Dr. Daniel Fine of the Mining and Minerals Resources Institute at MIT addressed Fletcher students at a talk sponsored by the International Security Studies Program and offered his insights into how the development of new technology will allow the United States to tap vast, previously inaccessible, resources of natural gas that will impact everything from [...]
Buoyed by record production and one-time financial gains, Fort Worth-based Range Resources Corp. posted strong earnings of $77.6 million, or 48 cents a share, on revenues of $348.5 million for the first quarter of 2010. That compared favorably with net income of $32.6 million, or 21 cents a share, on revenues of $276.4 million for [...]
You won’t think much of Rio Blanco County if you ever drive through it. In fact, unless you take a right turn off Interstate-70 West at Rifle, head north on Railroad Avenue and then west on Government road to Colorado state highway number thirteen, odds are you’ll never even step foot in Rio Blanco County. [...]
Quicksilver Resources Inc. is about a decade into the Barnett Shale, but it still has another 10 years of projects ahead, the company’s top executive said last week. The Fort Worth-based oil and gas exploration company began leasing in the North Texas gas play back in the early 2000s and now produces 250 million cubic [...]
Energy company Dominion Resources Inc. has announced a project to harvest, process and transport growing volumes of wet natural gas in West Virginia, Pennsylvania and Ohio, one of many projects in the energy-rich Marcellus region. The Marcellus Shale is a rock bed the size of Greece that lies about 6,000 feet beneath New York, Pennsylvania, [...]
Secretary of State Hillary Clinton said Thursday that the U.S. hopes to aid development of natural gas from shale formations in other western hemisphere countries even as she acknowledged environmental concerns about the resource. “The United States will promote the use of shale gas. I know in some places that is controversial,” Clinton said. She [...]
Petrohawk Energy continued its fundraising juggernaut Tuesday when Kinder Morgan Energy Partners agreed to pay $875 million in cash to form a natural gas gathering and processing joint venture centered on the Haynesville Shale play in Northwest Louisiana. With the creation of KinderHawk Field Services, the small Houston-based exploration and production company will have raised [...]
After letting The Netherlands-based LyondellBasell and Canada-based Value Creation slip through its fingers, Reliance Industries (RIL) managed to take a 40% stake in a section of a shale gas field in north-eastern United States in a $1.7 billion deal. RIL will pay $340 million (Rs 1,600 cr) upfront to US-based Atlas Energy and make follow [...]
Independent oil and gas explorer Goodrich Petroleum Corp said it will buy 35,000 net acres in the Eagle Ford shale and 4,200 net acres in the Haynesville shale in Texas. The Eagle Ford deal involves about $15 million in upfront cash payment while the Haynesville deal has no upfront cash consideration. Goodrich expects to spud [...]
