A proposal is being heard by the Colorado Senate Committees of Agriculture, Natural Resource, & Energy Thursday regarding compensation for mineral owners whose property value is reduced due to regulations limiting hydraulic fracturing. The bill is one of many being considered in Colorado during state’s ongoing discussion about fracing. The bill states that the owner of any land which has
CARBO Ceramics (ticker: CRR), a production enhancement services provider based in Houston, Texas, is not immune from the recent commodity downswing. Even though United States production is expected to remain flat or even increase through 2015, the declining rig count will affect CARBO’s operations in the near-term. “This is pretty historic,” said Gary Kolstad, Chief Executive Officer of CARBO Ceramics,
The town of Erie, Colorado, has decided against postponing drilling permits within city limits, The Denver Post reported today. The Erie Board of Trustees voted to not impose a moratorium by a 4-3 count. Citizens had filed noise complaints from a drill site being run by Encana Corporation (ticker: ECA) in an Erie neighborhood. The Calgary-based E&P agreed not to
The Energy Information Administration (EIA) released an updated geologic layout of the Eagle Ford Shale this morning, detailing the play’s thickness, footprint, elevation, and initial gas to oil ratios (GORs). The industry, as they do with all shale plays, continues to progress in unlocking the “code” of the Eagle Ford. The sprawling South Texas field has transformed from an emerging
On Wednesday, December 17, Egypt’s Ministry of Petroleum announced that Egypt’s state oil company (EGPC), Houston based Apache Corp. (ticker: APA) and Shell Egypt (ticker: RDSA) have entered into an agreement for the production of unconventional gas using hydraulic fracturing in the Northeast Abuel Garadeek region of Egypt’s Western Desert, about 200km (124.27 miles) west of Cairo. According to the
New York health officials say they will not recommend lifting the frac ban The prospects of using hydraulic fracturing to produce natural gas from the highly productive Marcellus shale basin in the state of New York now seem completely dead. New York health officials released their findings on the practice of hydraulic well stimulation, saying they believe that the long
Oil & Gas 360® received an email from a reader, asking us to think about the spelling of the word Frac versus Frack. Now, dear readers, we are in the Frac camp. For a couple of reasons. First, there’s no “K” in fracture stimulation technologies. A recent article written by Bloomberg used the “K” version of frac: “EnTrans International LLC,
The hydraulic fracturing ban approved by the city of Denton on November 4 comes into effect today, but is already being contested by the industry in Denton’s courts. The Texas Oil and Gas Association (TXOGA) filed a lawsuit calling the ban invalid and unenforceable just hours after the ban was approved. Now, Denton’s attorneys have filed a legal brief calling
The hydraulic fracturing dispute continues in one of the U.S. battleground states Colorado has played host to numerous standoffs involving hydraulic fracturing and its practices. Even though ballot initiatives were dropped in August, the debate of fracing continues on a smaller level in the many communities throughout the state. The political environment has begun to sway in favor of the
After an initial consultation, Britain’s Environment Agency (EA) said it is “minded to grant” privately-held energy firm Cuadrilla permits to frac during exploration for shale gas in Lancashire, England, reports the BBC. The agency has issued a “draft decision” outlining the conditions under which they would allow fracing at the Roseacre Wood site in Lancashire. A second round of consultation
A judge in southwestern Illinois has denied a bid by a landowners group to suspend the state’s new rules for high-volume oil and gas drilling, ruling that the plaintiffs failed to show they would suffer immediate harm if fracing was to go forward, reports Kentucky.com. Madison County Circuit Judge Barbara Crowder rejected the request for a preliminary injunction on Friday,
We all know the emergence of hydraulic fracturing has spurred an energy revolution in North America, but that doesn’t mean there isn’t room for improvement. Operators and service companies alike are constantly evaluating different options and adjusting techniques to fully utilize all wellheads. That includes GASFRAC Energy Services (ticker: GFS.TO), a Calgary-based company who believes its “waterless” formula is a
