Sentences with phrase «us shale»

The quest to regain the top producer spot in one of the most - prolific U.S. shale basins had eluded Hamm's Continental since at least 2014, when Whiting bought smaller rival Kodiak Oil and Gas.

The LNG Canada and Kitimat LNG projects, as well as a fourth plant proposed for the northern B.C. coast by Malaysian state energy company Petronas and Calgary - based Progress Energy, will likely have to wait for new pipelines to be built directly from the shale gas fields of northeastern B.C. Kitimat LNG's owners are separately developing the Pacific Trails pipeline to their terminal.

If the U.S. develops its oilsands and its oil shale resources in the western states, it will be great news for Canada's energy industry for several reasons, writes Erica Alini.

Most of it will come from mines in Wyoming and Montana that find themselves without domestic customers since the shale gas revolution, combined with emissions control regulation, drove utilities in the U.S. to shut down coal - fired plants and fire up cleaner - burning natural gas plants.

News of Linc Energy's estimated shale gas resources in South Australia appears to be benefitting a Perth - based clean energy company.

At the Republican National Convention, Continental Resources Chairman Harold Hamm said that President Obama has tried to «destroy» and derail the shale revolution by imposing «punitive regulations» on the industry.

There have been a number of high - profile derailments of trains — including one by UP — carrying shale oil, much of which is produced in new drilling areas without established pipeline networks and must be moved by rail.

Soaring U.S. shale production has been a nagging concern for OPEC and its allies, but the group's key players appear to be more fixated on the immediate benefits of high crude prices.

The prolonged period of low prices pushed many stressed producer states to the breaking point, and these casualties of the market share war now are threatening to push the market into an acute deficit situation, putting shale's superman status to a serious test.

The liquids create fissures that release the natural gas in the shale rock.

For the second consecutive quarter, Continental bested rival Whiting Petroleum Corp to be the largest oil producer in the Bakken, solidifying that crown and its place as one of the most - prolific U.S. shale companies.

China too has huge shale gas reserves that will satisfy much of its domestic demand as extraction techniques pioneered in North America spread there.

The fracking - enabled boom in production of shale oil has filled the gap from coal since 2010.

In 2012 it bought Celtic Exploration Ltd. for $ 3.1 billion, vastly increasing its acreage in the shale gas formations of northern B.C. and Alberta.

As fracking became commercially viable, oil and gas drilling companies entered communities with shale gas resources, which can have a number of local effects.

At the same time, Canada's American export market, worth $ 31 billion in 2005, is dwindling to almost nothing as a result of growing shale gas production stateside.

Then, higher oil prices could also spur more production from areas outside the hottest U.S. shale play.

The rapid increase in U.S. production is due in large part to the booming shale industry.

It is redesigning its deepwater oil platforms and onshore shale - gas projects to simplify them, a major cultural change at a firm that has long prided itself more for engineering prowess than for economic discipline.

Until, that is, the subject of environmental concerns and the media coverage of the shale gas boom comes up.

But growing oil prices has had the unintended side effect of allowing U.S. shale producers to restart operations.

It encompasses aging projects in the North Sea, factory - like shale fields from Texas to Pennsylvania, and, oh, by the way, 43,000 gas stations ringing the planet — a larger retail network than that of either McDonald's (mcd) or Starbucks (sbux) x.

Finally, one from the Fortune archives: Brian O'Keefe's 2012 magazine story on ExxonMobil's big bet on shale gas.

That entity, which has a balance sheet of 4.5 billion euros ($ 5.3 billion), was severing links with coal, tar sands crude, and oil shale.

Oil and gas will remain key energy sources despite the presence of shale and other alternative energy resources, the president of oil and gas company BHGE told CNBC on Monday.

The deal gives Marathon more exposure to U.S. shale, thanks to Andeavor's existing logistics and terminal operations in Texas and North Dakota shale regions.

U.S. shale producers have pioneered new techniques to drill oil more efficiently but also in places that were once seen as impossible.

«Unfortunately for Core, most of its opportunities are in shale,» Einhorn said.

US oil exploration companies have flocked to the superrich Permian Basin in recent years and used shale - drilling technology to create an oil boom that simultaneously helped trigger a price crash two years ago.

OPEC General Secretary Mohammed Barkindo Tuesday said he invited U.S. shale officials to join him at an OPEC summit in Vienna in June.

Bloomberg noted that the Wolfcamp, where this deposit was found, has been one of the primary targets of shale drillers.

The largest oil producer in North Dakota's Bakken shale formation posted a net profit of $ 15 million, or 16 cents per share, in the quarter ended March 31, compared with a loss of $ 87 million, or 96 cents per share, a year earlier.

Hope for exporting Canada's surplus production, especially from the mammoth shale fields in northeastern B.C., now rests on the construction of terminals on the B.C. coast to liquefy the gas and ship it to Asia, where prices are currently six times higher than they are here.

The U.S.'s shale gas industry, though, is more developed than Canada's, and much of the infrastructure needed to deep - freeze the gas and load it in liquid form onto tanker ships already exists.

Barkindo said shale producers also are able to tap capital markets with more expertise, which is important at a time when the energy industry needs to invest trillions to meet future demand.

But with the shale gas revolution, the two commodities» prices have decoupled.

To get the oil, producers fracture, or «frack,» the earth below with a high - pressure liquid mixture to untap oil and gas from shale rock.

OPEC wants to talk to rival shale drillers to learn lessons of oil glut Saudis and US, seen as rivals, are actually growing together: Aramco CEO Saudi Aramco looking to Google parent Alphabet to build tech hub

Goldman Sachs has downgraded its estimations for oil prices for this year, citing a potential rise in shale gas production, new projects and OPEC restrictions.

Last year's conference was the first time that OPEC met with executives from the U.S. shale industry.

LONDON, May 2 (Reuters)- Brent crude futures eased on Wednesday, surrendering early gains after evidence of further increases in U.S. shale supply and a rise in Iranian exports ahead of a possible renewal of U.S. sanctions on Tehran.

Canada's westernmost province would also have to build new pipelines to connect its shale plays to its planned LNG terminals, mostly clustered around the ports of Prince Rupert and Kitimat.

OPEC met with U.S. shale officials for the second year in a row at the annual CERAWeek energy conference on Monday.

OPEC wants to have an open dialogue with upstart U.S. shale drillers and learn from oil market players, after the most painful downturn in six oil price cycles.

But though the N a t i o n a l Energy Board has granted permits for two such terminals, neither project has yet broken ground, and the window for taking advantage of high prices in Asia could soon close a North American production techniques spread to shale - rich China.

An estimated average of 20 billion barrels of oil and 1.6 billion barrels of natural gas liquids are available for the taking in the Wolfcamp shale, which is in the Midland Basin portion of Texas» Permian Basin.

OPEC was meeting with rival U.S. shale producers on the sidelines of the annual CERAWeek energy conference for a second year in a row, in an effort to learn what the industry can do to avoid the type of painful downturn faced in 2015.

Also, notwithstanding a silly fiscal policy and the ongoing political impasse, the U.S. economy has some very good things going for it now, as even king of doom, Nouriel Roubini, couldn't help but note: the Fed is going to stick to its asset - buying regime for the foreseeable future, providing a monetary protein shake the recovery still very much needs; the housing rebound is well on its way, which is helping Americans rebuild their wealth and is boosting employment in many states with high jobless rates; and the shale oil and gas revolution continues to power investment, job creation and revenue growth.

Argentina's state - owned energy producer, YPF (ypf), whose stock is also listed in the U.S., is finally offering foreign companies and investors more inviting terms to help it develop its shale reserves.

Production from shale «has been the incremental barrel for years.