Hydraulic Fracturing Archives

European Conglomerate Spends $7.6 Billion for a Role in United States Shale

September 22, 2014

On September 22, 2014, Siemens (ticker: SIE), an $84 billion market cap engineering and electronics conglomerate based in Germany, announced the acquisition of Dresser-Rand (ticker: DRC) for $7.6 billion (Euros). Dresser-Rand is one of the world’s largest equipment suppliers in the oil and gas industry and specializes in rotating equipment solutions. The deal involves $6.4 billion in cash and the

Well Casing and Cement Failures—Not Fracing—Led to Contaminated H2O Wells

September 18, 2014

Duke, Ohio State, Stanford, Dartmouth, Rochester scientists conclude that failed pipe and cement allowed gas to leak The first peer-reviewed comprehensive studies testing drinking water quality and any links to nearby shale gas production have found that the well completion process known as hydraulic fracturing was not the cause of any migration of gas into contaminated wells. The study results

Shale Boom Benefits Keep Piling Up

September 17, 2014

The benefits of the shale boom are apparent. In the six year span from 2008 to 2013, crude oil production in the United States jumped by 43.7% (12,311 MBOEPD in 2013 compared to 8,563 MBOEPD) and gas production climbed 20% (24.3 Bcf/d from 20.2 Bcf/d). The United States, long dependent on the imports of foreign oil, is now speaking aloud

ETP Simplifies Structure with $20 Billion Sunoco Acquisition

E&Ps Finding the Powder River Basin is an Oil Play

September 15, 2014

The Powder River Basin (PRB), an area in Wyoming traditionally exploited for its coal resources and coalbed methane gas opportunities, has more than doubled its oil output since 2009. The Energy Information Administration’s (EIA) Today in Energy segment for September 15, 2014, credits the rise in production to new drilling and completion practices, or largely the use of horizontal drilling

Another Record for North Dakota: 1.1 Million Barrels of Crude per Day

September 12, 2014

Flaring decreases to 26% The State of North Dakota has chalked up another record. July production numbers are in—the state produced 1,110,642 barrels of oil per day in July. The numbers broke down as follows: Bakken/Three Forks Shale: 1,047,034 BOPD (94%), conventional oil: 63,608 BOPD (6%). Seventy percent of July production was from 7,862 unconventional Bakken/Three forks wells, and 30%

How Colorado’s U.S. Senate Candidates Compare on Energy

September 9, 2014

Udall is fighting for a 25% national RES, a carbon tax, wind tax credits, LNG exports and more nuclear. Gardner wants easier permitting to drill on federal lands and Alaska’s outer shelf, wind tax credits, LNG exports and more nuclear. Incumbent Democrat Senator Mark Udall and his Republican challenger U.S. Congressman Cory Gardner are engaged in a battle for Udall’s

Royal Dutch Shell Touts Utica Discovery Near New York

September 9, 2014

The Utica is growing. Royal Dutch Shell (ticker: RDS.B) successfully drilled two Utica wells 100 miles northeast of the nearest producer in the play, the company announced in a press release on September 3, 2014. The wells, located in Tioga County, Pennsylvania, not only extend the sweet spot of the play, but are “comparable to the best publically announced thus

MLPs: Moving Energy from Wellhead to End User

September 5, 2014

Midstream infrastructure has emerged as a hot topic in the oil and gas space. A common theme heard at E&P investor conferences and recent earnings calls is new supply is being produced from the shale basins at a faster rate than the amount of midstream infrastructure available to collect, process and transport it to market. While E&Ps are focused on finding

Oryx Petroleum Resumes Operations in Iraq

September 4, 2014

After security concerns in the region prompted a mid-August suspension of operations on its Hawler license in the Kurdistan Region of Iraq, Oryx Petroleum Corporation (ticker: OXC) announced that it has now resumed crude oil production and sales into the domestic market at the Demir Dagh field at rates in excess of those prior to the temporary halt in August.

Enhanced Oil Recovery may have A Secret Weapon

September 3, 2014

You don’t need to consult an engineer to know each and every shale play is different. Generating the highest possible recovery is a constant chess game run by E&Ps around the globe, and every play has something else to offer. The trend of increasing fracturing stages and proppant/sand use per stage was a popular topic in breakout sessions at EnerCom’s

District Judge Overturns Lafayette, Colo.’s Charter Amendment Banning All Oil and Gas Activity

August 28, 2014

In November, voters in the city of Lafayette, Colorado approved Ballot Measure 300, which banned all “oil and gas extraction and related activities” within the Lafayette city limits. Lafayette is at the western edge of the Wattenberg field in the Denver Julesburg Basin, where horizontal drilling into the Niobrara has taken off in the past three years. On Aug. 27,

Horizontal Drillers Plowing Ahead in the Wattenberg

August 27, 2014

Energy Companies Discussed their Colorado Operations at EnerCom’s The Oil & Gas Conference 19® Weld County, Colorado, is home to the Wattenberg Field, where horizontal drilling and hydraulic fracturing and complex well completion techniques are creating Colorado’s shale boom. Operators are going after oil and gas trapped in layers of shale about 7,000 feet beneath Weld County’s rich farmland and

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