Saturday, June 13, 2026
Shale Boom

Shale Drilling has Contributed $64 Billion in Economic Benefits Nationwide – University of Chicago

Nationwide study finds that, on average, economic pros outweigh the cons in hydraulic fracturing A study published by the Energy Policy Institute at the University of Chicago (EPIC) this month found that, on average, the benefits experienced by communities from hydraulic fracturing outweigh the costs. Taking into account effects on housing prices, health and environmental costs, and the effects on

Veresen Announces New Capital Allocations to Montney Midstream Projects

Veresen Announces New Capital Allocations to Montney Midstream Projects

95% of 2017 Capital Program Focused on Montney, $195 million to Support Liquids-rich Gas Handling Veresen Inc. (ticker: VSN) has announced the sanction of an additional $195 million to new gas processing facilities at Veresen Midstream, further expanding its footprint in the prolific, liquids rich Montney region of Northern Alberta and British Columbia. This builds on the company’s recently announced

Venezuela Plans to Cut 95 MBOPD as Markets Await OPEC Compliance

Venezuela plans to cut production roughly 4% as OPEC prepares to lower output Venezuela said Tuesday that it plans to cut production by 95 MBOPD, or roughly 4% of its 2.4 MMBOPD of total production, as OPEC prepares to implement its production deal. Starting January 1, OPEC will cut back its output by 1.2 MMBOPD, while non-OPEC countries contribute an

ExxonMobil Announces New Gas Discovery Offshore Papua New Guinea

ExxonMobil says the Muruk-1 well has encountered “high-quality” sandstone similar to the Hides field ExxonMobil (ticker: XOM) announced a new natural gas find Wednesday off the coast of Papua New Guinea. The Muruk-1 well encountered “high-quality” sandstone reservoirs similar to those at Hides field. The Muruk-1 was drilled to a depth of 10,630 feet 13 miles northwest of the Hides Gas