All things pertaining to the leasing, drilling and production of shale gas and oil.
Maryland’s two-year ban on hydraulic fracturing was always a mistake but the Environmental Protection Agency’s new report on the safety of the technique leaves little doubt.
EPA’s multi-year study, drawing from 950 sources of information, confirmed that fracking is being done safely and poses just a minor risk to groundwater. While some have sowed seeds of fear about fracking, and succeeded in some cases, it’s time to let facts and science direct Maryland’s energy future.
Posted by Jim McDonnell on August 15, 2015 at 8:00am
There's been plenty of traders calling for a bottom in most commodities this week....but not so fast. So there is no better time to have our trading partner…Continue
Posted by Ray @ The Crude Oil Trader on August 2, 2015 at 8:10am
by G. Allen Brooks
Last Tuesday, we attended two interesting meetings in Houston at which the role of private equity in the energy sector was highlighted. It was evident after listening to the five private equity investors who presented at these meetings that each sees continued opportunities to deploy capital in the energy business, but they all acknowledge that the industry’s outlook has changed materially over the past nine months and that the industry is not likely to return to…Continue
Posted by Keith Mauck, Publisher on April 21, 2015 at 8:20am
Just about three years ago, on April 19, 2012, the prompt-month (see Note 1) natural gas futures contract closed at $1.91 per mmBtu, a twelve year low. On April 9, 2015, the prompt-month contract closed at $2.53 per mmBtu.
Are natural gas prices higher now, in April 2015, than they were in…Continue
Posted by Jim McDonnell on April 14, 2015 at 7:30am
Like many in this industry, we spend a lot of time looking at the weekly data seeking a clue to the end of the industry’s current down-cycle and the start of the next up-cycle. Throughout our career we have watched weekly data series become a cause célèbre for forecasters. In the past, it might have been weekly Baker Hughes (BHI-NYSE) rig count numbers, natural gas storage injections or withdrawals, oil storage volumes, weekly gasoline production figures, gasoline pump prices, or possibly…Continue
Posted by Keith Mauck, Publisher on April 13, 2015 at 9:05am
The news is full of claims and predictions about where crude oil prices are headed, and how soon they will get there. Remember the admonition to economists: forecast often but only give a price with no date, or a date with no price. As oil prices have rebounded during the past two weeks, we continue to see forecasts claiming the U.S. is headed for oil prices somewhere between $20 and $10 a barrel. The analysis behind these forecasts relies on the recent history…Continue
Posted by Keith Mauck, Publisher on March 10, 2015 at 8:30am
We have been informed of at least two global funding soon to pour into renewed Utica Leasing/minerals. The target area is to be widespread throughout the Utica Oil and Wet Gas windows. In the near future we will be in a position to identify the…Continue
by Vincent LentiniExcerpted from The Shale Gas Revolution eBook.ArgentinaArgentina contains one of the largest energy reserves in the Western Hemisphere, which is known as the Vaca Muerta. The U.S. Energy Department estimated that the Vaca Muerta…Continue
Started by Keith Mauck, Publisher in General Shale Discussions Apr 21, 2014.
The seems to be lots of fracking going on all over PA. I sent out 100 letters to various companies and no one was interested in Lackawanna. Is there a reason for this? Stiffer regulations maybe? I'm told there is gas in the area. What makes them…Continue
Started by Stephen in General Shale Discussions Apr 14, 2014.
The House Foreign Affairs Committee's trade panel meets this afternoon for a hearing on the U.S. crude oil export ban. "It is time to revisit the crude oil export ban and consider opening up this valuable commodity to the world market," Subcommittee…Continue