in oil-producing fields in the Gulf of Mexico for $205 million. The agreement is part of the company’s effort to concentrate on U.S. shale plays. The company is also selling two non-operated interests in the Petronius and Neptune fields in the Gulf of Mexico. The buyer will assume all future abandonment ...

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EIA: The U.S. hit records unseen for a century

Sten Dueland/ flickr

The United States hit a milestone last year that hasn’t been accomplished in over a hundred years. According to the U.S. Energy Information Administration (EIA), 2014 was the largest volume increase in oil production (including lease condensate) since recordkeeping began in 1900. U.S. crude oil production increased during 2014 by 1.2 million barrels per day (bbl/d) to 8.7 million bbl/d. ...

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Hurricane aircraft equals methane detector

Trapped methane bubble underneath frozen Abraham Lake in Canada. Getty Image via NewsCred

When it comes to researching methane coming from shale plays, you wouldn’t think to use an aircraft used to fly through hurricanes, or would you? Scientist from the University of Colorado are trying to figure out how much natural gas leaks from shale gas production and to do so they flew the NOAA aircraft, which is used for flying through ...

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Rig count trends among major U.S. shale plays

Getty Images via Newscred

The slide in oil prices recently has been causing a noticeable trend with the amount of rigs accounted for among various shale plays throughout the United States. In fact, over the past three weeks, rig counts have seen substantial declines with over 90 rigs being shut down, according to Baker Hughes. Which raises the question. Which of the major shale ...

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Forced pooling policies remain unclear in Pennsylvania’s shale plays

pumpjack

The first modern test case of a controversial section of Pennsylvania’s dusty Oil and Gas Conservation Law ended with a fizzle in 2014 when the drilling company that sought to use it withdrew its application. Hilcorp Energy Co. wanted to use the “forced pooling” provisions of the law to drill and hydraulically fracture the Utica Shale beneath property in northwestern ...

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Eagle Ford oil and gas production to surpass 1.5 mil barrels per day

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John Deede | Shale Plays Media Google+ Eagle Ford operators are maintaining their growing rates of production and are set to pass a new milestone, according to the Energy Information Administration. Jennifer Hiller from the San Antonio Express-News reports: The U.S. Energy Information Administration expects that the Eagle Ford Shale will produce 1.51 million barrels of crude oil and other liquids daily in ...

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Communities surrounding the Niobrara play see huge economic impact

A scene from the yard of Leed Fabrication, which produces well head production equipment and emission control devices for the oil and gas industry, has expanded immensely in the last two years, helping beef up the Loveland economy with jobs and services. (Photo for Energy Pipeline)

The Greeley Tribune The Niobrara shale play that is booming in Weld County is spilling over into neighboring communities to the west and having a big economic impact. Communities all along the Front Range – from Fort Collins to Brighton – are seeing sharp increases in the number of oil-related businesses and jobs. There are at least 30 oil-related companies ...

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