SPONSORED BY

Drilling Down: Penn State, Commonwealth Build Seismic Monitoring Network | May 19, 2016

Penn State, Commonwealth Build Seismic Monitoring Network

UNIVERSITY PARK, Pa. — Researchers at Penn State are closing in on the completion of a statewide network that monitors seismic activity. Expected to be completed this summer, the network, which is a collaboration between Penn State’s Department of Geosciences, the Pennsylvania Department of Conservation and Natural Resources, and the Pennsylvania Department of Environmental Protection, […]

Drilling Down: Utica Production Forecasts Better than Other Plays | May 17, 2016

Utica Production Forecasts Better than Other Plays

YOUNGSTOWN, Ohio – Shale oil production during the month of June is forecast to total 4.85 million barrels per day (bpd) nationwide, a drop of 113,000 from May’s forecast, the U.S. Energy Information Administration reports. In April, total production reached 4.95 million barrels per day. The agency issued its monthly drilling productivity report Monday that […]

Drilling Down: Range Expands in Louisiana with $4.4B Acquisition | May 16, 2016

Range Expands in Louisiana with $4.4B Acquisition

FORT WORTH, Texas – Range Resources, a major oil and natural gas driller in the Appalachian region, will pay $3.3 billion to acquire Memorial Resource Development Corp. of Houston, the companies announced the morning. The all-stock transaction includes Range assuming $1.1 million in MRD’s net debt. Range has approximately 1 million net acres across Pennsylvania, […]