Shale

UPDATE: DUG Permian—Why Marathon Loves The Rock

Todd Abbott, vice president of resource plays south for Marathon Oil Corp., can tick off the reasons his company likes the Permian Basin: High quality rock; Ability to scale; and High potential. Marathon’s strategy, Abbott told attendees at told attendees May 22 at DUG Permian Basin, is to devot ...

Japan’s Tokyo Gas Takes First LNG Cargo From Cove Point

Japan received its first shipment of LNG on May 21 from Dominion Energy Inc.’s newly completed Cove Point export plant, the beginning of a jump in imports from the United States by the world’s biggest buyer of the fuel. The docking of the tanker LNG Sakura at Tokyo Gas Co.’s Negishi terminal n ...

What will it take to re-start offshore drilling? | Fuel for Thought

As global crude oil has hit the $80/b mark, the industry is now wondering if there is a magic price that would jump-start the offshore sector which is lagging an otherwise steadily recovering oil patch. Higher crude prices near-term may not be enough to entice operators back to the risky business o ...

Bankrupt Rex Energy To Sell Remaining Assets

[Editor's note: This story has been updated from a previous version posted at 12:15 p.m. CT May 18.] Rex Energy Corp. filed for Chapter 11 bankruptcy and simultaneously launched a sale process for its remaining assets, the Appalachia shale producer said May 18. Rex Energy is a pure-play Appalachian ...

US Oil Rig Count Holds Steady After Six Weeks Of Gains

The U.S. oil rig count held steady this week after rising for six weeks in a row even as crude prices soar to multi-year highs, prompting drillers to extract record amounts of oil, especially from shale. The total oil rig count held at 844 in the week to May 18, Baker Hughes, a GE company, said in i ...

Oilfield Service Companies Eye Growing Labor Shortage

Finding roughnecks remains a challenge for oil drillers as rising crude prices increase demand for their services, oilfield executives said May 17 at a conference in Houston. Oilfield service suppliers cut tens of thousands of workers following the 2014 oil-price collapse, and skilled employees have ...

South Korean Firm Invests $250 Million In Brazos Midstream

South Korea's SK Holdings Co. Ltd. said May 18 it had decided to invest $250 million in Brazos Midstream Holdings LLC, a U.S. shale gas gathering and processing company, to expand its energy businesses. The South Korean company said in a statement that the investment would be made through its U.S.-b ...

Why commodity prices are rising, in nine charts

Commodity prices strengthened in early 2018, supported by supply and demand factors, including accelerated global growth, which has lifted demand for most industrial commodities, and supply constraints affecting others.Chart 1: Commodity prices are forecast to rise across the board The energy price ...

Goodrich Swaps Its Way To Longer Haynesville Laterals

The Haynesville remains Goodrich Petroleum Corp.’s (AMEX: GDP) top priority as the Houston-based E&P leans toward smaller deals to go longer in the shale play. During its first-quarter earnings on May 15, Goodrich revealed it agreed to an acreage swap in northern Louisiana set to boost its invento ...

Is Renewable Investment Ready To Step On The Gas?

The U.S. renewable energy industry—having weathered the shale natural gas revolution—is primed for a burst of investment, though where the capital will come from is not entirely clear. The wind and solar sector has reached the mature stage in the past decade, said Henry Berling, U.S. managing di ...