Sentences with phrase «shale drilling»

U.S. oil production recently broke another record, jumping to 10.619 million barrels per day (mb / d) in the last week in April, and the sky seems to be the limit for U.S. shale drillers.

Exxon has done some pilot project work and other exploration in the country for several years, but it will formally request a 35 - year concession for shale drilling in the Vaca Muerta.

Neighboring New York state, home to a smaller stretch of the Marcellus shale formation, has halted permissions for shale drilling while it mulls the affect on drinking water.

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

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

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

Shell plans to start construction of one of the nation's largest ethane crackers this year in Pennsylvania, home to the Marcellus shale drilling rush.

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

American shale drillers using the same technology have flooded their domestic market in recent years, pushing out higher - cost Canadian supply.

Doing so could put enough pressure on oil prices to prevent a repeat of this year when several shale drillers ramped up spending, with Whiting, for example, doubling its budget.

This is coming at a time when shareholders are demanding financial discipline and a better return on investment from shale drillers, another development that Papa believes will hold back production growth.

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

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.

EQT Corp. is poised to become the largest U.S. natural gas producer after announcing it will acquire fellow shale driller Rice Energy.

But while U.S. producers are accelerating shale drilling in areas in the United States, higher production has not necessarily translated into stronger refining results for some oil companies.

The ultimate rebalancing of the oil market will also hinge on other factors such as the response from North American shale drillers.

Needless to say, Eagle Ford shale drillers are being hit hard.

Lower oil prices played a part in that decline, because those prices might force shale drillers to cut back on new wells, which would reduce demand for frack sand.

Consequently, many shale drillers are now thriving at $ 50 crude.

Hedge fund managers have gambled everything on a goldilocks scenario in which oil prices rise without damaging demand or spurring too much shale drilling.

OPEC wants an open dialogue with U.S. shale drillers after the most painful downturn in six oil price cycles.

After closing, EQT's output will total 3.6 billion cubic feet per day of natural gas, topping U.S. production by oil major Exxon Mobil and shale drilling pioneer Chesapeake Energy.

Its sales have rebounded thanks to a resurgence shale drilling activity.

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.

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.

That could weigh on the prices that Permian shale drillers receive for their product.

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.

A similar program in Ohio shows teachers how to «frack» Twinkies using straws to pump for cream and advises on the curriculum for a charter school that revolves around shale drilling.

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

At the same time, many argue the OPEC cuts still need to be extended because a $ 60 price signal will spur more shale drilling, putting downward pressure on the market all over again.

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.

But the only thing that seems to cause shale drillers to reduce spending — and therefore production — is lower oil prices, since the cash flow from crude is their lifeblood.

Given that most shale drillers will only cut back when crude falls, OPEC's only option to get its message across might be to let the current output reduction agreement expire next March.

OPEC wants shale drillers to help it stabilize the oil market.

So the only way for OPEC to get its message across would be to take away the one thing shale drillers need to keep drilling, which is a stable oil price — that is, unless shareholders persuade them to use their money for something other than drilling more wells.

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

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

However, the message will probably fall on deaf ears, since shale drillers aren't beholden to OPEC but shareholders.

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.

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.

Large shale drillers like Marathon completed several monster wells 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.

Cash Flow During the boom years, shale drillers spent far -LSB-...]

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 ongoing.

Shale Network for the past six years has fostered a dialogue about shale drilling between concerned citizens, watershed groups, government regulators and personnel from large energy companies by focusing on publicly available water quality data.

They rightly thought shale drilling was much too capital intensive and risky.

The Eastern Gas Shales Project, a series of public - private shale drilling demonstration projects in the early 1970s in response to the energy crisis;

The domestic coal industry has struggled to compete with cheap natural gas unlocked by new shale drilling techniques.

Today, shale drillers face a perfect storm of economic challenges, environmental headaches, and stiff competition from the wind sector and other forms of renewable energy.