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.
Neil Chatterjee says one of his top priorities in his new role as interim chairman of the Federal Energy Regulatory Commission is to ensure coal and nuclear power receive some form of compensation for the "resilience and reliability" benefits they provide to the U.S. power grid.
Another national monument is safe from changes, according to the Trump administration. U.S. Secretary of the Interior Ryan Zinke is recommending no changes be made to 154,000-acre Sand to Snow National Monument east of Los Angeles in Southern California, Kallanish Energy reports.
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.