Archive for the ‘Utica’ Category
The US drilling rig count edged down 1 unit to 568 during the week ended Nov. 11, according to Baker Hughes Inc. data. However, US exploration and production firms continue to add rigs to their fourth-quarter and 2017 drilling plans, disclosed in recen…
Units targeting crude oil, drilling horizontally, and focused on the Permian basin continue to drive current and planned US rig-count increases.
DTE Energy closes $1.3-billion purchase of Appalachia midstream gas assets
October 24th, 2016 by Latest News
DTE Energy Co., Detroit, has completed its $1.3-billion acquisition of midstream natural gas assets in Pennsylvania and West Virginia.
Atlantic Coast Pipeline LLC, which has proposed a 600-mile, 1.5-bcfd natural gas transmission pipeline to bring Marcellus-Utica shale gas to Virginia and North Carolina, has signed a construction contract with Spring Ridge Constructors LLC, a joint ven…
Estimates by the US Energy Information Administration indicate the August count of drilled but uncompleted (DUC) wells in the seven major US shale oil- and gas-producing regions totaled 5,031, down slightly from the 5,065 counted in July.
BHI: US rig count nears return to 500 despite drop in gulf activity
September 2nd, 2016 by Latest News
A week in which offshore operators braced for a potential hurricane strike didn’t prevent another rise in the overall US rig count.
The Permian held out roughly a year before joining the other major US shale regions in crude-oil production declines during the current downturn. Now, after a string of losses, growth from the West Texas and southeastern New Mexico basin is expected ag…