U.S. oil exploration company Coterra Energy entered a plea of no contest to water contamination in Dimock, Pennsylvania. The post Coterra Energy pleads no contest to water contamination in Pa. appeared first on Shale Gas Reporter. This post appeared first on Shale Gas Reporter.
Read More...Area Energy, a joint venture between Shell and ExxonMobil, has agreed to sell more than 23,000 wells in California to IKAV for an estimated $4 billion. The post Experts worry Shell, Exxon sold over 23,000 wells to avoid the cost of cleanup appeared first on Shale Gas Reporter. This post appeared first on Shale Gas
Read More...North American oil and gas firms have cut their total debt by a combined $26 billion since the end of of 2019. The post North American oil and gas firms cut debt by $26B since 2019 appeared first on Shale Gas Reporter. This post appeared first on Shale Gas Reporter.
Read More...The EIA reported the least amount of drilled but uncompleted wells across the United States since the agency started tracking that metric in October 2013. The post EIA: Drilled but uncompleted well count continues declining in US appeared first on Shale Gas Reporter. This post appeared first on Shale Gas Reporter.
Read More...An analysis by the Center for American Progress suggested oil and gas leasing is favored on public lands over renewables development in western states. The post Report finds oil and gas leasing is favored on public lands over renewable projects appeared first on Shale Gas Reporter. This post appeared first on Shale Gas Reporter.
Read More...ESG: Heavenly Wisdom from A Good Place or Fiery Propaganda? Jason Spiess IHost of The Crude Life, “Everyday Energy For Everyday People” Multi-Media Journalist … [Editor’s Note: Our friend Jason Spiess, host of The Crude Life, has now created ESG University, where the dangers of ESG and those who are relentlessly pushing it are exposed.
Read More...Verde Bio Holdings, Inc. recently agreed to a deal that includes oil and natural gas assets in the DJ Basin of Colorado, the Piceance Basin of northwest Colorado and the Utica Shale of eastern Ohio, according to Yahoo Finance. The company has agreed to purchase the portfolio of mineral and royalty interests held by a
Read More...Since taking office president Joe Biden and his administration have presented some challenges and created a lot of uncertainty for the oil and gas industry, according to Farm and Dairy. The first of Biden’s executive orders to impact the industry was the cancellation of the Keystone XL oil pipeline, which would have sent oil from
Read More...The global petrochemical market is projected to grow by as much as 5% a year until 2030 from $435 billion to $729 billion, according to Precedence Research, a Canadian marketing research organization. The increase in petrochemical consumption will be driven by the increasing use of petrochemicals in industrial applications such as construction, automotive, aviation, food,
Read More...There’s plenty of potential for “significant” oil and natural gas infrastructure development through 2025 as the U.S. economy recovers from COVID-19 and exports increase, according to ICF Resources Inc. ICF completed two scenarios of North American oil and gas markets through The first modeled infrastructure development prior to COVID-19. The second attempted to fully capture
Read More...Resistance from legislatures within both parties could make President-elect Joe Biden’s promise to end U.S. fossil fuel subsidies hard to keep, according to Reuters. The subsidies are worth billions of dollars a year to drillers and miners. Biden has said getting rid of them will generate money to pay for his $2 trillion climate plan. However, reforming tax breaks
Read More...The North American oil and gas industry saw fewer bankruptcies in October with only three, according to the latest monthly Oil Patch Bankruptcy Monitor report published Tuesday by Haynes and Boone LLP. However, despite seeing a slowdown, the industry hit an unwelcome milestone in October, recording its 250th bankruptcy filing since Thanksgiving 2014. Furthermore, more
Read More...After pushing U.S. oil and natural gas production to record numbers, producers are beginning to pull back production amid low prices, according to The Wall Street Journal. Some of the country’s largest natural gas drillers, including EQT Corp. and Chesapeake Energy, plan to make the sharpest production cuts. Simultaneously, oil-focused companies are promising to rein
Read More...Has the technology that drove the U.S. shale boom finally peaked? One thing is clear, oil production is leveling off as innovation plateaus, according to a recent article by The Wall Street Journal. U.S. oil production increased by less than 1% during the first six months of 2019, according to the Energy Department. Over the same
Read More...There are plenty of reasons a shale well may be drilled, but not completed and producing, according to Farm and Dairy. The well’s operator could be waiting for a pipeline to be connected, a crew to complete it or better markets. Maybe the well was drilled to hold a lease and never put into production.
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