Sentences with phrase «more drilling companies»

To be sure, there would have been more drilling companies going belly up if it had not been for the generous credit offered by bond and equity markets, and large financial institutions.

Not exact matches

Most of the acreage EQT will acquire from Rice is contiguous to its existing holdings, so it will be able to produce more efficiently through horizontal drilling, the company said.

Oil service companies are getting hit because they are focusing their efforts on offshore drilling, an industry struggling due to low oil prices that can not justify conducting more typically lucrative deep - water drilling projects.

NICOSIA, Cyprus (AP)-- Eni will proceed with more exploratory drilling south of Cyprus over the next 20 months, affirming a «strong engagement and commitment» in a hydrocarbons search off the east Mediterranean island nation, the Italian company's chief executive said Wednesday.

The faster oil services firms and oil exploration companies adopt digitalization, the more data they generate with every well they drill and every digital map of oil resources they create — but that data is now the subject of hot debate as the oil industry tries to figure out who owns that data.

Both companies said they are accelerating shale drilling in the Permian Basin of west Texas and New Mexico, the largest U.S. oilfield, helping to lift the nation's output so far this year to more than 10 million barrels per day, a new record.

Bloomberg Gadfly suggests Anadarko's predicament is illustrative of a broader problem with oil companies of similar size, who are posting disappointing cash flow figures as they drill more and grow larger.

Investors hungry for yield are throwing money into companies who then drill more, and the surge in production is hurting the industry as a whole.

Part of our thinking is that if the producing companies are vigorously pursuing the more costly deepwater endeavors, other types of drilling must already be in high gear, as well.

Overall, the company has 19,000 future drilling locations across the Basin, which it estimates could help it unlock more than 8 billion barrels of oil equivalent resources.

Fueling the company's most recent plunge was the revelation that it encountered some unexpected drilling delays that would push the initial production of certain wells into next year, as well as the fact that its wells are producing more gas than expected.

That said, slumping global rig activity, especially in offshore drilling where NOW has a heavy customer concentration, more than overcame the boost the company received from acquisitions.

It comprises 56 prospecting rights applications, 23 of which have been granted as Prospecting Rights by the Japanese Ministry of Energy, Trade and Industry (METI), authorizing the Company to commence more advanced exploration methods, including drilling.

PentaNova Energy Corp. [PNO - TSXV], a company backed by Canadian resource financier Frank Giustra and Goldcorp [G - TSX; NYSE - GG] Chairman Ian Telfer, on Tuesday April 3 released an update on gas drilling... Read more»

With Crescent Point and Raging River drilling horizontals near Point Loma's acreage in the near future, Point Loma's 20 net Duvernay sections alone could be worth more than the company's current market cap.

To maintain high production capacity, Chinese companies need to drill hundreds more wells than the top foreign competitors.

The Ohio - based ALICE Training Institute, referenced in the video above, is one of the companies that drills school police officers, teachers, and staff to do more than just hide.

Companies including Anadarko Petroleum Corp, ConocoPhillips and Occidental Petroleum Corp have saved millions on drilling and fracking wells in Texas, Colorado and North Dakota since the oil price slide started by demanding that oilfield service companies slash prices by 20 percent to 30 percentCompanies including Anadarko Petroleum Corp, ConocoPhillips and Occidental Petroleum Corp have saved millions on drilling and fracking wells in Texas, Colorado and North Dakota since the oil price slide started by demanding that oilfield service companies slash prices by 20 percent to 30 percentcompanies slash prices by 20 percent to 30 percent or more.

As of December 31, 2016, the Company had identified more than 7,000 potential short - lateral - equivalent drilling locations in the Wolfcamp formation that are expected to provide substantial opportunity for Anadarko's future activity in the basin.

Allegiant Gold Ltd. [AUAU - TSXV], the new spin - out company comprised of the Western U.S. exploration assets of Columbus Gold Corp. [CGT - TSX; CBGDF - OTCQX], has added a second drill rig to the resource... Read more»

The State is considering allowing private companies to begin drilling for natural gas in upstate New York, while the City is shelling out more than $ 630 million between now and 2017 on «filtration avoidance» by protecting the Cat / Del watershed, where 90 % of our water comes from.

What's more, the source said, Cuomo has turned down offers to tour ongoing fracking operations just across the New York border in Pennsylvania and, in at least one case, «insulted» a major energy - company president by not even responding to a formal letter requesting a meeting on the gas - drilling issue with the governor.

Oil companies would commission their own more precise seismic surveys after they were awarded leases, says Judy Penniman of the American Petroleum Institute, the industry's Washington, D.C. — based trade association, and test drill the most promising oil deposits.

But Keller, a natural resource manager for the Army Corps of Engineers, has seen a more ominous effect of the boom, too: Oil companies are spilling and dumping drilling waste onto the region's land and into its waterways with increasing regularity.

According to data obtained by ProPublica, oil companies in North Dakota reported more than 1,000 accidental releases of oil, drilling wastewater or other fluids in 2011, about as many as in the previous two years combined.

Amazon Supply offers more than 500,000 products, according to the company, including hose clamps, roller chain sprockets, drill bits, sheet aluminum, brass and other items.

The oil drilling company has been hurt by a weak market and its shares have plunged more than 50 % from their 52 - week high.

Large companies are more likely to hedge against oil price moves, and again, the upswing may help upstream more since they are the ones drilling and selling the direct oil rather than buying it to transport, refine and market.

Here are our favorite moments in art blogging from 2008, in no particular order: • When Pearl Montana, a Canadian oil - and - gas company, wanted to drill for oil near Smithson's Spiral Jetty, high - minded Tyler Green (Modern Art Notes), pulling out all the stops with in - depth daily coverage, managed to draw enough mainstream media attention to have the... read more... «The year in Art Blogging»

McCain clearly does not have the will to stand up to oil companies who, since they are the only party that will benefit, are clearly behind his push for more drilling.

He does repeat the Democrat line that we can't get out of this mess by drilling, until the oil companies do more drilling.

(I am betting Bush is counting on more debt to finance the subsidies to oil companies who want to drill in these areas but will whine about the «risks».)

Like George Bush and Dick Cheney before him, he sees more drilling as the answer to all of our energy problems, and like them, he's found a receptive audience in the very same oil companies that have blocked our progress for so long.

For too long, for a decade or more, there has been a cozy relationship between the oil companies and the federal agency that permits them to drill.

«Onshore, oil companies have more than 7,100 approved permits to drill that they haven't used.

And yet these companies claim that more land for drilling will net more jobs.

With oil prices low, companies aren't clamoring for more places to drill.

A ProPublica investigation into oil and gas money received by members of the Natural Gas caucus found that they received 19 times more money on average than members of Congress who signed a letter in support of a proposal to require fracking companies to disclose the chemicals they use when drilling on public lands.

Companies with dwindling access to water resources are resorting to paying farmers for what water they have left, or more, drilling their own water wells, digging ponds next to streams or trucking in water from places as far way as Pennsylvania, according to CNN Money.

Decades ago when the most accessible reserves were drilled, an oil company might produce 100 barrels of oil or more for each barrel's worth of energy invested.

But at the same time energy companies are borrowing more money to drill more wells, the sweet spots are drying up, creating a Catch - 22 as more drilling drives more debt.

The more oil companies frack and drill, the more wastewater they inject into disposal wells near active faults, which can trigger damaging earthquakes.

Its just that new technology (horizontal drilling and fracking) have enabled oil companies to get more gas out of the ground than in the past.

Aside from more fossil fuels to burn, critics of Arctic drilling say any spill would be practically impossible to clean given the harsh conditions and complete lack - of - infrastructure; oil companies would face freezing temperatures, moving ice, fierce storms, in addition to the fact that any spill would likely have to be abandoned during the long dark Arctic winter.

As an ex-oilfield geologist from many years ago — even way back then, if I've said this once, I've said it a million times — the oil companies are absolutely loving the green agenda — yes, even the anti-arctic drilling, etc — ALL of this makes their «product» more expensive and more wanted / needed by the oil hungry world.

«The only people who would benefit from more oil drilling are the oil companies,» he said.

And Statoil, the state company, just announced they're going to be drilling more.»

Because there are no good markets for these industrial negative emissions projects today, the only viable way for companies to develop and test the components for these solutions today is through CCS projects like Petra Nova (e.g. on a coal power plant with the CO2 utilized to drill for more oil).

The ability to recover those costs, similar to research and development deductions used by other industries, is key to maintaining cash flow that helps companies drill more wells.

A consortium of oil companies (including Shell) has plans for more drilling platforms.