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Blog

  • Joe Barone, Shale Directories
  • Business Information, Natural Gas Prices
  • August 26, 2016

Why Oil May Have Truly Bottomed

While oil continues to trade in the $40 – $50 range, there are some occurrences which lead to think oil prices could be climbing.
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  • Joe Barone, Shale Directories
  • Business Information
  • August 19, 2016

Shell To Build Pipeline

Shell is making lots of moves now that it has given final approval for the construction of the cracker plant in Beaver County, PA. 
Read More
  • Joe Barone, Shale Directories
  • Business Information
  • August 18, 2016

Pipelines : Where they are and where are they going

In most articles about the slowdown of drilling and the low natural gas price the number one consistent cause is usually: infrastructure – pipeline.  
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  • Joe Barone, Shale Directories
  • Business Information, Fracking
  • August 16, 2016

Anti-Fracking, You’re Anti-Renewables

The article below from Kallanish Energy reports on recent research that shows that solar and wind power desperately needs fossil fuel – NatGas in order to provide dependable solar and wind power. 
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  • Joe Barone, Shale Directories
  • Business Information
  • August 15, 2016

Cabot’s Looking for a Big Boost in Production

Phil Stalnaker fills an important role for Cabot Oil & Gas. Stalnaker, vice president and manager-north region, and his team will help the Houston, Texas-based E&P company determine where to drill next as Cabot prepares to double its natural gas production in the Marcellus Shale in Pennsylvania.
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  • Joe Barone, Shale Directories
  • Business Information
  • August 15, 2016

Pioneer Bullish on Very Long Term Opportunities in the Permian Basin

You’ve probably read or heard that rig counts are increasing especially in the Permian Basin. It’s been the only shale basin that has seen such a big rig count. 
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  • Joe Barone, Shale Directories
  • Business Information
  • August 10, 2016

Let’s Keep Our Energy Costs Cheap

From the computer or other device on which you are reading this to the air conditioner that cools your home and office, natural gas literally fuels the quality of life for most Americans. 
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  • Joe Barone, Shale Directories
  • Business Information
  • August 9, 2016

Good News for the Constitution Pipeline

Below is an article from DOE Report.  As you can see, it looks like the Constitution Pipeline may finally get formal approval. 
Read More
  • Joe Barone, Shale Directories
  • Business Information
  • August 8, 2016

AMERICA’S UNCONVENTIONAL ENERGY OPPORTUNITY

Unconventional gas and oil resources are perhaps the single largest opportunity to improve the trajectory of the U.S. economy, at a time when the prospects for the average American are weaker than we have experienced in generations.
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  • Joe Barone, Shale Directories
  • Business Information
  • August 8, 2016

Shale Insight

America’s energy security was forever changed nearly a decade ago, as domestic shale development positively shifted America’s energy outlook.  As a recent Harvard Business School study concluded, responsible shale development is “perhaps the single largest opportunity to improve the trajectory of the U.S.
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  • Joe Barone, Shale Directories
  • Business Information, W. Virginia Info
  • August 4, 2016

Hurray West Virginia

We certainly applaud West Virginia for taking the lead in the lawsuit challenging the EPA.  It appears that Obama’s last year in office is one where the EPA and other regulatory agencies are trying further choke business development in this country. 
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  • Joe Barone, Shale Directories
  • Business Information
  • July 29, 2016

More M&A Coming in O&G

The article below highlights the M&A activity that we’ve been reporting in our newsletter Facts & Rumors.  The price of oil is $40 which is caused by the glut on the market. 
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  • Joe Barone, Shale Directories
  • Business Information
  • July 28, 2016

Why the PTTGC Cracker Plant is a “GO”

I’m comparing my experience with the Shell cracker plant in Monaca, PA to the PTTGC cracker plant in Shadyside, OH.  As many of you know, Shell made the final “GO” decision on its cracker plant last month, but in our Facts & Rumors newsletter, I reported for about two years all the little things that were happening in around Monaca that pointed to Shell building the cracker plant.
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  • Joe Barone, Shale Directories
  • Business Information, Natural Gas Prices
  • July 25, 2016

Drilling Will Be Picking Up in the Appalachian Basin

We have been hearing for weeks about the rig coming into the Appalachian Basin.  The article below came out late Friday afternoon and SWN is going to double its budget for the remainder of the year. 
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  • Joe Barone, Shale Directories
  • Business Information
  • July 22, 2016

Some NatGas Good News

Positive Rig Moves.    It appears that everyone is starting to hear the same rumors.  This is what people have told us this week: Some people are saying two rigs are coming in. 
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  • Joe Barone, Shale Directories
  • Business Information
  • July 21, 2016

Harold Hamm – Energy Secretary

This is an interesting rumor that Kallanish Reports is reporting.  Harold Hamm has been a big supporter of Trump from the beginning. 
Read More
  • Joe Barone, Shale Directories
  • Business Information
  • July 19, 2016

SHALE INSIGHT 2016

The Moral Case for Fossil Fuels By Alex Epstein Is humanity’s continuing—and expanding—use of fossil fuels a moral choice or an immoral choice?
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  • Joe Barone, Shale Directories
  • Business Information
  • July 18, 2016

$6.7 Billion in Midstream Construction Is Coming from Three Pipelines

The Atlantic Sunrise, Mariner 2 and the PennEast pipelines will probably have final approvals by the end of the year.  All of these pipelines look like they are in the final phase of approvals.
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  • Joe Barone, Shale Directories
  • Business Information
  • July 14, 2016

Bullish NatGas Report from EIA

The outlook for NatGas is certainly improving.  The current heatwave in the country will contribute to that outlook.  With production declining and hot summer, if NatGas storage does not increase over the summer, the NatGas price could be much higher. 
Read More
  • Joe Barone, Shale Directories
  • Business Information
  • July 8, 2016

O&G Industry Needs 100,000 Workers

We have written about the challenge of finding oil and gas workers for the last couple of months.  Here’s an in-depth analysis by Goldman Sachs which further amplifies the challenge the E&P Companies will be facing.
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  • Joe Barone, Shale Directories
  • Business Information
  • July 6, 2016

Is Oil Ready for One Last Drop?

Here’s the latest from Tom DiChristopher at CNBC and a number of industry experts.  They make a case for a drop to $40 per barrel or a little below that. 
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  • Joe Barone, Shale Directories
  • Business Information
  • July 5, 2016

U.S. #1 in Oil Reserves

The US holds more oil reserves than Saudi Arabia and Russia, the first time it has surpassed those held by the world’s biggest exporting nations, according to a new study.
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  • Joe Barone, Shale Directories
  • Business Information
  • July 5, 2016

Cabot will Start Moving Gas in Northeastern PA

Independent producer Cabot Oil & Gas today said it’s signed a 10-year sales agreement to be the exclusive natural gas provider to Invenergy’s Lackawanna Energy Center power plant.
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  • Joe Barone, Shale Directories
  • Business Information
  • July 1, 2016

The Latest News from Midstream Companies

The big news this week is that ETE is walking away from the deal to purchase Williams.  ETE demonstrated the negative tax implications from the deal warranted its terminating the deal. 
Read More
  • Joe Barone, Shale Directories
  • Business Information, Natural Gas Prices
  • June 30, 2016

The Latest on Oil and NatGas

Now that the Brexit fears are waning a little let’s look at what is happening to oil and NatGas prices. Oil which dipped to $46 and change on Friday traded over $50 yesterday before settling in at $49.51. 
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  • Joe Barone, Shale Directories
  • Business Information
  • June 27, 2016

Why Ramping Up May Take a While

Everyone is waiting for drilling to pick up from mountains of Northeastern PA to plains of North Dakota, to Rockies in Colorado and the oil fields in West Texas. 
Read More
  • Joe Barone, Shale Directories
  • Business Information
  • June 27, 2016

DUG EAST 2016 was a reflection of the times; thin and slow..BUT

BUT, there were plenty of good qualified prospects there IF you were actively  working your booth or attentively walking the show.  
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  • Joe Barone, Shale Directories
  • Business Information
  • June 23, 2016

Why Oil Could Reach $60

Below are comments from Alahadal A. Hussein which appeared in the June 22nd issue of OilPro.  I strongly agree with his comments and added a couple of mine which are italicized.
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  • Joe Barone, Shale Directories
  • Business Information, Ohio Info
  • June 21, 2016

Top Producing Wells in Ohio

The Ohio Department of Natural Resources issued its quarterly report on gas production showing the most productive wells since it began reporting on these Utica Wells.
Read More
  • Joe Barone, Shale Directories
  • Business Information, Natural Gas Prices
  • June 17, 2016

Why Oil and NatGas Are Forming New Bottoms

Oil Many of you know that oil is off the highs of last week when it hit $51.  This week it slumped and hit $46. 
Read More
  • Joe Barone, Shale Directories
  • Business Information
  • June 14, 2016

Lancaster County Gives Itself a Black-Eye

I attended the Federal Energy Regulatory Commission (FERC) hearing last night at Manheim Township High School in Lancaster County.  The purpose of the hearings was for FERC to obtain public comments from citizens based on its latest report for the Atlantic Sunrise Pipeline.
Read More
  • Joe Barone, Shale Directories
  • Business Information
  • June 14, 2016

National Fuel (Seneca Resources) to Keep Drilling in the Marcellus.

National Fuel Gas Co. said that it has extended its Marcellus Shale joint development agreement with IOG Capital LP. As part of the extension, the companies have agreed to develop additional Marcellus natural gas assets located in Elk, McKean and Cameron counties in north-central Pennsylvania.
Read More
  • Joe Barone, Shale Directories
  • Business Information, PA Info
  • June 13, 2016

Could McDonnell Be the Next PA Secretary of DEP?

Acting Secretary Patrick McDonnell, a 19-year veteran of the department, took on what observers say is one of the state’s most challenging cabinet positions when he was named to replace John Quigley, who resigned on May 20 after only 16 months in office.
Read More
  • Joe Barone, Shale Directories
  • Business Information
  • June 9, 2016

Downstream derivatives and related products offer potential for additional investments.

The Shell investment could also attract other consumers of ethylene making dozens of different ethylene based derivatives such as vinyl acetate, which Shell does not produce.
Read More
  • Joe Barone, Shale Directories
  • Business Information
  • June 9, 2016

Growing global middle class drives need for more cracker plants.

Where will all the product from the not only the Shell cracker but also the half dozen new crackers on the Gulf Coast go?
Read More
  • Joe Barone, Shale Directories
  • Business Information
  • June 9, 2016

Opening up the Appalachian Basin to additional cracker and downstream plants.

This investment increases the chances for additional ethylene crackers in the region. It validates the two primary reasons for locating in the region.
Read More
  • Joe Barone, Shale Directories
  • Business Information, Fracking
  • June 7, 2016

Shell PA Cracker Plant a GO!

Royal Dutch Shell has given the go ahead for the company’s proposed multi-billion-dollar ethane cracker in Pennsylvania, company CEO Ben van Beurden said Tuesday during Shell’s capital markets day in London, Kallanish Energy reports.
Read More
  • Joe Barone, Shale Directories
  • Business Information
  • June 7, 2016

DUG East 2016 Conference and Exhibition Preview Story

It’s no secret – it’s a challenging time for producers. But innovation and perseverance are as synonymous with this business as oil and gas.
Read More
  • Joe Barone, Shale Directories
  • Business Information, Natural Gas Prices
  • June 6, 2016

Where Do Oil Prices Go From Here

Now that the much heralded OPEC meeting is over everyone wants to know up, down or sideways? As I was watching CNBC when the announcement came that nothing was decided regarding a freeze or individual country freezes. 
Read More
  • Joe Barone, Shale Directories
  • Business Information, Natural Gas Prices
  • June 3, 2016

What caused the nat gas price increase; how does it impact storage?

We watch CNBC everyday looking for updates (actually good news) on the price of oil and nat gas.  It was a real surprise that nat gas jumped to 2.43 at one point on Tuesday.  
Read More
  • Joe Barone, Shale Directories
  • Business Information
  • May 27, 2016

ETE Wants to Bail on Williams Deal

In the latest move in the deal/non-deal between pipeline giants Energy Transfer Equity (ETE) and Williams, ETE is seeking the right to exit its-now roughly $17 billion deal to buy Williams – and collect a $1.48 billion breakup fee because its quarry breached the merger terms.
Read More
  • Joe Barone, Shale Directories
  • Business Information, Natural Gas Prices
  • May 25, 2016

More information Supporting Current Oil Price

Oil is getting ever closer to $50.  Many analysts think $50 is baked in.  Here are some of the reasons why $50 looks like a sure thing.
Read More
  • Joe Barone, Shale Directories
  • Business Information
  • May 25, 2016

Where’s there white trucks there’s activity……maybe drilling?!

In the past six to eight weeks I’ve been asked by residents in Lycoming  County ‘ you noticing  more white trucks driving around?’
Read More
  • Joe Barone, Shale Directories
  • Business Information
  • May 24, 2016

Why Oil Prices Will Not Be Declining

I have seen the price trade in tight range the last week or two moving between $46 and $48.  This could be a new plateau from which the price of oil could rise. 
Read More
  • Joe Barone, Shale Directories
  • Business Information
  • May 20, 2016

McClendons American Energy Partners Shutting Down

I guess it was inevitable that American Energy Partners would close.  It’s good to see that the companies that were part of American Energy Partners will continue to operate under their own separate management.
Read More
  • Joe Barone, Shale Directories
  • Business Information
  • May 20, 2016

Are We Seeing the Early Hints of Recovery in Drilling?

When I look at the news coming out of the industry, it sure feels that we could see a pick up drilling. 
Read More
  • Joe Barone, Shale Directories
  • Business Information
  • May 18, 2016

Panda Patriot

That was how one piece of equipment for the electric natural gas fired Panda Patriot arrived in Montgomery, PA.  While the vast majority of parts were manufactured here in the US, the largest turbine was shipped from Germany.
Read More
  • Joe Barone, Shale Directories
  • Business Information
  • May 17, 2016

Thoughts on Two Developments – Range Deal and the Price of Oil

The Range Deal With the Range’s planned purchase of Memorial Resource Development, one has to wonder if the deal will cause Range to shift some of its attention away from the Appalachian Basin to a section in Louisiana called the “Cotton Valley.”
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  • Joe Barone, Shale Directories
  • Business Information
  • May 16, 2016

Range Resources Buy Memorial Resource Development

Range Resources is buying fellow oil and gas producer Memorial Resource Development for $3.3 billion plus $1.1 billion of debt, expanding operations in the Appalachian Basin and U.S.
Read More
  • Joe Barone, Shale Directories
  • Business Information, Natural Gas Prices
  • May 12, 2016

Natural Gas Prices Firming Up

There is an Interesting trend in Europe, as reported in a variety of news outlets. Natural Gas immediate future prices have jumped by more than 30% in a week.
Read More
  • Joe Barone, Shale Directories
  • Business Information
  • May 10, 2016

Is the Bottom in on NatGas in the Appalachian Basin?

A couple of weeks ago in our newsletter we had story about EQT making a call that the NatGas price in the Appalachian could have bottomed. 
Read More
  • Joe Barone, Shale Directories
  • Business Information
  • May 10, 2016

Where Will We Find the Workers?

This is a question a number of E&P Companies are asking themselves.  While this downturn has caused many oil and gas industry pros to turn to other industries, many senior managers are wondering what it will take to convince these workers to return.
Read More
  • Joe Barone, Shale Directories
  • Business Information
  • May 9, 2016

CO2 Emissions Continue to Fall

U.S. carbon dioxide (CO2) emissions in 2015 were 12% lower than 2005 levels, primarily due to the country’s power sector exiting coal as fuel and moving to natural gas and renewables, the Energy Information Administration reports.
Read More
  • Joe Barone, Shale Directories
  • Business Information
  • April 29, 2016

The Best Expo in the Appalachian Basin

This is the comment that was heard from a number of exhibitors at the Ohio Valley Oil & Gas Expo held this past Tuesday evening and Wednesday. 
Read More
  • Joe Barone, Shale Directories
  • Business Information
  • April 28, 2016

Baker Hughes Reports Bad Quarter But ….

Oilfield services firm Baker Hughes, currently mired in a highly contested merger with larger rival Halliburton, on Wednesday reported a $981 million net loss for the second quarter.
Read More
  • Joe Barone, Shale Directories
  • Business Information, PA Info
  • April 25, 2016

PA regulatory review panel OKs update to state drilling rules

Pennsylvania’s Independent Regulatory Review Commission approved an update to the state’s oil and gas drilling rules Thursday, voting 3-2 on changes proposed by the state Department of Environmental Protection (DEP) are in the public interest.
Read More
  • Joe Barone, Shale Directories
  • Business Information
  • April 22, 2016

Upstream PA 2016 Seminar Highlights

This past Tuesday there was the annual Upstream PA Seminar.  Dave Spigelmyer, President, Marcellus Shale Coalition, was one of the featured speakers. 
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  • Joe Barone, Shale Directories
  • Business Information
  • April 19, 2016

Utica North Could Be Big

JKLM has drilled and is producing the 1st ever Utica Well in Potter County, PA.  January results were 9.2 mmcf / day for 24 days, Feb production was 9.8 mmcf / day for 29 days. 
Read More
  • Joe Barone, Shale Directories
  • Business Information
  • April 18, 2016

The Halliburton – Baker Hughes Deal May Happen

The Halliburton – Baker Hughes deal has experienced a number of delays and setbacks since the deal was announced in November 2014. 
Read More
  • Joe Barone, Shale Directories
  • Business Information
  • April 13, 2016

Chesapeake Secures Financing Through June 2017

Chesapeake Energy said Monday its banking syndicate reaffirmed the independent producer’s senior secured revolving credit facility’s $4 billion borrowing base, Kallanish Energy learns.
Read More

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