More Oil & Gas News

Global marketed natural gas production and “apparent” consumption in 2012 grew slowly, according to a new report from Cedigaz, the international natural gas association based near Paris.

Royal Dutch Shell PLC said Ann Pickard, currently vice-president, Australia and New Zealand, upstream international, will be moved to the position of executive vice-president, Arctic, upstream Americas, effective June 1.

Oil prices fell Apr. 30 with crude dropping 1.1% in the New York futures market after the Euro-zone reported record high unemployment of 12.1%. There also was continued concern of possible US intervention in Syria.

ALBANY, NY—Marcellus Shale production reached 7 bcfd, surpassing the Haynesville to become the largest gas producing play in the US, according to a recent report from IHS.

Given the demanding schedules oil and gas professionals must maintain, it is easy to lose sight of the positive progress the industry continues to make—and what these collective efforts, aimed at safely producing clean-burning domestic natural gas, mean for the Northeastern US and the country as a whole.

The Tuscaloosa Marine shale, located along the Gulf Coast in both Louisiana and Mississippi, is underexplored. "We're in the midst of trying to develop the commercial potential of the Tuscaloosa Marine shale resource," said Doug Hock, spokesman for Encana Oil & Gas (USA) Inc. "Our focus is on reducing well costs."

FAULKNER COUNTY, Ark.—In January, the USGS announced results from its year-long groundwater study in the central portion of Arkansas' Fayetteville shale.

ATASCOSA COUNTY, Tex.—The University of Texas at San Antonio (UTSA) Center for Community and Business Research reported in March 2013 that Eagle Ford shale development added more than $61 billion in total economic impact during 2012.