Production

University report finds Utica Shale investment has surpassed $50 billion

Thanks to fracking, Ohioans do not have to choose between stable jobs or clean air by Jackie Stewart, EnergyInDepth A new Cleveland State University (CSU) report entitled “Shale Investment Dashboard in Ohio” finds total Utica Shale investment topped $50.4 billion from 2011 to the summer of 2016. That total includes $38.8 billion in upstream investment

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Report shows Marcellus production skyrocketing despite fewer wells

Pennsylvania production was roughly 378.9% less natural gas than 2016 By Nicole Jacobs, EnergyInDepth The Pennsylvania Department of Environmental Protection (DEP) released its annual oil and gas report this week, and it is chock full of great news for the Commonwealth. Not only is production skyrocketing despite a decrease in new shale well permits, the

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Upstream oil/gas players grapple with uncertainty – Wood Mackenzie

Wood Mackenzie survey gauges the state of the industry The oil and gas industry is facing a challenging year. Oil prices remain volatile, and uncertainty remains about whether prices will recover from around US$50/bbl, according to Wood Mackenzie. Across the upstream sector, companies are considering their next investments, while weighing how to remain profitable in

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Saskatchewan heavy oil production relatively stable despite lower prices

Husky Energy, Blackpearl Resources report operating costs as low as 8-$9USD/b Despite lower oil prices and reduced drilling activity in western Canada since 2014, production of conventional heavy oil in Saskatchewan remained relatively stable, according to an NEB press release. Over this period, the benchmark West Texas Intermediate (WTI) oil price dropped 53 per cent and drilling activity

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Seven Generation Energy achieves record production in 2016

Planned capital spending between $1.5 and $1.6 billion Seven Generations Energy Ltd.’s  first quarter production averaged 153,100 boe/d, up 73 per cent and setting a quarterly record, according to a press release. With record quarterly production and stronger commodity prices, funds from operations set a record at $272.3 million or 75 cents per share, an increase

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