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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. What’s interesting about the price of oil at this level is that it has not declined even as oil production from Canada Continue reading The post Why Oil Prices Will Not Be Declining appeared first on Shale Directories.
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. American Energy Partners, the independent producer founded in 2013 by Chesapeake Energy co-founder Aubrey McClendon, is closing, the company’s leadership team Continue reading The post McClendons American Energy Partners Shutting Down appeared first on Shale Directories.
When I look at the news coming out of the industry, it sure feels that we could see a pick up drilling. But we’ll only know that when we see Baker Hughes’ rig count tick up. Here are some of the interesting occurrences: There has been an increase in the number of companies declaring bankruptcies Continue reading The post Are We Seeing the Early Hints of Recovery in Drilling? appeared first on Shale Directories.
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. It arrived in NC via barge and delivered to a port in Albany, NY. There the turbine Continue reading The post Panda Patriot appeared first on Shale Directories.
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.” Range and other operators in the Appalachian Basin are facing challenges to many Continue reading The post Thoughts on Two Developments – Range Deal and the Price of Oil appeared first on Shale Directories.