Gas production in the Marcellus and Utica has accounted for 85% of the increase in gas production since 2012, the U.S. Energy Information Administration (EIA) reported July 28.
When properly implemented and used, Big Data gives companies the power to find value in data that otherwise would yield few results, according to Enaxis Consulting.
The recent slump in reported completions is unusual and coincides with the fall in oil prices which has seen wellhead prices for Bakken crude drop below $50 per barrel.
Rice Alliance’s Energy and Clean Technology Venture Forum takes place from 8 a.m. to 6:30 p.m. Sept. 17 at Rice University’s McNair Hall in Houston.
Win A Water Challenge, Get $25,000─Plus A Chance For MoreIn this challenge, water takes the spotlight in GE and Statoil’s crowd-sourcing efforts to find ways to reduce the amount of water used in shale developments. The goal is also to find better treatment and reuse water solutions at such developments—without sacrificing productivity, of course.
Accurate information is essential for good decision-making, so it is remarkable how little reliable and timely data exists about the production and consumption of crude oil and refined fuels outside the United States.
Oil and gas companies should be thinking about how they will get workers back if or when improved market conditions demand hiring.
It is even more important to pick out particular aspects of companies that offer resilience in such a volatile oil price environment, according to Aspen’s Michael Toppi.
A new report estimates that fugitive and vented losses from oil and natural gas operations on federal and tribal lands amounted to over 65 billion cubic feet (Bcf) of natural gas in 2013, representing over 1 million metric tons of harmful methane pollution.
The International Maritime Bureau (IMB) said in April that 54 incidents of armed robbery and piracy against ships were reported between January and March 2015.