Low prices and rising costs, see smaller shale gas producers facing a challenging future. UBS investment research estimate that natural gas prices need to be around $5.50-$6.00 to justify development of shale gas fields that likely hold massive quantities of the fuel. NYMEX natural gas futures through the end of the year show prices hovering [...]
As gasoline approaches a national average of $4 per gallon, a new push to exploit shale gas may offer some relief to American’s feeling the pinch petrochemicals on their wallets. In recent years, a combination of techniques – horizontal drilling and hydraulic fracturing or “fracking” — have made it possible to extract shale gas economically. [...]
Range Resources said Wednesday that it will sell all its holdings in the Barnett Shale and use the cash to invest in more profitable ventures elsewhere. The sale by Range, which also reported a loss of $8.2 million, or 5 cents a share, is part of a strategy to invest more heavily in fields that [...]
Test wells in the Marcellus region have led some researchers and energy companies to believe there may be more shale gas in the rock belt than once believed. Initial estimates say that there may be a decade’s worth of additional reserves in the Pennsylvania play which could be easily tapped by the existing drilling projects [...]
With Shell being the latest multinational to lay a big bet on the shale table, Michael Corkey of the Wall Street Journal wondered Who Is Next to Sell Out of the Marcellus Shale? Evidently there are at least 15 other such deals being discussed related to the Marcellus Shale. With Exxon, Shell and Total having [...]
The Marcellus Shale in the Eastern US has been THE example of the sudden emergence of abundant natural gas. The only issue over the Marcellus is whether or not it or Qatar has the world’s largest gas field, even though as little as six years ago any idea that the shale would be commercial was [...]
Royal Dutch Shell Plc and Devon Energy Corp. may join Exxon Mobil Corp. as buyers of U.S. shale- gas producers or projects, the chief executive officer of gas developer Range Resources Corp. said. Range Resources CEO John Pinkerton said in an interview yesterday his company may be a partner or target for oil companies, like [...]
