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Oil Price Volatility To Push US Shale Industry Into Next Phase Of Consolidation And Productivity Gains
2015-01-06 01:24:38| oilandgasonline Home Page
Declining oil prices are impacting short term exploration and production (E&P) capital expenditures (CAPEX) and profitability, and will provide impetus to shift toward smart CAPEX and innovative operational expenditure (OPEX), according to new Frost & Sullivan research.
Tags: price
industry
oil
phase
Global Shale Gas and the Anti-Fracking Movement
2015-01-04 19:57:46| Oil & Gas - Topix.net
Water Contamination The evidence strongly suggests that fracking poses serious dangers to workers, communities, and the natural environment with particularly severe impacts in terms of water contamination and access. Fracking just one well can use between 2 million to 5.6 million gallons of freshwater and produce between 420,000 to 2.5 million gallons of wastewater.
Tags: global
gas
movement
shale
New Yorks ban on high-volume fracking rocks the foundations of 'shale revolution.'
2015-01-01 15:00:00| Climate Ark Climate Change & Global Warming Newsfeed
DC Bureau: Emboldened by mounting scientific evidence and shifting poll data, Gov. Andrew Cuomo veered sharply away from Americas conventional wisdom about the wonders of high-volume hydraulic fracturing of shale formations when he banned the practice in New York State on Dec. 17. While the oil and gas titans hope to contain the uprising to one state, the environmental advocates who masterminded it are quietly optimistic that it represents a tipping point, signaling impending decline for fossil fuels decades-long...
Tags: revolution
ban
rocks
foundations
UPDATE 1-Norway's Statoil to reduce stake in U.S. shale formation
2014-12-23 11:46:01| Oil & Gas - Topix.net
Statoil has sold part of its stake in a shale field in the northeast of the United States to Southwestern Energy for $394 million, the Norwegian energy firm said on Tuesday. Like its rivals, Statoil is stepping up efforts to sell assets and preserve cash as the industry faces a slump in the oil price, which has fallen by around a half since June.
Tags: update
reduce
formation
stake
Chesapeake Energy sells Southern Marcellus and Utica shale assets for $4.975bn
2014-12-23 01:00:00| Hydrocarbons Technology
Chesapeake Energy has sold its assets in the Southern Marcellus Shale and a portion of the Eastern Utica Shale in West Virginia, US, to Southwestern Energy for $4.975bn.
Tags: energy
southern
assets
sells
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