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Tag Archives: shale

Colorado has 40 times more natural gas than thought

natural gas, Colorado, hydraulic fracturing

DENVER (AP) — Western Colorado has 40 times more natural gas than previously thought, but an immediate boom is unlikely because of low gas prices, government and industry experts said Wednesday. The U.S. Geological Survey said the Mancos Shale formation in Colorado’s Piceance (PEE’-yahns) Basin holds about 66.3 trillion cubic feet of gas, up from 1.6 trillion estimated in 2003. ...

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Top 5 Eagle Ford stories of the week

Top 5 Eagle Ford stories of the week

This week’s top 5 stories featured incredible aerial footage and history’s famous oil gushers. Here’s a look back at our most-read headlines. 5. Chevron shifts focus to Texas shale Chevron plans to focus on shorter-cycle investments in West Texas shale plays after its larger, long-term investments come into production this year. By the end of the decade, Chevron believes it ...

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Chevron shifts focus to Texas shale

Chevron shifts focus to Texas shale

Chevron plans to focus on shorter-cycle investments in West Texas shale plays after its larger, long-term investments come into production this year. By the end of the decade, Chevron believes it can nearly triple its oil production in the Permian Basin by increasing its rig count from seven to 14. “Don’t be surprised if by the middle of the next ...

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Study: Fracking in Germany would not contaminate drinking water

Study: Fracking in Germany would not contaminate drinking water

A study by geologists at the Federal Institute for Geosciences and Natural Resources (BGR) found that developing Germany’s shale oil and gas with hydraulic fracturing would not contaminate drinking water resources. A Reuters report summarized its findings. Geologists used computer simulations to study what would happen to fracking fluids when injected into the bedrock of the North German Basin. “We ...

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Consol cuts gas spending

Consol Energy Inc. again cut its budget for spending on natural gas exploration and production because of continued low prices, though it won’t rule out drilling a few new wells in 2016. The Cecil-based gas and coal producer early Wednesday announced a new capital budget plan and annual production estimates ahead of a two-day financial conference in Miami. The budget ...

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Consol plans Utica gas well at Pittsburgh airport

Consol Energy Inc. will drill a test well into the deeper Utica shale from one of its Marcellus gas well pads on Pittsburgh International Airport property. The Cecil-based natural gas and coal producer said Tuesday it received approval from Findlay zoning officials to replace one of the 12 Marcellus wells it planned for Pad 4 at the airport with a ...

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Board mulls gas drilling restrictions near Deep Creek Lake

OAKLAND, Md. (AP) — The Garrett County Commissioners are considering a Deep Creek Lake watershed management plan that would restrict drilling for natural gas in the resort area. The plan is up for discussion at Monday’s board meeting. The plan was drafted in 2014. It would prohibit wellheads on 41,000 acres around the lake. Some of that acreage overlies part ...

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North Dakota rigs slip below 60 for first time since 2009

BISMARCK, N.D. (AP) — The number of drill rigs in North Dakota slid below 60 on Monday for the first time since 2009 as crude prices tumble and companies focus on richer portions of the state’s oil patch. State Department of Mineral Resources data show 59 rigs were operating Monday in western North Dakota’s oil-producing region, down from 171 rigs ...

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In Texas, residents are riding out the latest oil bust

BIG LAKE — The week before Christmas, restaurant owner Terry Stevens warmly shook hands with oil workers and wished them a happy holiday as they walked out the door, some possibly for the last time. Stevens, a 52-year-old Michigan transplant, moved to this West Texas outpost five years ago, before the latest oil boom. Workers flocked to the Mexican restaurant ...

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Oil exports could bolster Eagle Ford – eventually

The first oil exports from the United States left the Port of Corpus Christi on Thursday afternoon aboard the “Theo T” tanker heading for Europe just weeks after Congress repealed the nearly 40-year-old export ban. The exports — using Eagle Ford oil pumped by ConocoPhillips and transported by NuStar Energy — mark a momentous change in the midst of one ...

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