Fast growth, capacity on track for northeast US shale gas pipelines

A surge in pipeline capacity for natural gas in the U.S. Northeast this year and next is expected to boost profits for producers and help hold down prices for Midwest and East Coast buyers. The $13.8 billion infrastructure build-out involves seven large pipeline proposals that will take gas in all directions. Producers in the Marcellus…

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U.S. energy firms descend on West Texas’ Permian Basin as oil recovers

In most U.S. shale oil regions, energy firms are making strategic but cautious bets as the price of oil holds above $50 a barrel. In the Permian Basin of West Texas, the largest U.S. oil patch, the industry poured more than $28 billion into land acquisitions last year – more than triple what they spent…

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Eagle Ford shale takes big spending hit during the oil bust: Wood Mackenzie

Across the US, no other oil field has been hit with bigger spending cuts than the Eagle Ford formation, according to a new report by oil industry analysts Wood Mackenzie. Investments in the 26-county Eagle Ford field that is spread across South Texas plummeted by two-thirds to an estimated $10 billion this year from just…

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Shell puts revamped shale arm at heart of future growth: Reuters

Royal Dutch Shell is putting unconventional energy at the heart of its long-term growth plans, and believes lessons from the revamp can be applied across the company, according to an exclusive report by Reuters news agency. Greg Guidry, head of the Anglo-Dutch group’s unconventionals business, told Reuters a drive to slash costs and streamline decision-making…

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The US shale revolution has not paid investors well

We have all heard of the “shale revolution”. It has been touted as the energy panacea of our time. Given the extreme hype, one would expect that such enthusiasm would translate into above average share performance for shale operators. This has not been the case. Share performance has actually been quite mediocre and in some…

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Oil & gas firms pay $630m in Pennsylvania shale drilling fees

Anadarko Petroleum, Chesapeake Energy and others will pay the US state of Pennsylvania about $225 million in fees this year for drilling in the gas-rich Marcellus Shale, but critics of state law say they aren’t paying enough. Recurring drilling fees on nearly 6,500 natural gas wells will bring more than $630 million to state coffers…

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Colorado enacts first methane leakage capture rules in US

Colorado became the first state in the United States to enact air quality rules that included measures to regulate methane emissions from oil and gas drilling. The Colorado Air Quality Control Commission wrapped up a five-day public hearing on regulations that would target air pollution and smog, approving a plan that was introduced in November…

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