Archive for the ‘Marcellus Shale’ Category
The US drilling rig count jumped 21 units to 789 during the week ended Mar. 17, continuing a recent surge in a drilling rally that dates back to May 27, 2016, according to Baker Hughes Inc. data.
EIA: Oil output from major US onshore regions to rise 109,000 b/d in April
March 14th, 2017 by Latest News
Crude oil production from the seven major US onshore oil and gas
producing regions is forecast to increase 109,000 b/d during April to
4.962 million b/d, according to data from the US Energy Information
Administration’s Drilling Productivity Report.
The prolific Marcellus shale may be a rich source for microbial life,
which could help refill the important domestic natural gas reservoir by
producing methane, scientists at one of the US Department of Energy’s National Energy Technology Research Laboratories have found.
The US drilling rig count increased a mere 3 units during the week ended Feb. 24 following 5 straight weeks of double digit gains, according to Baker Hughes Inc. data.
EIA sees 80,000 b/d rise in March from major US onshore producing regions
February 13th, 2017 by Latest News
The US Energy Information Administration projects crude oil production from seven major US onshore producing regions to climb 80,000 b/d month-over-month in March to 4.873 million b/d.
EQT Production Co., a subsidiary of Pittsburgh-based EQT Corp., has
won a bankruptcy auction to acquire 53,400 core net Marcellus acres,
including drilling rights on 44,100 net acres in the Utica, from Stone Energy Corp., Lafayette, La., for $527 mil…
MPLX LP wholly owned subsidiary MarkWest Energy Partners LP and Antero Midstream Partners LP
have formed a strategic joint venture to support development of
Marcellus shale acreage in the rich-gas corridor of West Virginia.
BHI: US rig count up 17, surpasses 700 mark
January 27th, 2017 by Latest News
The US drilling rig count increased by 17 during the week ended Jan. 27 to 712 active units, according to data collected by Baker Hughes Inc.
The overall rise continues to reflect a resurgence in units targeting
crude oil, drilling horizontally, and …
The US rig count has posted its largest increase since the beginning of the shale oil and gas boom.