Chesapeake Energy Corporation on Wednesday came up with “very strong” initial results from four of a dozen horizontal wells it has been drilling at its Utica Shale play. Revealing the production results for the wet gas and dry gas phases of the play in eastern Ohio and western Pennsylvania, the company said in an update [...]
British Columbia holds two of Canada’s most significant shale gas deposits with resources estimated to provide more than 100 years of supply at current demand levels. The northeastern town of Fort Nelson, a town with just one traffic light and about 4,000 resident, is expected to triple in size, as thousands of workers descend on [...]
Natural gas development in the U.S. will depend not only on what happens in Washington and in statehouses across the country. It could be shaped in part by what happens in a big antelope-dotted field south of this remote valley town. Shell Oil Co. and others are taking steps – some required and others voluntary [...]
In a grim forecast, the Conference Board of Canada has said the country’s natural gas output is all set to slump over the next five years, following declining production in conventional fields and increasing apprehensions whether the new shale reserves will be able to bridge the gap. Alberta’s gas output is projected to fall by [...]
By SteveLeVine The shakeup over shale gas — a newly available fuel that has overturned assumptions about energy, climate-change and geopolitics — has now stretched across the Atlantic to England. A drilling company backed by John Browne, the former CEO of BP, says it has discovered the gas equivalent of up to 35 billion barrels [...]
Canada’s federal Conservative government is launching two separate studies into hydraulic fracturing and its potential environmental impact. The move comes as jurisdictions around the world, including Quebec, New York State and France, have halted fracturing operations amid pressure from concerned groups to study the technique’s use in tapping vast energy resources in shale and other [...]
The United States plans to offer about 3 million acres of its onshore territory in Alaska for oil and gas leases later this year, a statement by the U.S. Bureau of Land Management (BLM) said on Tuesday. As per the BLM’s draft plan of the upcoming lease sale, 283 tracts are up for grab in [...]
According to a Quinnipiac University poll, New Yorkers are almost evenly split over natural gas drilling in the Marcellus Shale formation that lies under the state. About 45 percent favor drilling because of economic benefits and 41 percent oppose it because of environmental risks, according to the survey of 1,016 registered voters released today. The [...]
Daniel Yergin’s new book examines America’s ‘Quest’ for energy: A television ad running in upstate New York has been warning residents that the state’s water supply is headed for ruin. “New York tap water has always been the best in the world,” it says. “In places where gas companies are already using a dangerous process [...]
GeoPark Holdings Limited, the Latin American oil and gas explorer and producer, has announced an in-principle agreement with LG International Corporation (“LGI”), the Korean conglomerate, for LGI to acquire an additional 10% interest in GeoPark’s Chile business for US$78 million in cash. The Transaction, which is subject to approval from both GeoPark’s and LGI’s Board of [...]
