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US shale an ‘unmitigated disaster’ with industry hundreds of billions in debt – shale pioneer

2 days ago DieselGasoil Comments Off on US shale an ‘unmitigated disaster’ with industry hundreds of billions in debt – shale pioneer
Fracking has been an “unmitigated disaster” for shale companies themselves, according to a prominent former shale executive. “The shale gas revolution has frankly been an unmitigated disaster for any buy-and-hold investor in the shale gas industry with very few limited exceptions,” Steve Schlotterbeck, former chief executive of EQT, a shale gas giant, said at a petrochemicals conference Read More

US shale an “unmitigated disaster” with industry hundreds of billions in debt – shale pioneer

2 days ago DieselGasoil Comments Off on US shale an “unmitigated disaster” with industry hundreds of billions in debt – shale pioneer
Fracking has been an “unmitigated disaster” for shale companies themselves, according to a prominent former shale executive. “The shale gas revolution has frankly been an unmitigated disaster for any buy-and-hold investor in the shale gas industry with very few limited exceptions,” Steve Schlotterbeck, former chief executive of EQT, a shale gas giant, said at a petrochemicals conference Read More

US oil, gas rig count drops 13 to 1,040 on week: S&P Global Platts Analytics

6 days ago DieselGasoil Comments Off on US oil, gas rig count drops 13 to 1,040 on week: S&P Global Platts Analytics
Houston — The US oil and gas rig count dropped by 13 to 1,040 week on week, S&P Global Platts Analytics said Thursday, continuing its see-sawing behavior that has characterized domestic unconventional activity since oil prices plummeted late last year. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now Oil-directed Read More

Governor wants Pennsylvania to join greenhouse gas reduction program

1 week ago DieselGasoil Comments Off on Governor wants Pennsylvania to join greenhouse gas reduction program
(Reuters) – Democratic Pennsylvania Governor Tom Wolf asked Republican lawmakers on Tuesday to authorize the state to join a program to reduce greenhouse gas emissions in several Northeastern U.S. states, according to a report from the Associated Press. An analyst at Height Capital Markets in Washington said on Wednesday that discussion on the market-based Regional Read More

EDGE begins on-wellsite LNG production

1 week ago DieselGasoil Comments Off on EDGE begins on-wellsite LNG production
6/18/2019 LONDON — Edge Gathering Virtual Pipelines 2 LLC has begun well-site LNG production operations in the United States in order to provide the Mid-Atlantic and New England marketplaces with a new source of high-quality and low-cost LNG. EDGE expects to be among the most competitive suppliers of truck-delivered LNG in these markets due to Read More

Analysis: US oil and gas rig count reverses two-week decline: Platts Analytics

2 weeks ago DieselGasoil Comments Off on Analysis: US oil and gas rig count reverses two-week decline: Platts Analytics
Highlights Reverses two weeks of double-digit declines Permian returns 8 rigs to field Denver — US oil and natural gas rigs totaled 1,053 for the week ended June 12, according to data by S&P Global Platts Analytics. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now This represents a net Read More

Jerry Jones likens natural gas deal to Dallas Cowboys buy

2 weeks ago DieselGasoil Comments Off on Jerry Jones likens natural gas deal to Dallas Cowboys buy
By Simon Casey and Rachel Adams-Heard on 6/11/2019 NEW YORK and HOUSTON (Bloomberg) — Dallas Cowboys owner Jerry Jones is expanding his natural gas empire at what looks like the worst possible time. Intentionally. Jones’s Comstock Resources announced plans Monday to acquire closely held gas rival Covey Park Energy in a $1.1 billion cash-and-stock deal Read More

Hi-Crush Inc. Initiates $25 Million Stock Repurchase Program

2 weeks ago DieselGasoil Comments Off on Hi-Crush Inc. Initiates $25 Million Stock Repurchase Program
HOUSTON, June 10, 2019 (GLOBE NEWSWIRE) — Hi-Crush Inc. (NYSE: HCR), “Hi-Crush” or the “Company”, today announced that the Board of Directors has approved a stock repurchase program of up to $25 million, effective immediately and authorized through June 30, 2020. “The Board authorized repurchase program and the recent purchases of shares by management reflect Read More

US oil, gas rig count falls 12 on week to 1,049: S&P Global Platts Analytics

3 weeks ago DieselGasoil Comments Off on US oil, gas rig count falls 12 on week to 1,049: S&P Global Platts Analytics
The US oil and natural gas rig count fell by 12 week on week to 1,049, S&P Global Platts Analytics said Thursday, amid continued slippage in crude prices into the low $50s/b and worries over global demand. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now The decrease leaves the Read More