Posts Tagged ‘marcellus’

US rig count up by three

by on November 16, 2012 7:45 pm BST
There was one more rig drilling for oil this week for a total of 1390 and four more rigs drilling for gas to total 417.Oil rigs are up by 265 from a year ago and gas rigs are down by 454.Louisiana was the big mover this week, adding five rigs for a

Marcellus operators brace for monster storm

by on October 29, 2012 9:26 pm BST
Marcellus operators did not anticipate much if any impact on gas production, however.Cabot Oil & Gas spokesman George Stark told Upstream that the company "fully expects and is making plans to lay down rigs"."The good thing is that from a production standpoint, the storm shouldn't have any impact,

Statoil to sell Marcellus gas to Canada and plan pipeline to Manhattan

by on October 29, 2012 3:11 pm BST
Statoil to sell Marcellus gas to Canada and plan pipeline to ManhattanBT KJETIL MALKENES HOVLAND OSLO -- Statoil will deliver U.S. gas to Canada from the Marcellus shale gas area in Pennsylvania from Nov. 1, in a move to secure better prices."From Nov. 1, we are selling our Marcellus gas to Toronto instead

Range bleeds on low gas prices

by on October 24, 2012 11:20 pm BST
Fort Worth, Texas-based Range posted a $53.8 million loss in the three months the September after reporting profits of $34.8 million a year earlier. The losses were due largely to a $58.4 million non-cash derivative mark-to-market reduction in value as compared to a $55 million hit