Per well efficiencies up 2.6x in the Marcellus and 22.3x in the Utica since 2012 Increased productivity of natural gas wells in the Marcellus and Utica Shale basins is responsible for 85% of increased natural gas production in the United States since 2012, according to the Energy Information Administration (EIA). Natural gas from shale basins is now responsible for 56%
Saudi investment in U.S. shale continues in the down market, not interested in acquiring U.S. companies at this point Saudi Basic Industries Corp. (ticker: TADAWUL:2010), or Sabic, plans to expand investment in U.S. shale gas projects through joint ventures, according to acting CEO Yousef al Benyan. Sabic has signed an agreement with Houston-based Enterprise Products Partners (ticker: EPD) to obtain
Via EE News Pennsylvania oil and gas officials are breaking with fellow state regulators and planning to drop the FracFocus website for reporting the chemicals used in hydraulic fracturing. Next year, the state Department of Environmental Protection will shift to using data reported directly to the state by oil and gas companies and integrating it with other data compiled by
Exploration wells to be allowed with permission from the government Dutch Minister of Economic Affairs Henk Kamp announced that the government will impose a ban on hydraulic fracturing until 2020. “No commercial exploration or extraction of shale gas will take place in the Netherlands over the next five years,” according to a release from the Dutch government. “Existing licenses for
925 wells on backlog in North Dakota: 6-7 month inventory North Dakota can still reach 2 MMBOPD By increasing its oil production to record levels, North Dakota’s economy has experienced a complete turnaround in the last handful of years, and the Williston Basin is due the majority of the credit. The exploitation of one of the world’s premier shale plays
BLM head Sally Jewell says old regulations were behind the times U.S. District Judge Scott Skavdahl of Wyoming granted a request by Colorado, North Dakota, Utah and Wyoming to temporarily delay new Bureau of Land Management (BLM) regulations today while the court decides if they are legal, reports the Denver Post. The new BLM regulations would have created a number of
The decision follows the release of the DEC’s 1,448-page report on hydraulic fracturing New York Department of Environmental Conservation (DEC) Commissioner Joe Martens announced today that hydraulic fracturing would be formally banned in the state of New York. The announcement comes after seven years of study by the DEC and the release of their 1,448-page report, which was released prior
Currently only four countries produce commercial amount of shale resources The shale revolution has unlocked tremendous natural resource potential in the United States and Canada, with other countries trying to take advantage of shale gas and tight oil. As recently as last year, only four countries in the world were producing commercial volumes of either shale gas or tight oil,
City council beats a “strategic” retreat in ongoing battle over hydraulic fracturing Denton City Council has decided to lift its ban on hydraulic fracturing, calling the bill’s repeal a “strategic repeal.” Seven months ago, the city of Denton Texas passed a local ordinance banning hydraulic fracturing. The legislation was met with lawsuits from the oil and gas industry almost immediately,
Plans submitted to the BLM call for over 100 horizontal wells Black Hills Plateau Production (ticker: BKH) proposed its development plan for 32,600 acres of federal, private and split-estate lands in De Beque, Mesa County, Colorado, to the Bureau of Land Management (BLM) earlier this month. The plan calls for up to 104 horizontal wells on 13 well pads targeting
A lot of core, an electron microscope, and complex completions When Mark Williams began his lunchtime talk at last week’s AAPG national convention, except for a few knives and forks clinking plates you could have heard a pin drop. The full room, packed with about 200 of Williams’ fellow geologists and other industry pros who trekked to Denver with 6,000 other AAPG attendees,
Calling it quits in Poland ConocoPhillips (ticker: COP) has joined the ranks of oil majors saying “no more” to shale gas development in Poland. Tim Wallace, ConocoPhillips country manager in Poland, said the company would not continue shale gas development in Poland, reports Reuters. “We understand the disappointment surrounding this difficult decision,” said Wallace, but “unfortunately, commercial volumes of natural
