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Posts related to ‘fracking’

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Fracking and Shale May Keep the Price of Oil Low Forever

Posted: May 8, 2013 at 11:50 am

Good news is here for consumers who hate high gasoline prices. There is something at work that may keep the price of oil from rising too much, but the price ...
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The Drought Adds to Energy Prices

Posted: July 31, 2012 at 7:50 am

While the U.S. drought continues to wreak havoc with crops, scarce water also has an impact on the price of U.S. crude oil and natural gas. The operative word in ...
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Insurance Companies Start to Decline Fracking Coverage

Posted: July 24, 2012 at 6:45 am

Nationwide Mutual has become the first insurance company to decline coverage for claims related to hydraulic fracturing, a controversial energy production known as “fracking.” In a press statement “FOR IMMEDIATE ...
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US Gas Drilling Slowdown Hits Supplier (KEX, BHI, XOM, CHK, EOG, RRC)

Posted: June 25, 2012 at 7:53 am

A major supplier of the engines and transmissions that drive the hydraulic fracturing (fracking) at US oil and gas wells announced this morning that it is reducing its second quarter ...
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Shale Gas Development Contributes 1 Million US Jobs (CHK, EOG, APC, DVN, APA, RRC)

Posted: June 13, 2012 at 11:41 am

The development of unconventional natural gas resources in the lower 48 states supported 1 million jobs in 2010, and that total will grow to 1.5 million by 2015 and to ...
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Schlumberger Warns on Earnings (SLB, BHI, HAL)

Posted: March 26, 2012 at 12:04 pm

At an energy conference in New Orleans today, the CEO of Schlumberger Ltd. (NYSE: SLB) said that downward pressure on prices for the company’s hydraulic fracturing (fracking) services will have ...
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Chinese Oil Field Services Firm Jumps (RCON, BHI, SNP)

Posted: March 20, 2012 at 12:16 pm

China’s Recon Technology Inc. (NASDAQ: RCON) announced yesterday that it had successfully used a hydraulic fracturing (fracking) technique developed by Baker Hughes Inc. (NYSE: BHI) to complete a fracking project ...
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Fracking Did Not Pollute Pennsylvania Water

Posted: March 19, 2012 at 7:19 am

The US Environmental Protection Agency has been testing homeowners’ wells around Dimock, Pennsylvania, trying to determine if the water has been polluted the hydraulic fracturing (fracking) process used to extract ...
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Chesapeake Sells Utica Shale Stake to Total (CHK, TOT, BP, PXP, SD, CRZO)

Posted: January 3, 2012 at 9:34 am

In yet another of the deals that shakes up the landscape of US shale gas production, Chesapeake Energy Corp. (NYSE: CHK) has formed a joint venture with Total SA (NYSE: ...
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US EPA Links Fracking to Groundwater Contamination (ECA, CHK, XOM, EOG)

Posted: December 12, 2011 at 8:09 am

The US Environmental Protection Agency on Thursday released a draft of its three-year study of possible groundwater contamination caused by hydraulic fracturing near Pavillion, Wyoming. The draft results are not ...
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Federal Panel Wants Controls on Fracking (HAL, SLB, WFT, CPX, KEG, PTEN, RES, SWSIP, BHI, CHK, RRC)

Posted: August 11, 2011 at 9:42 am

The boom in natural gas production resulting from horizontal drilling and hydraulic fracturing (fracking) has come at a price. There is plenty of anecdotal evidence that the chemical stew of ...
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Media Digest (6/20/2011) Reuters, WSJ, NYT, FT, Bloomberg

Posted: June 20, 2011 at 6:22 am

Euro-zone financial ministers said they would delay a new installment payment to Greece until it was clear that the nation had adopted new austerity measures. (Reuters) ICANN, the global domain ...
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Shale Gas Producers Could Face Financial Pressure (XOM, CHK, HK, RRC, XCO, SM, HAL, SLB)

Posted: February 1, 2011 at 2:36 pm

The land rush to acquire and develop shale gas deposits remains as competitive as ever. But the way that the gas is extracted threatens to put a crimp in development ...
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