MarcellusrigCAbot

Cabot Oil & Gas unveils first 10-well pad in Marcellus Shale

Cabot Oil & Gas Corporation has reported results from its first 10-well pad in the Marcellus Shale. “This 10-well pad represents the new standard for operational efficiencies and technological advancement in our Marcellus operations,” said Dan O. Dinges, Chairman, President, and Chief Executive Officer. “From de-risking of the Upper Marcellus and downspacing initiatives in the…

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EIA

Robust natural gas supply narrows spread between futures, spot prices – EIA

Colder weather helped raise the price of the front-month natural gas futures contract, which increased on eight consecutive trading days from November 19 to December 2, with the price reaching $3.988/million British thermal units (MMBtu), its highest level since June 5, 2013, according to the US Energy Information Administration (EIA). Despite this rally in prices,…

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Poland predicts commercial shale gas production for next year as minnows lead exploratory drilling

Poland will begin commercial production of shale gas next year, the Deputy Environment Minister Piotr Wozniak has predicted, in the process becoming the first state in European Union to use the controversial technique known as fracking. Mr Wozniak was speaking after UK listed company San Leon Energy published encouraging further results from a test well…

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India’s ONGC starts shale gas exploration wells this week

India this week begins its first commercial exploration of shale gas, with state-run Oil and Natural Gas Corporation (ONGC) launching drilling operations at Jambusar in Gujarat. The Indian Government’s so-called first phase policy guidelines on the exploration and exploitation of shale gas and oil by national oil companies have been in place since September. ONGC…

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