GLG News by Shallow Drilling Experts

Clifford Krauss reported in the August 30 issue of the New York Times that drivers in Utah pay the equivalent of 87 cents/gallon for transportation fuel. Utah is the first state in the U.S. with broad consumer interest in compressed natural gas (CNG) cars but Oklahoma is catching up. Drivers search...

Anna Driver (Reuters) reported in the August 28 issue of the International Herald Tribune that concerns about a potential over supply of natural gas in the U.S. may limit investor interest in the independent natural gas exploration and production companies. Production is growing at double-digit rates...

Senior Correspondent Eric Watkins reported in the August 25 issue of the Oil & Gas Journal that the presalt oil fields in the deep water of Brazil are likely to be contiguous. Eduardo Molinari of Petrobras announced that recent seismic studies in the Tupi discovery area of 2007 indicate that the...

Rob Gilles with the Associated Press in Fort McMurray, Alberta reported in the August 26 issue of the International Herald Tribune that Shell is rapidly expanding oil sand production from Muskeg river open pit mines in the Athabasca region of Alberta. They are joined by ExxonMobil, Chevron, Imperial...

Clifford Krauss in Houston reported in the August 23-24 issue of the International Herald Tribune that U.S. natural gas production is rising faster than it has in decades. It reverses conventional thinking about the irreversible decline of domestic gas fields. New drilling technology allows commercial...

David Jolly in Paris reported in the August 23-24 issue of the International Herald Tribune that Europe, seeing American exploitation of shale gas, has now begun a similar search. The first chore is to determine how much gas could be available. Many of the same type of North American shale formations...

Drilling Editor Nina M. Rach reported in the August 18 issue of the Oil & Gas Journal that Shell Rocky Mountain Production Company is optimizing Pinedale field wells. Production will be increased and surface disturbances will be reduced. Shell will drill more than 90 wells this year. The 35 mile...

Jad Mouawad in New York reported in the August 19 issue of the International Herald Tribune that all seven of the major oil companies were producing less oil than before. Politics plays a part. The terms of foreign concessions in Asia and South America have become more onerous with more oil to the state...

John Westwood of Douglas-Westwood in Canterbury U.K. reported in the August 4 issue of the Oil & Gas Journal that Europe remains one of the largest offshore producing regions. But declining production and high costs have forced the oil majors to leave. Smaller operators now salvage what oil is left...

Senior Correspondent Eric Watkins, reported in the August 11 issue of the Oil & Gas Journal that benchmark tanker rates from the Persian Gulf to Japan fell to 7-month lows last week. The cause was ample availability of very large crude carriers. Even so, Japanese leaders are taking no chances on...