Displaying 71 - 80 of 142 articles
J. Larry Nichols, executive chairman of Devon Energy, says hydraulic fracturing for natural gas is not responsible for Oklahoma earthquakes and has never contaminated groundwater.Nichols says that hydraulic fracturing has become like the Sputnik satellite launched by the Soviet Union in 1957 — the...
Unlike the increasingly unpopular coal industry, natural gas seems to be making friends in Washington. Even so, Washington energy officials are calling on shale gas operations to do more as domestic energy providers.In a release accompanying 20 recommendations for shale gas drillers, the U.S. Department...
Michael Yeager, chief executive officer of BHP’s petroleum unit, says the company plans to spend around $4.5 billion on developing shale gas in 2012.'This is going to be a gamechanger around the world and for BHP Billiton not to be part of it would be irresponsible,' Yeager said.BHP said it plans to...
Shale gas enhancing energy supply, securityWhether you call it revolution or evolution, one thing is clear: Shale natural gas is producing jobs and economic benefits across the nation.This week, shale gas was the focus of a major conference in Houston involving industry representatives, government officials...
Preliminary findings from the Energy Institute's study released Wednesday suggest there is no link between the extraction operations and groundwater contamination, said the study's leader, Charles "Chip" Groat, a UT geology professor.He noted that the dangers associated with shale gas drilling — which...
Total SA is seeking to increase its exposure in the U.S. shale sector.Speaking at the World Shale Gas conference in Houston, John Bannerman, chief executive officer of Total E&P USA, said that the company was exploring new joint ventures or becoming an operator."We're very clearly on the lookout,"...
Private equity firm TPG Capital has teamed up with two energy industry veterans to form a new venture with an initial capital of up to $1 billion to buy and run conventional natural gas-producing assets in North America.U.S. natural gas prices have remained depressed for the last two years due to surging...
Exxon Mobil Corp. is confident the shale boom that has changed the U.S. energy landscape will spread across the globe, resulting in increased oil and natural-gas supplies, a top executive said."We do believe there is potential for unconventional oil development from shale resources globally," Mark Albers...
Shale gas experience: Good money, water fearsTo appreciate the promise and betrayal of the nation's natural gas rush, look no further than Hopewell Township, a rural community in southwestern Pennsylvania where the 957 residents barely outnumber the dairy cows.Like dozens of farming communities in the...
Chesapeake Energy Corporation has entered in two transactions to monetize a portion of its 1.5 million net acres of leasehold in the Utica Shale play primarily in eastern Ohio. Fully implemented, the transactions would result in consideration to Chesapeake of approximately $3.4 billion.Chesapeake has...