Post Tagged with: "fracking"

Exxon May Crush Bailout Hopes for Suffering Fracking Companies

Exxon May Crush Bailout Hopes for Suffering Fracking Companies

DESMOG

Oil & Gas 360 Publishers Note: Justin Mikulka has written an outstanding opinion piece of current issues surrounding the oil companies dire straights. The key takeaway:" “What happens?” Sheffield said. “As you know there's about 74 public independents, there’s

Exxon May Crush Bailout Hopes for Suffering Fracking Companies

Exxon May Crush Bailout Hopes for Suffering Fracking Companies

DESMOG


Oil & Gas 360 Publishers Note: Justin Mikulka has written an outstanding opinion piece of current issues surrounding the oil companies dire straights. The key takeaway:” “What happens?” Sheffield said. “As you know there’s about 74 public independents, there’s

Source: Houston Chronicle

Fracking giants warn shale crash will be faster this time

Houston Chronicle


Two of the world’s biggest oilfield service companies are warning of a bigger shale crash than the one that hit the U.S. and Canada just five years ago.

While the decline in North American drilling rigs could approach …

Source: Houston Chronicle

Chevron CEO sees obligation to explain fracking to politicians

Houston Chronicle


Chevron Corp. Chief Executive Officer Mike Wirth said he’s open to discussing fracking with whoever wins the 2020 U.S. presidential election.

Just hours after unveiling plans to double oil production in the Permian Basin over the next five …

March 4, 2020 - 1:00 pm Closing Bell Story‎, Crude Oil News, Energy News, People
Source: Houston Chronicle

Studies: Water reuse key to the future of shale

Houston Chronicle


Reusing oil field wastewater for hydraulic fracturing operations will be critical to maintaining productivity in U.S. shale plays, a pair of studies reveals.

In a pair of studies releases earlier this month, scientists with the University of Texas …

February 21, 2020 - 3:00 pm Closing Bell Story‎, Crude Oil News, Energy News, Fracing, Water
Source: Reuters

UK shale gas explorers’ shares fall on fracking moratorium

Source: Reuters


LONDON (Reuters) – Shares in British shale gas explorers fell on Monday morning after the government announced at the weekend that it is imposing a moratorium on fracking.

On Saturday the government said that the gas extraction technique …

Halliburton Cuts 8% of North American Jobs in Frack Slowdown

Halliburton Cuts 8% of North American Jobs in Frack Slowdown

From Bloomberg


Company executing new ‘playbook’ to deal with customer changes, shale producers are trimming spending amid investor pressure

Halliburton Co. is shifting strategy in its largest region to deal with subdued customer spending by trimming 8% of its North …

The Permian Oil Boom Is Showing Signs of Overheating

The Permian Oil Boom Is Showing Signs of Overheating

Shortages of sand, pipelines, and manpower could jeopardize America’s future as an energy superpower

At 10:30 p.m. on an 85F August night in Penwell, in West Texas, a 69-year-old repairman is hammering away at the frame of an 18-wheeler in …

Pennsylvania Had Record Year for Natural Gas Production

Pennsylvania Had Record Year for Natural Gas Production

From Trib Live


Pennsylvania had a record year for natural gas production in 2018, the state Department of Environmental Protection said on Wednesday.

Unconventional well operators produced 6.1 trillion cubic feet of natural gas in 2018 — an increase of …

Source: U.S. Well Services

U.S. Well Services Deploys Clean Fleet to Permian

By Tyler Losier, Energy Reporter, Oil & Gas 360

PowerPath technology will be utilized at 16 wells
U.S. Well Services (stock ticker: USWS) has deployed its all-electric hydraulic fracturing Clean Fleet, powered by a technology it calls PowerPath, to the

EcoStim Energy Solutions provides completion and stimulation services in Argentina's Vaca Muerta shale play.

The Dead Cow Finally Produces Oil, a Century After Its Discovery

From Bloomberg


Argentine shale formation sees first crude and LNG shipments, drillers still face many infrastructure, political challenges

Along the western edge of Argentina’s Patagonia, on an arid steppe nestled against the Andes mountains, lies a shale formation known as …

Source: Jefferies Group Facebook Page

Dirty Water Holds Biggest Promise for Pipeline Companies, Jefferies Says

From Bloomberg


For companies that haul oil and natural gas, the next big thing may be dirty water, according to Jefferies Group LLC.

As booming U.S. oil production unleashes a torrent of contaminated water that rises to the surface with …

Equals to Merge

Equals to Merge

By Tyler Losier, Energy Reporter, Oil & Gas 360

Oilfield service consolidation rolls on
C&J Energy Services (stock ticker: CJ) and Keane Group, Inc. (stock ticker: FRAC) have entered into a definitive agreement to combine in an all-stock merger of

Crestone Peak’s “Re-entry into Boulder County” Takes Another Step Forward

Crestone Peak’s “Re-entry into Boulder County” Takes Another Step Forward

Crestone Peak submits 4th Draft of Comprehensive Drilling Plan to COGCC

Crestone Peak Resources, the privately held DJ Basin operator that is developing Encana’s former assets in in Northern Colorado, is getting a little closer to planting its flag …

Nova Scotia Urged to Rethink Frac Ban

Nova Scotia Urged to Rethink Frac Ban

From CBC Canada

Nova Scotia’s Liberal government is being urged to revisit its ban on hydraulic fracturing following the release of a new Energy Department analysis that found onshore natural gas resources in the province are worth between $20 billion …

January 10, 2018 - 2:12 pm Canada, Closing Bell Story‎
Permian: Oil, Water Producers Learn How to Comply with New Mexico Mandate to Reduce Ogallala Freshwater Use

Permian: Oil, Water Producers Learn How to Comply with New Mexico Mandate to Reduce Ogallala Freshwater Use

From the Carlsbad Current-Argus

Many oil and gas operators and water producers in the Permian Basin region are adjusting their operations to conserve water from one of the country’s largest underground aquifers, six months after the New Mexico State Land …

Basic Energy Services: Higher Activity, Higher Prices Point to Growth in 2017

Basic Energy Services: Higher Activity, Higher Prices Point to Growth in 2017

In response to cycles in the industry, Basic Energy Services (ticker: BAS) has a formula that is proving out. With a presence in most major U.S. oil producing regions, Basic has built its business on well services during every stage …

Trump: Maybe We Should Leave Fracing Up to the Voters

Trump: Maybe We Should Leave Fracing Up to the Voters

Source: WPX

Federal Judge Strikes Obama’s Fracing Ban

A federal judge in Wyoming has issued a final ruling to refute the executive branch’s ban of hydraulic fracturing on public land. U.S. District Judge Scott Skavdahl issued the final ruling on June 21, 2016, upholding a preliminary injunction he …

Renewable Energy could Replace Fossil Fuels for Power Gen by 2066: an OAG360® Exclusive Interview with NREL Director Martin Keller

Renewable Energy could Replace Fossil Fuels for Power Gen by 2066: an OAG360® Exclusive Interview with NREL Director Martin Keller

If Martin Keller’s prediction comes true, in 50 years the U.S. won’t be using nearly the amount of crude oil, refined petroleum products, natural gas or coal as the legacy energy industry has been supplying for the past 100 years

Three Colorado Ballot Proposals Could Stop or Reduce Oil & Gas Development

Three Colorado Ballot Proposals Could Stop or Reduce Oil & Gas Development

98,500 Valid Colorado Voter Signatures Due in 60 Days

While a November voter approval for a proposed Colorado constitutional amendment posed by initiative #78 would effectively put an end to new shale development activities in the state, there are two …

Colorado Governor John Hickenlooper

End of the Shale Boom in Colorado?

Remember this Number: #78

Hydraulic Fracturing Effectively Shuts Down in Colorado if Initiative #78 Passes: COGCC Report

Roughly 90% of Colorado – 60 Million Acres – would be Taken Out of Play by Proposed Mandatory Setback

As a record 38

Fracing Has Become a Litmus Test of Principle

Fracing Has Become a Litmus Test of Principle

Rupert Murdoch: a man who believes America is exceptional

The following are Rupert Murdoch’s remarks to the Hudson Institute, Nov. 30, 2015 – published with permission of the author

Before I thank you Henry [Kissinger], and before delivering my modest …

Frac Sands Feeling Pressure

Frac Sands Feeling Pressure

Frac sand companies could continue to feel strain even if oil makes a recovery

Every corner of the oil and gas industry has felt the effects of lower commodity prices since prices fell off drastically November of last year. Even …

April 27, 2015 - 6:59 pm Commodity Pricing, Fracing, Oil and Gas 360 Articles
Colorado Governor John Hickenlooper

Hickenlooper: We Need One Set of Regional Oil & Gas Regulations for the Western States

An OAG360® Exclusive: Interview with John Hickenlooper, Governor of Colorado

Listen to the interview

Colorado enjoys robust energy development as an integral piece of its economy. It’s the seventh most productive oil state, sixth in natural gas production and …

Wyoming Governor Matt Mead

An OAG360® Exclusive: Interview with Matt Mead, Governor of Wyoming

“Energy prices touch everything we do.”

Listen to the interview

Wyoming is the most energy intensive state. It’s the largest U.S. coal producer, producing about 40% of total coal mined per year in the U.S. It’s the country’s eighth most …

April 10, 2015 - 4:39 pm Oil and Gas 360 Articles, Regulatory, Straight Answers
Approved: Hydraulic Fracturing Allowed under Ohio River

Approved: Hydraulic Fracturing Allowed under Ohio River

The West Virginia Department of Commerce will allow hydraulic fracturing under the Ohio River, according to reports from local media outlets. The state had previously leased out about 474 acres of land in Marshall and Wetzel counties and retains a …

Close proximity of oil and gas drilling operations to residential real estate developments creates problems for operators and homeowners.

Erie, Colo. Town Council Votes Against Postponing Drilling Permits in the Wattenberg

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 …

“To Frac or to Frack, That is the Question”

“To Frac or to Frack, That is the Question”

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 …

December 10, 2014 - 2:50 pm Fracing, Oil and Gas 360 Articles
Broomfield, CO next up in the Fracturing Ban Debate

Broomfield, CO next up in the Fracturing Ban Debate

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 …