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Tag Archives: drilling

PDC may start drilling in the Utica again

After suspending its oil and gas drilling operations in December of last year, PDC Energy Inc. announced it may resume work sooner than planned. PDC suspended its oil and gas operations in Ohio’s Utica Shale formation due to better economics in the shale field located near its “home” in Denver.  However, now that the company has received positive feedback from ...

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Permian gets shaken up by earthquake

Earthquakes are becoming more and more frequent these days in oil regions of the U.S., including the Permian Basin. U.S. Geological Survey (USGS) officials have confirmed that a 3.1 magnitude earthquake shook the ground in the Permian Basin.  The earthquake took place off of Highway 285, north of Fort Stockton on Sunday at 4:16 pm.  There have been no injuries ...

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Deer Lakes projects property tax increase of 1.85%

Tax breaks ending

A $341,000 Marcellus shale signing payment apparently won’t save Deer Lakes School District property owners from a tax increase in the new school year. Property taxes in the district encompassing East Deer, Frazer and West Deer are proposed to increase by 1.85 percent under the preliminary $34.6 million 2015-16 spending plan. The district’s property tax would increase by 0.406-mill, from ...

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Rig drop slows

Permian Basin oil companies released six rigs in the past week, raising the possibility that the rate of cutback is slowing after the tremendous reductions of the previous weeks. The region had 362 rigs running on Friday, per the latest count from Baker Hughes. That is 204 fewer rigs than Nov. 26, the day before the Organization of Petroleum Exporting ...

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Less drilling, more dealing

For an oil and gas company belonging to a very narrow stripe of the industry that’s well capitalized, long-term oriented and opportunistic, this might be a good time to make a deal. Some industry experts predict 2015 may turn out to be a year of less drilling and more dealing, as low oil and natural gas prices force some companies ...

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North Dakota regulator says falling oil prices not all gloom

BISMARCK, N.D. — North Dakota’s top oil regulator says there is a “little bit of gloom but no doom” for the state’s petroleum industry. Department of Mineral Resources Director Lynn Helms told the House Appropriations Committee on Thursday that low oil prices already have halted several rigs in the past month. Helms says the current rig count stands at 166. ...

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New drilling plan for Pawnee Grassland drafted

STERLING, Colo. — Federal authorities have proposed making nearly all federally owned and unleased areas of the Pawnee National Grassland in eastern Colorado available for drilling. A draft report released by the U.S. Forest Service Tuesday would allow underground drilling as long as there is no surface activity, meaning the mineral rights may be leased for horizontal drilling. The Sterling ...

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Study: More drilling could lead to more crime, traffic deaths and STDs

Six Pennsylvania counties with a high number of Marcellus shale drilling operations had more violent crime, traffic fatalities and, in some cases, sexually transmitted diseases than counties with less drilling, a newly released study determined. Although they experienced employment gains, those counties also saw rent prices increase while their populations had no noticeable growth, according to “The Shale Tipping Point” ...

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Drilling tax could cripple state economy, gas industry warns

drill

HARRISBURG — Three days after the newly-elected Senate majority leader opened the door to negotiations on a natural gas drilling tax, industry leaders reiterated their stand that such a tax would harm the state’s economy. Additional taxes would have a “crippling effect on jobs” said Stephanie Wissmer, executive director of the Associated Petroleum Industries of Pennsylvania. “It threatens to stifle ...

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