Sentences with phrase «of shale drillers»

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.

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

If those depressed price levels stick around, Wall Street will likely grow tired of shale drilling and start taking its money elsewhere.

Sure, yesterday's rosy predictions about shale gas could bear out in terms of years, but the high cost of shale drilling, the rapid rate of well depletion, and increased gas exports will translate into higher domestic prices.

Not exact matches

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.

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

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

Pittsburgh - based EQT Corp. is poised to become the largest producer of natural gas in the United States after announcing it will acquire fellow shale driller Rice Energy.

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.

Sophisticated drilling techniques — including the controversial method of hydraulic fracturing, or «fracking» — have unlocked enormous energy reserves previously inaccessible in shale formations in North Dakota and elsewhere, making U.S. energy independence a real possibility.

The question of whether other countries can replicate North America's success in drilling in shale rocks has captivated geologists and diplomats.

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.

Even Texas, the birthplace of shale fracking, recently passed a law requiring drillers to disclose the chemicals they use.

Responding to pressure from environmental opponents and fearful residents, shale - rich Quebec, France, New York and New Jersey have all imposed moratoriums on shale gas drilling pending further study of environmental and health impacts.

Papa, CEO of Centennial Resource Development, is a closely followed figure in the U.S. shale drilling world, where producers rely on advanced techniques to coax oil and gas from tight rock formations.

«There are good geological spots in shale plays and weaker geological spots, and a lot of the good geological spots have already been drilled,» he said during the panel.

Unconventional gas development (UGD), characterized by advances in engineering, including horizontal drilling and high volume hydraulic fracturing, enables extraction of large amounts of fossil fuel from shale deposits at depths that were previously unapproachable [1].

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.

Although the Permian has been gushing crude since the 1920s, its multiple layers of oil - soaked shale remained largely untapped until the last several years, when intensive drilling and fracturing techniques perfected in other U.S. Shale regions were adopted.

However the EIA's own Drilling Productivity Report has shale oil, the source of almost all US production gains, peaking in April with an increasing decline in May, June and July.

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.

The Argentina government has been keen on attracting some of the largest energy companies in the world to scale up shale oil and gas drilling.

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.

U.S. shale continues to add output, and they also have a huge backlog of drilled but uncompleted wells.

The Secretary General of OPEC, Mohammed Barkindo, has a message for shale drillers.

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.

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 initially responded by unleashing its own torrent of oil, which it hoped would drown out weaker shale drillers.

And shale drilling uses a lot of manufactured goods — 20 percent of what people spend on a well is steel, 10 percent is cement, so less drilling means less manufacturing in those sectors.»

The Haynesville Shale is one of the founding fathers of the modern shale drilling boom.

First up is a greenlight on a drilling campaign in Argentina's Vaca Muerta shale, the first major investment for Total in several years and the first of 10 projects that will move forward.

Johannes Teyssen, chief executive of Eon, said there were no obvious options for Europe to narrow the US advantage — whether by drilling for shale gas, importing more liquefied natural gas or importing inexpensive US supplies.

The crash in prices meant that shale drillers moved on to greener pastures, and most of them began looking for oil rather than gas because crude fetched $ 70 to $ 80 per barrel.

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

Now with U.S. shale drillers leading an expansion of energy production, hiring is finally back on the rise; 89 percent of energy employers surveyed told The Chronicle they will be boosting staffing levels and recruitment over the next 12 months.

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.»

Add Marathon Oil (NYSE: MRO) to the list of shale - focused drillers that blew past expectations during the first quarter.

The coalition has made the exploitation of Britain's unconventional gas reserves a top priority, offering tax breaks to shale developers and promising big benefits to communities that host shale drillers.

Yet, such assumptions are exactly how U.S. shale drilling is being talked about in the minds of non-geologists who want to hype stocks and use patriotic terms like «energy independence.»

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.

The outage of key oil ports have disrupted shipments, leaving Texas shale drillers without a destination for their crude.

They are reaching natural limits on lateral length and suffering from a phenomenon called «frac hits» which is dropping production and impacting the economics of infill drilling in shale wells.

In North America's most active shale fields, the drilling and hydraulic fracturing of new wells is directly placing older adjacent wells at risk of suffering a premature decline in oil and gas production.

In the U.S., shale explorers have focused on the most productive parts of their land, drilled faster and better wells there and negotiated lower prices from oilfield service companies.

In our Special Energy Report: An American Energy Renaissance, we highlight that just a few years ago investors were contemplating the supply constraints facing the petroleum industry, but with the disruptive technology in shale oil and gas in the U.S., we could now be looking at decades of drilling ahead.

Christian environmental groups have criticised the Church of England's stance on fracking, a controversial method of drilling for shale gas that has been linked by some anti-fracking organisations to water contamination.

Christian environmental groups have criticised the Church of England's stance on fracking, a controversial method of drilling for shale gas that has been... More

Gas drilling on campus (Politico) Pennsylvania's governor has a unique education plan: Gov. Tom Corbett told the Pennsylvania Association of Councils of Trustees that the state's universities could ease their financial woes by tapping into Marcellus shale deposits beneath their campuses.

And how can New York pretend it is safe to drill in some counties and not in others — especially when science shows the pollution problems are the result of drilling and fracking shale formations, not where or how deep these well bores go?»