While the play’s potential is undetermined, evidence indicates Oklahoma’s STACK play is delivering impressive results, with operators committing more than $2.5 billion in 2017 capital to its development, according to new analysis from IHS Markit.
The U.S. Department of the Interior on Wednesday reported that the latest Gulf of Mexico lease sale generated $121 million in high bids for 90 tracts covering 508,096 acres, Kallanish Energy reports.
National Fuel Gas has announced two management changes, Kallanish Energy reports. Michael Kasprzak has been promoted to vice president of National Fuel Gas Midstream and Jeffery Kittka has been named vice president of National Fuel Gas Supply.
The growth of global demand for petroleum products will decelerate “significantly” by 2022, as changes in vehicle fleet affect gasoline and diesel demand, Kallanish Energy learns from U.S. consultancy firm ESAI Energy.
British independent oil and gas explorer Cuadrilla started drilling on Thursday the country’s first horizontal shale gas exploration well, in the Preston New Road site, northwest England, Kallanish Energy reports.