Archive for the ‘Utica’ Category
Crude oil production in August from the Permian and Bakken is expected to remain below the benchmarks of 2 million b/d and 1 million b/d, respectively, according to projections from the US Energy Information Administration.
Riverstone Investment Group LLC will become a 50-50 partner with Kinder Morgan Inc. in the $500-million Utopia pipeline project in Ohio.
Shell keen on its shale potential worldwide
June 21st, 2016 by Latest News
Royal Dutch Shell PLC considers its shale holdings a growth priority for 2020 and beyond now that the major divested roughly half its US and Canada unconventional properties in recent years, executives told reporters during a June 20 media event at its…
The overall US drilling rig count increased for the second consecutive week, perhaps signifying the beginning of a light rebound in wake of a year-and-a-half-long drilling dive.
Shell advances Appalachian petrochemical project
June 7th, 2016 by Latest News
Royal Dutch Shell PLC subsidiary Shell Chemical Appalachia LLC has taken final investment decision to build a grassroots petrochemical complex about 30 miles northwest of Pittsburgh that will produce ethylene and polyethylene (PE) from low-cost Marcell…
The overall US rig count heads into the Memorial Day weekend unchanged compared with the week-ago total, a sign that the US drilling segment could finally be stabilizing.
Crude oil production in June from the seven major US shale regions is expected to fall 113,000 b/d month-over-month to 4.85 million b/d, according to the US Energy Information Administration’s latest Drilling Productivity Report (DPR).
US rig count falls for 20th-consecutive week as E&Ps continue to trim activity
May 6th, 2016 by Latest News
The US drilling rig count dropped 5 units to 415 rigs working during the week ended May 6, representing the 20th-striaght week of declines, according to Baker Hughes Inc. data.
Hess takes larger first-quarter loss
April 27th, 2016 by Latest News
Hess Corp. reported a first-quarter net loss of $509 million compared with a net loss of $389 million during first-quarter 2015.