Sentences with phrase «shale drilling in»

After two challenging years, shale drilling in the U.S. is bouncing back big time in 2017.

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.

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.

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

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 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.

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.

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.

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.

Workers with Raven Drilling line up pipe while drilling for oil in the Bakken shale formation outside Watford City, NorthDrilling line up pipe while drilling for oil in the Bakken shale formation outside Watford City, Northdrilling for oil in the Bakken shale formation outside Watford City, North Dakota.

Rig hands thread together drilling pipe at a hydraulic fracturing site owned by EQT Corp. located atop the Marcellus shale rock formation in Washington Township, Pennsylvania.

But the council itself voted June 29 to reject the application by shale gas explorer Cuadrilla Resources to drill four wells in the region and to use fracking to test their ability to produce gas.

The gas is there, quite possibly more than in Alberta — Apache Canada reported what it called «the most prolific shale gas resource test in the world» in B.C.'s Liard Basin a year ago — but at today's prices it's not worth drilling for.

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

Papa says drillers in two major shale regions have burned through their best assets, and shareholders are pressuring companies to spend less money.

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.

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

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].

The only production that could be brought back on line fast is shale oil, but without the extremely low interest rates caused by government meddling, shale drilling will be much more expensive in the future.

According to the Energy Information Administration's (EIA) most recent report on drilling productivity, total U.S. shale oil output is expected to climb above 6 million barrels a day for the first time in September.

Advances in horizontal drilling and hydraulic fracturing over the past 20 years led to a U.S. energy boom in «unconventionals,» a category that includes the shale gas and «tight» oil found in shale fields like the Cretaceous Eagle Ford and Mowry and older ones like the Barnett and Bakken.

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 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.

This is a province with enough environmental mettle to turn its back on drilling for potentially rich shale gas reserves in the St. Lawrence Valley.

His company, Knightsbridge Risk Management, a private security firm in Dallas that serves the oil and gas industry, is getting calls from companies that want to plan ahead in case they shut down drilling operations in North Dakota and the Bakken shale formation.

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.

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.

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.

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.

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.

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.»

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.

However, oil prices have been dropping like hot potatoes, almost 30 %, and with that energy stocks are tanking in unison and singing songs with same tune, along with drilling and exploration companies for shale oil or natural gas.

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.

In addition, the assets have development upside on the ~ 29,000 gross acres with booked proven undeveloped and probable drilling locations with multi-zone potential in the Mannville, Cardium and Duvernay shalIn addition, the assets have development upside on the ~ 29,000 gross acres with booked proven undeveloped and probable drilling locations with multi-zone potential in the Mannville, Cardium and Duvernay shalin the Mannville, Cardium and Duvernay shale.

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

Tuesday's indictment followed a nearly four - year federal antitrust probe that began after a 2012 Reuters investigation found that Chesapeake had discussed with a rival how to suppress land lease prices in Michigan during a shale - drilling boom.

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.»

Oil production is soaring from shale formations in Texas and North Dakota using hydraulic fracturing and directional drilling technology.

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 elsewherIn 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 elsewherin a move widely seen as a way for Chesapeake to maintain its drilling budgets in that basin and elsewherin that basin and elsewhere.

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.