Oklahoma proposes oil restrictions after quakes
A state regulator in Oklahoma said it was proposing new plans for how oil and gas operators work in shale basins given the recent occurrence of earthquakes. The U.S. Geological Continue Reading
Oklahoma Oil Firm Resists Call to Shut Down Wells Amid Earthquake Concerns
A financially strapped Oklahoma oil company is defying the state regulator’s request that it shut down six wells used to dispose of wastewater, despite fears they may be contributing to Continue Reading
Cheniere Starts Producing at Shale Gas Export Terminal, ING Says
Cheniere Energy Inc. began production at what will become the first terminal to export natural gas from America’s shale formations, according to ING Capital LLC, which helped finance the project. Continue Reading
Chesapeake Leads S&P 500’s Losers Amid Historic Gas Slump
Chesapeake Energy Corp. is having its worst year since 1998 after halting dividend payouts, slashing drilling budgets and cutting one of every six employees failed to rescue the energy explorer Continue Reading
America’s Top Shale Gas Basin in Decline
The natural gas drilling frenzy is grinding to a halt, as the industry struggles with excess supply. Natural gas prices have plunged to their lowest levels in more than a Continue Reading
Barnett shale gas estimate doubles
The U.S. Geological Survey said its review of the Barnett shale basin in north-central Texas led it to double the estimated reserve potential. “We decided to reassess the Barnett Shale Continue Reading
Chesapeake Energy Works on a Recovery Plan With Evercore’s Advisers
The Chesapeake Energy campus in Oklahoma City. The company is trying to rework its debt…. The Evercore bankers are advising the natural-gas producer on potential measures to reduce its $11.6 Continue Reading
Cubic Energy Files for Chapter 11 Bankruptcy
Cubic Energy Inc., CBNR 0.00 % the latest Texas oil company brought down by falling oil prices, filed for bankruptcy protection after reaching a deal with its lenders to hand Continue Reading
New Study Finds Oil and Gas Methane Emissions in the Barnett Shale Twice Official Estimates
A new scientific study published recently in the Proceedings of the National Academy of Sciences , coordinated by EDF, reports findings from the most comprehensive examination of regional methane emissions Continue Reading
America’s biggest gas field finally succumbs to downturn
Preliminary figures provided by DrillingInfo, which monitors rig activity, showed drilling permits issued for the 90,000-square mile (233,100 sq km) reservoir beneath Pennsylvania, Ohio, and West Virginia, slumped to 68 Continue Reading