The energy landscape is changing fast with so-called “unconventional” forms fast becoming the new norm, says accounting firm Ernst & Young. Of the $317 billion worth of oil and gas deals struck in 2011, $66 billion were shale-related transactions, up from $55 billion the year before. That trend is set to continue, and at the [...]
Claudia Cattaneo of the National Post discusses why shale gas is the place to be: The Obama administration’s endorsement last week of shale gas as a major pillar of its made-in-America energy vision ensures a long-term future for the resource. The big question is: How does the North American sector survive today’s depressed market environment [...]
Total SA has increased its exposure to US shale holdings by entering into a joint venture with shale industry leader Chesapeake Energy and EnerVest Ltd. Total agreed to pay $700m for a 25 per cent stake in shale assets totalling 619,000 acres rich in liquids as well as natural gas, held by Chesapeake and EnerVest [...]
In a move directed at increasing its unconventional footprint, Norway’s Statoil is acquiring Texas-based oil company Brigham Exploration for $4.4bn. The deal will provide Statoil with unconventional or ‘tight’ oil production via Brigham’s 375,000 acre holding in the Bakken shale region in North Dakota. “Entering the Bakken and Three Forks tight-oil plays and taking on [...]
1. Exxon Mobil The biggest natural gas producer is also the country’s biggest oil company and one of the most profitable corporations in the world. Exxon has operations in every continent but Antarctica. Its oil and gas operations range across several states, from Pennsylvania to Colorado, and it also has wells in the Gulf of [...]
Recent Trends in the North American Pressure Pumping Market Have Serious Implications for Domestic and International Operators and Suppliers Part I This article is the first in a series of three articles on recent trends in the North American pressure pumping market and their implications for both North American and international operators. The author, Alexander [...]
In Texas, the shale gas industry has banded together to try to halt the terrible PR that threatens it in the United States and elsewhere globally — last Friday, Gov. Rick Perry signed a law requiring industry disclosure of many of the chemicals used to extract the gas. “We have seen the light,” Aubrey McClendon, [...]
The Norwegian flag was flying along with the stars and stripes on the New York Stock Exchange on Monday, as state oil company Statoil ASA celebrated 10 years of trading on the exchange. But not everyone was keen to congratulate Norway’s biggest company. Instead, angry residents in the eastern United States believe Statoil’s much-touted shale [...]
Matthew Scotland, Energy Reports Writer, Visiongain provides an overview of The Shale Gas Market 2011-2021 The amalgamation of hydraulic fracturing and horizontal drilling technologies in the 1980s enabled the US to become the pioneers of commercial shale gas production. Although the first shale gas well was drilled in 1821, the technical and economic feasibility of [...]
Speaking on US shale gas development at Shale Gas Eastern Europe 2011 in Warsaw, Poland, Daniel G. Rathan, Director A&D at Tudor Pickering Holt & Co. remarked, “The growth in this sector of the industry is just incredible. The Barnett shale had production in the early 90s, but the explosion of production happened in 2006 [...]
