EPA Reverses Course With New Fracking Study
Fracking can contaminate drinking water under "some circumstances," the EPA said in a Dec. 13 report, which changes a previous finding that the drilling process does not cause "widespread, systemic" effects.
Report: Exploration Spending Could Dip Further In 2017
But exploration should return to profitability next year, partly driven by lower costs, according to an energy consulting firm.
Battle Underway For Rockies' Well Stimulation Market Share
Halliburton is easily on top in the D-J and the Greater Green River basins, but ceded share in the second quarter.
D-J, Uinta Basins See Minor Uptick In Drilling
Even though operators have increased horizontal rigs in the Denver-Julesburg Basin, there are mixed messages whether drilling activity is actually rising in the Greater Rockies' market.
Vital Signs: D-J Basin’s Heart Still Beating
A recent study revealed Colorado’s Weld County has the most economic fracklog in the U.S., implying that a major part of the growing DUC inventory is commercial at current oil prices.
Greater Rockies Activity Highlights: May 2016
Larry Prado, Hart Energy's activity editor, summarizes some of the recent activity in the Greater Rockies by companies including Chesapeake, SM Energy and SandRidge.
Ultra Petroleum Files For Bankruptcy
The Texas-based company, which has operations in Wyoming's Pinedale Field, Utah's Uinta Basin and Pennsylvania's Marcellus Shale, listed assets in the range of $1 billion to $10 billion, and liabilities of $1 billion to $10 billion, according to a court filing.
BP Shrinks Again To Weather Extended Oil Slump
The British oil and gas company, which has already sold nearly $50 billion in assets since the deadly 2010 Gulf of Mexico spill, said it expected an additional $3- to $5 billion of divestments in 2016.
Basic Energy Lowers Fracking Services Prices
The company's fluid services business has been the most resilient. This is due to its salt water disposal well network, especially in markets like the Permian Basin.
QEP Reports First Quarter Loss Amid Strong Shale Results
QEP Resources Inc. (NYSE: QEP) reported April 29 a first-quarter net loss of $55.6 million, or $0.32 per diluted share, in a release of its financial and operating results.