Shale News

Oil and gas companies court military veterans as shale boom grows

John MacZura, an Army infantry veteran, started work a week after graduation.

Before receiving his petroleum engineering degree from Penn State in 2013, Mr. MacZura, 30, had already piqued the interest of five or six oil and gas companies. He had job offers from three. He eventually joined Houston-based Cabot Oil and Gas, where he now works as a completions engineer.

“The military plays a large part in how I got to where I’m at today,” said Mr. MacZura. He spent four years stationed at the Schofield Barracks in Hawaii and two in the National Guard.

Rex Energy offers update on Appalachian Basin

STATE COLLEGE, Pa., Sept. 15, 2014 (GLOBE NEWSWIRE) -- Rex Energy Corporation (Nasdaq:REXX) today provided an update on its Appalachian Basinoperations, third quarter 2014 production guidance and borrowing base under its senior secured credit facility.

Appalachian Basin - Warrior North Prospect

New petroleum technology revitalizes Powder River Basin

The Powder River Basin, well known for its abundant coal supply, is experiencing a turnaround in oil production. Production has rebounded from a low of 38,000 barrels per day (bbl/d) in 2009 to 78,000 bbl/d during first-quarter 2014. Although U.S. oil production growth is occurring primarily in the Bakken, Eagle Ford, and Permian Basins, the Powder River Basin is among other regions of the country that have also benefitted from the application of horizontal drilling and hydraulic fracturing.

Lodges to be built for Tuscaloosa Marine Shale workers as hotels fill

Companies use on-site trailers to house workers engaged in fracking the Tuscaloosa Marine Shale deposit, and they’ve rented blocks of hotel rooms. But as oilfield and service workers reach a critical mass, particularly in southwest Mississippi, communities want to build “crew lodges” for them. A Metairie-based firm is acquiring land from Pike County, Miss., for modular lodges. And Louisiana parishes are considering these stopgap quarters.

Shale boom will boost plastics, boosting Advanced Drainage Systems, CEO says

Advanced Drainage Systems Inc. expects to “benefit significantly” from the fracking boom in the U.S.

The newly public company makes plastic pipes for construction and agriculture use and says some natural gas found in shale formations, including Ohio’s Utica, contain large amounts of ethylene used to make plastics.

“We’re not predictors, but we truly believe our industry and ADS will benefit significantly from the shale gas phenomenon that’s going on,” CEO Joe Chlapaty told investors at a conference this week.

Rig count up; Texas drops two

The number of rigs exploring for oil and natural gas in the U.S. increased by six this week to 1,931.

Baker Hughes Inc. said in its weekly report Friday that 1,592 rigs were exploring for oil and 338 for gas. One was listed as miscellaneous. A year ago there were 1,768 active rigs.

The average U.S. rig count for August was 1,904, up 28 from July and up 123 from August 2013, the Houston-based oilfield services company said this week.

Texas company looking at Bakken pipeline market

WILLISTON, N.D. — A Texas-based company is looking to enter the Bakken crude oil shipping business.

Enterprise Products Partners of Houston is seeking customer commitments for its proposed crude oil pipeline from the Williston Basin in North Dakota to the Cushing hub in Oklahoma.

Enterprise announced a binding open season Sept. 4 to determine shipper demand for capacity on the 1,200-mile pipeline, which would also serve the Powder River and Denver Julesburg basins, according to a company news release.

Permian Basin Drilling Report : Week of Sept. 4 through Sept. 10, 2014

Permit applications approved by the Texas Railroad Commission for Sept. 4 through Sept. 10 for Districts 7C, 8 and 8A. Numbers in parentheses indicate the number of permits approved for that leasehold.

 Anadarko E&P Onshore LLC, University 19-27, Loving, new drill; Banner 57-1-21, Reeves, new drill; Raybank 1-44, Loving, new drill; Cheyenne 57-3-13, Reeves, new drill (3).

Macedonia Dorcheat well making 20 barrels and 442 mcf of gas daily

Little activity was reported across South Arkansas’ oil and gas fields last week, but it was widespread with drilling permits or well production reports in four counties.

The Arkansas Oil and Gas Commission granted three drilling permits.

Arrowhead Operating of Midland, TX is the operator and Fran Drilling is the contractor for the Warnock No. 1 saltwater disposal well 650 feet FNL and 2,061 feet FWL of Section 27-16S-24W in the Kress City Field of Lafayette County. Permit depth was to 3,000 feet in the Tokio Zone. Work will start September 20.

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