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Drillers cut natural gas production as prices drop to about $2.50

PITTSBURGH - As natural gas prices continue to drop, the recent nationwide boom in drilling is slowing. Drillers don't make money if prices go too low - and drilling wells isn't cheap."It is safe to say that there will be fewer natural...
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Shell's $70 billion takeover could herald wave of mergers

...they wrote in a research note.Exxon made the last giant oil and gas acquisition when it agreed to buy the U.S. shale driller XTO Energy for $31 billion in 2009.The takeover of BG Group allows Shell to replace reserves at a time when exploration...
Oil council: Shale won't last, Arctic drilling needed now make the Arctic waters off of Alaska more accessible to drillers comes just as Royal Dutch Shell is poised to restart its troubled...regular sales of drilling rights, extending the amount of time drillers are allowed to work each year, and doing more scientific studies...
Empire Editorial: Advance, but cautiously, in Arctic drilling

...decade between discovery and production down the trans-Alaska pipeline.Exploration can be done with minimal risk, allowing drillers to practice tools and techniques that will be needed for production wells.Just as the world needs oil, so does Alaska...
Geothermal wells to save energy

After weeks, or even months of preparation, Alaska well driller Tim Hlavnicka sank his first well Friday and hit nothing but gravel. He was thrilled.Hlavnicka's company, Aquasource, was...
Doyon, partners launch exploratory gas well

FAIRBANKS - Drillers punching 11,000 feet beneath Nenana...discouraging," Mery said of progress so far. Drillers pulled the pipe Friday to conduct a mandatory...that's quiet and dark," the burly driller said. He pointed out drill bits with...
Photo: Soil sampling

...Public Facilities, collects a core sample that was drilled near the Brotherhood Bridge and the MendenhallRiver. DOT&PF drillers Ron Wagseer, left, and Jason Love drill for another sample. The crew will be drilling in the area for a couple weeks to...
ND passes Alaska to become nation's No. 2 oil producer

...second-leading oil-producing state in the nation, trailing only Texas, state officials said Tuesday.North Dakota oil drillers pumped 17.8 million barrels in March, with a daily average of 575,490 barrels, Assistant State Mineral Resources Director...
Letter: We can't drill our way out of climate change

...mostly coming from decaying plant matter near the earth's surface, not from the large, underground gas reservoirs that drillers target. For example, huge quantities of methane are coming from permafrost that is thawing due to human-caused climate...
For traders, oil's plunge takes a toll on egos and accounts

...what drivers pay for gasoline, airlines pay for jet fuel and truckers pay for diesel.Futures used to be traded mostly by drillers, refiners and others in the oil business looking to lock in prices for crude that they needed to sell or buy in future months...


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