Archive for the ‘Utica’ Category
The US drilling rig count dropped 9 units to 431 during the week ended Apr. 22, the 18th-straight week in which the count has fallen, according to Baker Hughes Inc. data. Last week’s 3-unit loss was the smallest of the year thus far.
The overall US drilling rig count shed 3 units—all targeting oil—during the week ended Apr. 15 to settle at 440 rigs working, representing its smallest decline of the year thus far, according to data compiled by Baker Hughes Inc.
One week after hitting an all-time low in recorded data, the overall US drilling rig count posted its smallest decline of the year thus far, reflecting the first rise in oil-directed rigs in 12 weeks.
TransCanada Corp., Calgary, has agreed to acquire Columbia Pipeline Group Inc. of Houston for $13 billion, including the assumption of $2.8 billion of debt.
US rig count hits all-time low in recorded data
March 11th, 2016 by Latest News
The overall weekly US rig count is now at its lowest point in Baker Hughes Inc. data that begins in the 1940s, and perhaps since the infancy of US oil and gas industry in the mid-19th century.
One year after the US shale oil production began its decline, output form the Permian basin is finally projected to follow suit.
Antero increases Marcellus focus due to Utica ‘transportation constraints’
February 19th, 2016 by Latest News
Antero Resources Corp., Denver, reported that it will further shift activity to the Marcellus from the Utica in 2016 due to “firm transportation constraints” in the Ohio shale play.
Sunoco Logistics Partners LP, Philadelphia, has let a construction management contract to Fluor Corp., Irving, Tex., for the Mariner East 2 natural gas liquids pipeline project.