BHP Billiton is focusing the bulk of its US onshore spending on the Eagle Ford shale this year and seeing promising results from field trials aimed at increasing production and reducing costs at its wells in the South Texas shale play.
Wyoming has adopted a rule that calls for operators to perform baseline testing of area groundwater before and after drilling.
Today, BHP is a prominent participant in the US unconventional oil and gas business, with operations spanning the Haynesville, Fayetteville, and Eagle Ford shales as well as the Permian basin.
The Bakken-Three Forks tight oil formation is already one of the top producing oil plays in the US, but leading operator Continental Resources Inc. believes there may be even more oil in place than previously thought in deeper benches of the Three Forks formation.
Operational efficiency is improving across the Bakken-Three Forks tight oil play. US Energy Information Administration
Port Corpus Christi has emerged as a coastal gateway for crude produced in the Eagle Ford shale, with roughly 16.4 million bbl of crude moving out of the port in January primarily to refineries along the Gulf Coast, according to data compiled by ClipperData LLC.
The oil and gas industry is watching with great interest as energy reforms unfold in Mexico. The country has taken the first steps toward opening its energy industry to outside investment that could unlock the potential of its massive unconventional resource.
By now it is likely a familiar story that, since the mid-2000s, intense drilling activity in unconventional formations, like shale, has led to a glut in natural gas supplies across North America and a collapse in regional gas prices.
Range Resources Corp. plans to further increase its production in the Marcellus shale in 2014 and has set a higher capital spending budget that will enable it to drill even longer laterals and utilize more completion stages at its Marcellus wells this year.
Public relations experts shared their thoughts on how the oil and gas industry can improve its image, and judges from two Texas counties spoke about concerns of residents in the Eagle Ford shale at Petroleum Connection's Clean Frac'ing Conference.
Colorado appears poised to consider a ballot measure this November that, if passed, could lead to a patchwork of local rules for oil and gas development.