Last Friday Noble Energy discovered a valve left open on a brine wastewater storage pond was allowing brine water to pour out—some 2,264 barrels (95,000 gallons) in Marshall County, WV. Brine “wastewater” is not fracking wastewater and does not contain fracking chemicals. It’s naturally-occurring water from deep below the surface that seeps out of drilled [...]
Houston-based Noble Energy, one of the big drillers in the Marcellus Shale, turned a tidy profit of $1 billion in 2012 according to their year-end financial report issued yesterday. That’s double what they earned in 2011 ($453 million). They also report Marcellus Shale production was up 19% in the 4Q12 from 3Q12—to a new high [...]
At the end of an article about EQT, Seeking Alpha blogger and energy analyst Richard Zeits includes a short list of companies who either already belong, or soon will join, the “1 billion cubic feet per day club” of Marcellus Shale gas production. So far only one driller has achieved 1 Bcf/d of Marcellus production [...]
The Motley Fool investing website published a “round-up” type of article yesterday that focuses on the major players (drillers) in the Marcellus Shale, part of a series that looks at major energy plays in the U.S. The article starts off by listing the top 11 companies by the amount of acreage they lease. They are [...]
Hilcorp received a permit last week from the PA Dept. of Environmental Protection (DEP) to drill its 18th Utica Shale well in Lawrence County, PA. Meanwhile, Chesapeake, Noble and R.E. Gas Development received permits last week from the Ohio Dept. of Natural Resources (ODNR) to drill six new shale wells in Carroll and Harrison counties. [...]
Noble Energy, Inc.’s senior management is hosting a conference today in Houston, Texas with analysts and investors to discuss the company’s current operations, future plans and operational outlook. In advance of the conference, Noble issued a preview of what they will talk about. Part of the preview includes an update (an important update) on their [...]
Earnings reports for the third quarter continue to roll out. Yesterday, Noble Energy provided their 3Q12 update. Noble is a large company with operations in a number of countries. Here in the U.S., Noble is actively drilling in the Marcellus Shale in West Virginia. They also have a joint venture in the Marcellus in Pennsylvania. [...]
Interfax Energy’s Natural Gas Daily ran a highly interesting and useful article on the advantages of the Marcellus Shale, why it’s attracting capital investments, along with who is ramping up and who is scaling back drilling in the Marcellus. Among the points made in the article:
Noble Energy is a big driller with operations in many locations, including offshore. They released their second quarter results today. Even though their operations are spread around the world, the Marcellus Shale plays in increasingly important role in Noble’s drilling activities. Noble reports drilling a Marcellus well in the second quarter with a lateral of [...]
MarkWest Energy Partners, a major midstream player in the Marcellus and Utica Shales, just announced major expansion plans that will add an additional 600 million cubic feet per day (mmcf/d) of natural gas processing capacity which includes natural gas liquids (NGLs). Most of the new capacity will come from expansion of its Majorsville, WV plant. [...]
In March 2010, CONSOL Energy (Cecil, PA) paid Dominion Resources $3.5 billion for 500,000 acres of Marcellus Shale gas leases, instantly tripling their lease holdings. Since that time, CONSOL has continued to invest in Marcellus acreage and they now have 750,000 acres under lease. But CONSOL had a problem: Not enough money to develop their [...]
Joint ventures are a common way for oil and gas companies to share risk, expertise and resources. Here is a list of recent deals in the Marcellus shale:
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