In October, OAG360 examined the internal rate of return (IRR) in two of America’s key shale basins – the Eagle Ford (EF) and Bakken. EnerCom’s analysis showed the Eagle Ford is more economic than its rival basin by a handful of percentage points, no matter the price. Oil prices for West Texas Intermediate crude have hovered around the $75 per
Innovation: small electric generators will use bottled up Marcellus gas for distributed electricity; small scale GTL plant for Houston gets greenlight to turn natural gas and ethane into transportation fuel Pennsylvania’s IMG Midstream L.L.C. plans to supply the Marcellus shale region with at least a dozen 20 megawatt (MW) electrical generation stations to support regional production. The stations are intended
A natural gas market with intense competition and possible oversupply will not deter Cabot Oil & Gas (ticker: COG) from increasing production volumes by 20% to 30% in 2015, the company said on Friday. Cabot, the second largest producer in the Marcellus Shale, increased production by 3.7% on a quarter-over-quarter basis in its Q3’14 earnings release. The volume is a
Takeaway Record for Eureka Hunter Follows Magnum Hunter Resources (ticker: MHR) is betting big in the Marcellus/Utica, and a company announcement on September 24, 2014, supports its assessment. The Stewart Winland 1300U well in Tyler County, West Virginia, returned an initial production rate of 46.5 MMcf after being drilled to a true vertical depth of 10,825 feet (including a 5,289
The EIA released its August Natural Gas Monthly report, including production data through June as follows: Preliminary dry gas production for June 2014 of 2,106 billion cubic feet (Bcf) or 70.2 Bcf/day. This is the fourth consecutive month where the Bcf/day dry production value set the record for the highest ever for any month. June’s 70.2 Bcf/day is a slight
The industry will celebrate the 10th Anniversary of the first Marcellus well that was drilled by Range Resources back in October 2004. Jeff Ventura appeared on CNBC’s Mad Money with Jim Cramer to discuss near-term production growth objectives in the Marcellus. Important disclosures: The information provided herein is believed to be reliable; however, EnerCom, Inc. makes no representation or warranty as
Royal Dutch Shell (ticker: RDS.A) is shifting around its U.S. onshore assets. Yesterday, the company announced it will acquire 155,000 net acres in the Pennsylvania Marcellus and Utica from Ultra Petroleum (ticker: UPL). Ultra agreed to pay Shell $925 million for 100% of Shell’s Pinedale asset in Wyoming. In separate agreement, Shell has agreed to sell 100% of its Haynesville
Experts were predicting half way through 2013 that what was unthinkable just a year before might actually happen in 2013: the Marcellus gas production might reach 10 Bcf/day. The shale deposit that now accounts for almost 40% of U.S. shale gas production blew past that milestone and it has now achieved another milestone: natural gas production in the Marcellus region surpassed
Almost half of the state of New York is underlain by the Marcellus shale, the nation’s most prolific natural gas deposit. But thanks to a long running delay in permitting—to study hydraulic fracturing—ever since 2008, the State of New York has dragged its feet on shale development. In doing so it has kept landowners, citizens, municipalities and itself from benefiting
Rice Energy (ticker: RICE) is an independent natural gas and oil company engaged in the acquisition, exploration and development of hydrocarbons in the Appalachian Basin. The company filed its initial public offering in January 2014. Approximately 33% of the company’s shares are owned by management following the closing of $900 million in unsecured senior notes in April 2014. Proceeds from
Acute need: 6 new pipeline projects under construction + 19 awaiting approval could add 3.5 Bcf/d capacity in 2015 The United States natural gas boom, spearheaded by the expanded development of the Marcellus Shale, has boosted the country to become the world’s top natural gas producer. Reports from the EIA show production from the Marcellus has increased, on average, by
https://www.oilandgas360.com/wp-content/uploads/2014/10/ATLS_CNBC-2014.mp4 Ed Cohen, Atlas Energy LP CEO was on CNBC Europe’s Worldwide Exchange to discuss the current energy revolution in NA and how he thinks it will affect the global markets. … Username or E-mail Password Remember Me Forgot Password
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