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Natural gas re-emergence inAmerica’s Haynesville Shale

As an ageing, dry, but nowhere near dead, natural gas titan in Northwest Louisiana and Eastern Texas, the Haynesville is America’s third largest shale play, now yielding around 6.3 Bcf/d and potentially holding nearly 500 trillion cubic feet of gas. With only a few oil-directed rigs, the Haynesville accounts for less than 1% of U.S. shale oil…

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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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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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Falling natural gas prices slash Marcellus shale producers’ revenue

The head of Pennsylvania’s largest shale gas producer concluded his quarterly earnings call on Friday with a dark view of the situation confronting shale drillers in the Marcellus. “I have been in this business over 30 years. I’ve seen a lot of cycles, and this is one of those draconian, down markets,” Dan Dinges, CEO…

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Refracking still a boutique technique without more investment, innovation

With the once mighty North American shale revolution slowing due to the collapse in crude oil prices, many industry players are betting on the same action—recompletions of horizontal wells. The technique—commonly referred to as refracking—has a long way to go before it can become the next chapter in the shale revolution, said Christopher Robart, MD,…

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Oklahoma shale drilling regulator says spike in earthquakes is a ‘game changer’

A spike in earthquakes across Oklahoma is forcing the state’s energy regulator to urgently consider tougher restrictions on drilling activity, a spokesman said on Wednesday, calling it a “game changer”, according to news agency Reuters. From June 17 to 24, there have been 35 earthquakes of magnitude 3.0 or greater in the state, according to…

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Waterless fracking test well in US isn’t doing too well

While the oil and gas industry was excited about the idea of waterless fracking and the environmental and health benefits that it would bring, a test well in Ohio well has not yet demonstrated commercial potential. The $22 million test well operated by EV Energy Partners, along with eight other companies, in Tuscarawas County, Ohio,…

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