Sentences with phrase «as shale drillers»

Their economies rely heavily on the energy business and grew exponentially as shale drillers arrived, the analysts wrote.

Price increases have been capped by rising U.S. production as shale drillers ramp up activity, underpinning a widening discount between Brent and WTI.

About a half decade ago, as the shale drilling rush was sweeping across the U.S., drillers needed upfront cash — and quick — to let them snap up acreage, drill and frack exploratory wells, and...

Not exact matches

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

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

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

As it happens, EnCana itself has invested in a specialized $ 10 - million plant near its Peace River, B.C., operations that treats «sour» water from a saline aquifer for use in its shale drilling.

Further, offshore drilling faces competition from onshore U.S. shale drilling, which can be started up and shut down quickly as oil prices fluctuate.

Another significant observation is that the shaky financial position for some shale drillers also suggests that the downside risk to oil prices might not be as serious as once thought.

The pace of oil and gas production gains has consistently surprised forecasters since horizontal drilling and hydraulic fracturing, better known as «fracking», were pioneered in U.S. shale rock formations about ten years ago.

«U.S. growth of 0.6 million barrels a day in 2017 beat all expectations, even with a moderate price response to the output deal as the shale industry bounced back — profiting from cost cuts, stepped up drilling activity and efficiency measures enforced during the downturn,» the group said.

Under his leadership, EOG Resources developed a reputation as an innovator in drilling processes and technology in that nation's premier shale fields.

Companies like Anadarko (NYSE: APC) are too large to offer the huge upside potential that small shale drillers have, but they are also not as safe as the likes of ExxonMobil (NYSE: XOM), leaving them with a tricky investment case.

The Wolfcamp, which is as much as a mile (1.6 kilometers) thick in some places, has been one of the primary targets of shale drillers.

The share price of Carrizo Oil & Gas, an Eagle Ford - focused shale driller, has plunged by as much as 15 percent over the past week.

Eagle Ford shale drillers were forced to shut in some shale output as both the takeaway capacity (i.e., pipelines) and Gulf Coast refineries went offline, backing up crude at the wellhead.

Offshore drilling has become more effective than shale and more environmentally sustainable as well, no matter what Greenpeace idealists have to say.

Even as a lot of facilities have come back online in Texas, the remaining outages could still force Texas shale drillers to take production offline at some point in the near future.

When OPEC decided to step in to support the oil market, shale drillers saw that as the all - clear to boost spending.

As a result, OPEC has less incentive to continue to prop up oil prices by reducing its production, since all it seems to be doing is encouraging shale drillers to increase their output.

Mitchell's approach involves drilling wells straight down, then taking a 90 - degree turn and continuing along horizontally through a layer of oil - soaked rock such as shale.

While those oil stockpiles have fallen this year, they haven't come down as quickly as hoped, because shale drillers promptly ramped back up.

A drilling technique known as hydraulic fracturing in shale rock formations — fracking — in the U.S. produced large amounts of crude oil, natural gas and other petroleum products.

OPEC on Wednesday raised its forecast for non-member oil supply this year to almost double the growth predicted four months ago as higher prices spur U.S. shale drilling, offsetting OPEC - led output cuts and a collapse Continue Reading

Eagle Ford Shale drops 8 more rigs, leaving 41 at work Explorers parked more drilling rigs in U.S. oilfields as the rest of the world looks to shale producers to Continue Reading

While you might not get the return per barrel, that's such a lower investment risk that as soon as you have any sort of bubble - up in prices, the shale drillers will go in and take the market share.»

In a similar move, Total SA (TOT) purchased 25 % of Chesapeake Energy's (CHK) Barnett shale operations, in a move widely seen as a way for Chesapeake to maintain its drilling budgets in that basin and elsewhere.

West Texas - based Concho's stock tumbled as it bought rival shale driller RSP for $ 8 bln.

As the recent court cases on force majeure point out, the gas industry could have been doing vertical shale drilling / fracking, as well as drilling in conventional formations, the whole time that the SGEIS / regulation process has been ongoinAs the recent court cases on force majeure point out, the gas industry could have been doing vertical shale drilling / fracking, as well as drilling in conventional formations, the whole time that the SGEIS / regulation process has been ongoinas well as drilling in conventional formations, the whole time that the SGEIS / regulation process has been ongoinas drilling in conventional formations, the whole time that the SGEIS / regulation process has been ongoing.

Hydro - fracking is not just about drilling into the ground, but running hugely powerful diesel engines to create the necessary pressure to fracture the underground shale as well as fleets of heavy duty trucks criss - crossing rural and scenic roads carrying heavy equipement and toxic by - products, including uranium.

A ban on drilling for underground shale gas, otherwise known as fracking, has been lifted, the energy secretary has announced.

ALBANY — Opponents of shale gas drilling and hydraulic fracturing gathered in Albany on Monday to keep up the pressure on Gov. Andrew Cuomo as he prepares to decide whether to allow the practice after four years of studying its health and environmental impacts.

The EPA's comments, in a series of letters this week to the state's Department of Environmental Conservation, are significant because they suggest the agency will be watching closely as states in the Northeast and Midwest embrace new drilling technologies to tap vast reserves of shale gas.

A series of letters suggests the agency will be watching closely as states in the Northeast and Midwest embrace new drilling technologies to tap vast reserves of shale gas

In recent years, the combination of horizontal drilling and hydraulic fracturing (commonly known as fracking), have helped unlock vast stores of natural gas in shale formations.

They found that wells located within 1 kilometre of an active shale - gas drilling site contained 17 times as much methane on average as those further away.

Other parts of the country with shale beds («plays» in industry parlance), such as Wyoming, Colorado, Arkansas, and Louisiana, have experienced similar gas drilling booms.

But back in 2002 in the Barnett shale near Dallas, Mitchell Energy established a new drilling process that is now commonly known as fracking.

However, in their recent publication in Climatic Change Letters, Howarth et al. (2011) report that their life - cycle evaluation of shale gas drilling suggests that shale gas has a larger GHG footprint than coal and that this larger footprint «undercuts the logic of its use as a bridging fuel over the coming decades».

Energy policy impacts climate change and climate change impacts us all, so all of us should be interested in the issue of shale gas drilling, as well.

The Department of Energy's Energy Information Administration has posted a short update on trends in natural gas production in the United States that's worth noting simply because it illustrates the profound nature of the energy transitions that are being propelled by the exploitation of shale deposits using hydraulic fracturing, known best as fracking, along with horizontal drilling.

Original post In 2011, a Cornell research team led by the environmental scientist Robert Howarth published «Methane and the greenhouse - gas footprint of natural gas from shale formations,» a widely discussed paper positing that gas escaping from drilling operations using hydraulic fracturing, widely known as fracking, made natural gas a bigger climate threat than the most infamous fossil fuel, coal.

Ruffalo, who lives near the Delaware River in the upstate New York region that was targeted for shale gas drilling, is one of many prominent public figures who pressed Cuomo long and hard to ban hydraulic fracturing, popularly known as fracking.

Public health experts who work on the «shale fields» among impacted citizens have been ringing alarm bells: «I don't know if I have ever seen a problem as widespread as this with as little information collected about it, and as relaxed an attitude in terms of the sense of urgency, in the sense of responsibility on the part of the state and federal governments, and for that matter, the drilling industry,» cautioned a seasoned public health toxicologist David Brown from Southwest Environmental Health Project in my interview for Gas Rush Stories.

The president seems to have no clue about energy return on energy invested (oil shale and off shore drilling take huge amounts of energy leaving less net energy gain as a result).

They said it was «very likely» that several thousand weak to moderate earthquakes in recent years were triggered by deep - earth injection of water extracted from the ground as thousands of wells have been drilled into shale oil and gas deposits.

China's and India's net emissions are growing dramatically and governments, most recently Japan's, are abandoning earlier pledges to reduce their nations» carbon footprints... And as the US shale fracking revolution shows, the most efficient way to cut emissions is not via command - and - control regulation but by allowing private drillers to expand natural gas production.»

Such leaks from coal mines and gas drilling sites are on the rise as a result of the shale gas boom in the US.

Hydraulic fracturing and horizontal drilling, also known as «shale gale» impacted oil and natural gas production both in the United States and internationally.

And Europe, while generally basking in the glow of the Paris Agreement, has been quietly lobbying the Trump administration since February to fast - track approvals of multi-billion-dollar terminals for exporting America's abundant shale - drilled natural gas as liquefied natural gas, or LNG, across the Atlantic.