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Tag Archives: shale

U.S. oil ‘strippers’ maneuver to keep pumping amid crude slump

HOUSTON – U.S. “stripper well” operators, the nation’s smallest oil producers seen as most likely to succumb to the crude price slump, are hanging in tough, reducing the chances of near-term production cuts needed to rebalance the domestic oil market. The conventional wisdom is that “strippers” would be the first to fold in the face of oil’s slide below $40 given ...

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Towns, residents push back on pipeline

To energy company Kinder Morgan, it’s called the Northeast Energy Direct Project. Some local residents refer to it differently. The energy company is looking to bring natural gas into the region on a new pipeline mostly occupying current utility rights-of-way. However, several issues are keeping its construction from being a slam dunk. A series of public meetings hosted by the ...

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OPEC’s market share to shrink by 2020 as rivals keep pumping despite oil’s collapse

LONDON – Global demand for OPEC’s crude will be lower in 2020 than next year as supply from rivals proves more resilient than expected, potentially fueling a debate on the merits of its strategy to let prices fall to hurt other producers. The Organization of the Petroleum Exporting Countries, which a year ago refused to cut supply to retain market ...

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Shale gas hit a few peaks in 2015, but drillers mostly pulled back

Shale gas companies pumped the brakes in 2015 after years of rapid increases in the amount of natural gas they pulled from Pennsylvania’s Marcellus and Utica shales, new production data released by the state shows. Unconventional gas production in Pennsylvania this year hit its highest point in March then dipped to its lowest point in June during a three-month slide, ...

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Officials break ground on new Salem Twp. power plant

SALEM TWP. — In 1979, the year he graduated from Berwick High School, John Gordner witnessed a multimillion-dollar power plant, the PPL Susquehanna Steam nuclear facility, being constructed just across the county border. “We saw the impact of that once-in-a-lifetime project,” said Gordner, now a state senator, at a site just down the road from the nuclear plant, now owned ...

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Ohio, Pennsylvania, West Virginia sign pact to develop shale resources

Governors of Ohio, Pennsylvania and West Virginia have a new agreement to work together to make the most of shale-energy resources that run beneath parts of all three states. The five-page document says that officials in the states will cooperate to promote the region’s shared energy interests. “The issues and opportunities facing our growing oil and gas industry do not ...

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Shale producers postpone oil well completions: Kemp

pump jack

John Kemp is a Reuters market analyst. The views expressed are his own LONDON, Feb 20 – EOG Resources became the latest major shale producer to state that it would “delay a significant number of completions” when it announced fourth-quarter results. The company plans to end 2015 with 285 wells awaiting completion services, up from 200 at the end of ...

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