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Tag: shale
Another driller pulling back spending in Utica shale
2015-01-27 11:36:02| Oil & Gas - Topix.net
Hess Corp. spending in the Utica shale play will drop 42 percent this year, as the oil and gas giant joins the cavalcade of cautious companies reining in U.S. shale development. Hess plans capital expenses of $290 million, down from $500 million last year as the company transitions "at a measured pace in this price environment and as infrastructure builds out," the company said late Monday.
Tags: back
spending
pulling
utica
Top 5: Most shale gas wells drilled in Pennsylvania
2015-01-23 19:48:18| Oil & Gas - Topix.net
Who has the most shale gas wells drilled in Pennsylvania? The answer lies in the Jan. 23 Weekly Edition of the Pittsburgh Business Times - and here is the top 5 from the list: The companies are ranked by the number of wells drilled in shale-gas plays.
Tags: top
gas
pennsylvania
wells
FirstEnergy Projects Support Expanding Shale Gas Facilities in Ohio Edison Territory
2015-01-21 19:19:00| Transmission & Distribution World
FirstEnergy Corp. has completed $6 million in new transmission projects and is evaluating additional system upgrades across its Ohio Edison service area to meet rising electric demand growth driven by the shale gas industry. read more
Tags: support
projects
facilities
gas
U.S. shale industry may shrink by 30% -- Ross Perot Jr.
2015-01-21 16:20:10| IT Services - Topix.net
Be ready for up to one third of the U.S. shale industry to get knocked out, warns Texan billionaire Ross Perot Jr. The son of legendary oil magnate Henry Ross Perot Sr. said the recent U.S. shale gas boom was "unsustainable," and now it's time for a bust. He predicts that crude oil prices could go below $40 per barrel, which would shut down 20% to 30% of U.S. shale industry as the declining price makes production too expensive.
BHP cuts shale rigs on oil collapse
2015-01-21 11:58:51| BBC News | Business | UK Edition
The falling oil price has forced the world's biggest miner BHP Billiton to cut its US shale oil operation by 40%.
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