Technology revolution will reveal a more effective, less costly option for the energy sector, but to the detriment of humans.
The Commonwealth’s leaders want to use the state’s position as a world natural gas giant as a catalyst for significant job and revenue growth.
The industry will have an even lower than expected ceiling on the level of working gas storage at the start of the heating season.
Marcellus and Utica production has resulted in more than $25 billion worth of new gas-fired power plants in Pennsylvania, Ohio and West Virginia.
Range agreed to sell overriding royalty interest in leases where the company pioneered the Marcellus Shale in Washington County, Pa.
Decline curves, well interference, takeaway capacity and drilled but uncompleted wells were among the topics discussed by a group of panelists.
Brent and WTI have backed off recent highs. Brent fell $2.42/bbl last week to average $82.54/bbl.
Analysts expect the acquisition of Magnum—the number two player in dissolvable frack plugs—to give Nine Energy Service ‘incremental exposure’ to the downhole tools market.
Marcel van Poecke is contributing to Carlyle’s $4 billion energy fund.
Plus, Exxon Mobil donates to a PAC promoting U.S. carbon tax, offshore drillers Ensco and Rowan agree to merge and Chevron exits Norway.
Prices are careening wildly and they won’t stabilize anytime soon, say analysts.
Perceptions have changed for the better for the emerging oil and gas play as activity increases and others move into the neighborhood.