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Emergence Of Gas Shales Profoundly Transforming U.S. Industry, Global Markets

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WASHINGTON–The North American natural gas industry is in the midst of profound transformation. The successful development of the Barnett Shale has spurred a succession of shale gas plays, beginning with the Woodford and Fayetteville, and then expanding to the Haynesville, Marcellus, Horn River and Eagle Ford–many of which are more prolific than the Barnett and also have significantly lower cost structures in core areas.

Production from shale is growing explosively, and already is having a major impact on prices. This unprecedented growth from formations that still are at an early stage of development has far-reaching implications for the long-term forward delivery price curve for natural gas and the allocation of capital among other supply sources, and requires every company in the industry to rethink its strategic plans–from industry giants to smaller independents. It already has caused major international players to start pouring funds into the United States and could result in permanent changes in the composition of the industry.

The U.S. Energy Information Administration’s revised monthly production data released April 29 drive home the pivotal impact shale is having on the market. EIA’s report applied a revised methodology for estimating gross withdrawals. EIA used this methodology to report production for February 2010 (the most recent month covered by the report) and adjusted its previous estimates from January 2009 using the same methods.

Read more: http://www.aogr.com/magazine/cover-story/emergence-of-gas-shales-profoundly-transforming-u.s.-industry-global-market

 
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Potential oil window is last gasp for Utica Shale

ohio1-300x171By Burton Speakman

YOUNGSTOWN

Jim McKinney, senior vice president and general manager from EnerVest, a Houston-based company, said his company believes that with changes in drilling techniques, activity will increase in the oil-rich northern part of the Utica Shale, which includes Trumbull County.

“When companies first drilled, they were using the same techniques they were using in the dry- and wet-gas areas of the Utica,” he said.EnerVest has found in Tuscarawas and Guernsey counties that by using more water and sand in the fracking process, there can be success in the oil-rich portions of the Utica, McKinney said.“Oil has different molecules than gas,” he said.

Companies were using 200 feet to 250 feet spacing between injections, but for the oil area it needs to be shorter, about 150 feet, McKinney said.

“It allows the oil to move more freely toward the well bore,” he said.If the tests for EnerVest are successful, there will be companies interested in leasing land in Trumbull and Stark counties, McKinney said. Trumbull and Stark counties are thought to be areas with oil-rich shale.

See more at: http://www.vindy.com/news/2014/aug/19/potential-oil-window-is-best-bet-for-uti/?fracking#sthash.Xcobganw.dpuf

 
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PUBLIC NOTICE The Borough of West Leechburg will receive bids- oil and gas lease

PUBLIC NOTICE The Borough of West Leechburg will receive sealed and separate bids from interested individuals, partnerships, entities or corporations for the purpose of entering into an oil and gas lease for certain properties owned by the Borough of West Leechburg and located within the Borough of West Leechburg. There is available from the Borough of West Leechburg a complete informational packet indicating the properties that are proposed for leasing purposes. A copy of the same may be obtained Monday through Friday from Patricia Grantz, secretary, by calling 724-842-2653724-842-2653 between the hours of 9:00 AM and 3:00 PM. The bidder shall provide to the Borough a proposed oil and Gas lease, which shall set forth the term, the royalties to be paid and the delay rental to be paid to the Borough of West Leechburg for said gas lease. The successful bidder shall also include in its bid document a resume of the company, a list of references and the names and owners of the entity that is submitting the bid. All bids must be received at 121 Summit Street, West Leechburg, Pennsylvania, 15656 by 4:00 PM on September 10, 2014. Said bids will be opened during the regular meeting of Borough Council to be held on September 10, 2014 at 7:00 P.M. The Borough of West Leechburg reserves the right to reject any and all bids. Patricia Grantz, Secretary (5912860, 8/27/14)
This ad appeared in a printed publication by:
Date Added: August 27, 2014
Expiration: 7 Day(s)

This ad appeared in a print publication of Trib Total Media.

 
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Shell acquires Pa. shale gas rights as part of a $2.1B deal

Shell-300x171By Alex Nixon

Royal Dutch Shell is shuffling its portfolio of natural gas holdings to increase attention on the Marcellus and Utica shale formations in northern Pennsylvania.

The energy giant announced on Thursday that it is selling drilling rights to mature gas producing areas in Wyoming and Louisiana in separate deals in exchange for $2.1 billion in cash and 155,000 acres in Potter and Tioga counties, where it operates gas wells.

The announcement followed a deal on Tuesday in which Shell said it was selling 208,000 acres in Western Pennsylvania and eastern Ohio to Rex Energy for $120 million.

“They already know what they have” in Potter and Tioga counties, said Lyle Brinker, director of equity research at IHS Energy in Norwalk, Conn. “It’s an area where they already know what they’re getting into.”

Shell spokeswoman Destin Singleton said the seemingly contradictory moves in Pennsylvania are part of the company’s regular review of its mix of energy production assets to improve value for its shareholders. Shell is working to focus its onshore drilling program on a few of the more prolific formations in an effort to boost profitability. The company wrote down the value of its shale acreage in the United States by $2.1 billion last year amid lower natural gas prices.

Read more: http://triblive.com/business/headlines/6615616-74/shell-gas-pennsylvania#ixzz3ATBQOUPs

 
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2nd Annual Oil & Gas Awards Finalists Announcement for the West Coast, Southwest and Midcontinent regions

 

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The results for this year’s finalist companies in the Oil & Gas Awards have been collected and counted. The awards judging panel have made their selections and the awards producers are pleased to share news of the companies that have been shortlisted for this year’s opening round of Oil & Gas Awards.

West Coast, Southwest and Midcontinent Oil & Gas Awards Finalists

ABB

Access Midstream

Aggreko

Air Energi

AllenCo Well Servicing

Allied Equipment

Anterra Energy Services, Inc.

Apache Corporation

Astro Thermal Tec Inc.

Baker Hughes

Benzol Group

BHP Billiton

Bluewater Industries

Breitburn Energy Partners L.P.

Breitling Energy Corporation

Bridger LLC

Brown Armstrong CPA

Butler and Cook, Inc.

C&J Energy Services

CDM Resource Management LLC

Chaparral Energy

CheckPoint Pumps & Systems

Chevron

Cinco Energy Management Group

Clear Fork Royalty

Clearsign Combustion Corporation

Commercial Global Insurance Services of California, LLC

Contek Solutions LLC

Cotton Logistics

Crestwood Midstream Partners LP

DeGolyer and MacNaughton

Drillmec

E&B Natural Resources Management Corporation

Eagle Rock Energy Partners, L.P.

EIU of California Inc.

Enbase Solutions

Energy Recovery, Inc.

EnLink Midstream

Ensign United States Drilling (California) Inc.

ERG Operating Company

EV Energy Partners

Evolution Petroleum Corp.

Exclusive Energy Services

Fountain Quail-Select

FTS International

Gastar Exploration Inc.

Halliburton

Hammer Construction, Inc

Hawk Industries, Inc.

Hearn Trucking, LLC

Iron Fox Trucking

JC Fodale Energy Services

JD Rush Company, Inc.

JH Kelly – Dan Guglielmo

Katch Kan Ltd.

Kerr Pumps

Lake Truck Lines, Inc.

Landpoint, Inc.

LINN Energy

M-L Holdings Company Crane Group

Macpherson Oil Company

Metal Supply, Inc.

MTS Solutions

Newpark Drilling Fluids

Nova Hard Banding, LLC

Oil Works, Inc.

Optellios Inc.

Packers Plus

Petro-Hunt LLC

PetroPower, LLC

PinnergyShalewater

Pipeco Services

PLH Group

Preferred Sands

Prometheus Energy

Ramsgate Engineering, Inc.

Renzenberger

RLS Industries

Roberts Companies

Rockwater Energy Solutions

Royal Mfg. Co.

RWI Construction Inc.

Ryder System, Inc.

Santa Maria Energy

Scientific Drilling

Scott Environmental Services, Inc.

Select Energy Services

Signal Hill Petroleum

Spartan Engineering

Sun Coast Resources

Supreme Service & Specialty Co, Inc

Tachyus

TEEMCO

Templar Energy

TJ Cross Engineers, Inc.

Total Safety

Tutle & Tutle Trucking, Inc.

Waste Management, Inc.

Water Planet Engineering

Well Checked Systems International

Willbros

 

Judged by over 110 senior executives from Midstream and E&P companies the Oil & Gas Awards saw over 400 companies participate across multiple categories this year.  The Awards champion companies that display best practice in the key areas of operational excellence, environmental stewardship, corporate social responsibility and excellence in health & safety. All key areas of public interest where misinformation dissipated by industry critics has been a thorn in the industry’s side.

 

The Oil & Gas Awards take place regionally throughout North America in the Gulf Coast, Midcontinent, Northeast, Rocky Mountain, Southwest and West Coast.

 

Winners of the Oil & Gas Awards will be announced at the Oil & Gas Awards Gala Dinner in the relevant region between October 21 and October 29, 2014. Each gala dinner will be preceded by a regional Oil & Gas Awards Industry Summit held for participating companies and organizations that have an interest in networking and learning about challenges faced in the region before celebrating with the industry in the evening.

 

The link to the full list of winners on the Oil & Gas Awards website can be found here:  http://www.oilandgasawards.com/2014-finalists/

 

For further information on the Industry Summit and Awards Dinner please contact the organizers at info@oilandgasawards.com or call 210-591-8471

 

 
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