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Tag Archives: Southwestern Energy

Top Eagle Ford news stories: April 29 – May 6

rig count, oil natural gas

Here’s a recap on the top Eagle Ford news stories from the past week. Energy producers continue to struggle with depressed oil prices and two oil majors abandoned plans for a merger as opposition from regulators mounted. 5. Exxon sees smallest profit in 16 years, Chevron posts loss DALLAS (AP) — Motorists are saving billions on cheaper gasoline, but the ...

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Former Southwestern Energy worker guilty of $450K theft

Former Southwestern Energy worker guilty of $450K theft

HOUSTON (AP) — A former financial employee of Southwestern Energy Co. faces up to 80 years in prison for embezzling more than $450,000 from the oil and gas company. Kendra Walker of Houston pleaded guilty Monday to four counts of wire fraud. The 28-year-old Walker remains free on bond pending sentencing in federal court in Houston. Prosecutors say Walker worked ...

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Energy sector movers, losers and news: crude prices improve, no production freeze necessary.

Last week major oil producers met in Doha, Qatar to discuss an oil production freeze. Again, no agreement could be reached and crude prices temporarily suffered. But, today WTI opened at $43.42 per barrel, 7.6 percent higher than last week when it closed Friday at $40.36 per barrel. Market Movers Shares of NGL Energy Partners LP (NYSE: NGL) gained 50 ...

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Energy companies pull back in early trading

Energy companies pull back in early trading

NEW YORK (AP) — Stocks are pulling back in early trading, led by declines in materials and energy companies. Chesapeake Energy and Southwestern Energy each fell 9 percent in the first minutes of trading Tuesday. Hamburger chain Shake Shack dropped 8 percent after delivering results and an outlook that disappointed investors. Traders were also discouraged by weak trade figures from ...

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Marcellus jobs market takes another beating

rig worker

Low natural gas prices just keep hitting oil and gas industry workers in the Marcellus Shale. The state Department of Labor figures show 2,262 fewer oil and gas jobs when comparing quarter two of 2015 to 2014. Cabot Oil and Gas announced in a press release  a 58 percent reduction to $325 million as opposed to $774 in 2015. The ...

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Southwestern Energy is moving in on the action in Pennsylvania

Southwestern Energy Co. is tossing around the idea of building an operating base in southwestern Pennsylvania’s shale fields. As reported by the Pittsburgh Business Times, Paul Geiger, Southwestern’s senior vice president of the company’s new Appalachia division, explained, “The company is looking to set up what he’s calling a ‘forward operating base’ — a dual purpose satellite office and equipment ...

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Methane leaks reportedly decrease in Pennsylvania

Methane leaks from shale gas drilling in Pennsylvania continue to decline, even with increased production and more wells going online, according to data from the state Department of Environmental Protection. The agency on Monday reported decreases in total methane and carbon monoxide released into the air in 2013. Total nitrogen oxide, sulfur dioxide and volatile organic compounds from shale wells ...

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Study finds simple remedies for some methane emissions

Oil and gas production sites have been cited by the Environmental Protection Agency as the largest source of methane emissions—greenhouse gases—in America. A recent study led by Colorado State University aims to find solutions that would reduce emissions from natural gas gathering facilities and processing plants throughout the country, The Coloradoan reports. The study, conducted with Carnegie Mellon University and ...

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Utica well activity

The Utica shale has been a booming shale and drilling is still going strong. During the week of December 27, 50 rigs were operating in the Utica and five horizontal drilling permits were issued. Although oil prices have been on a down hill slide and many companies across the nation have reported cut backs, those working in the Utica are ...

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Petroleum titans join forces with heads of state to reduce methane

Zachary Toliver | Shale Plays Media Through combined efforts, international oil and gas giants have aligned with representatives from major petroleum producing states to set up a strategy to reduce methane emissions. As a part of United Nations Secretary-General Ban Ki-moon’s design to tackle climate change, the Oil and Gas Methane Partnership launched Tuesday in-line with the largest-ever UN Climate ...

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