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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US Study: Trace amount of drilling fluid found in water well in Marcellus

Toxic fluids used in drilling and hydraulic fracturing likely escaped an unlined borehole and migrated thousands of feet into a residential drinking-water supply in Pennsylvania, according to a study just published. At least three water wells in Bradford County, located in the heart of the Marcellus Shale drilling boom, were found to be contaminated with…

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