The Utica is starting to blow up. The last I checked, the rig count was below 50 but with Aubrey McClendon's new company, American Energy Group, looks like they are going all in on the Utica. Other companies appear to be planning for large operations in the area such as Eclipse and Hess. The Utica, along with the Niobrara, could be the next wave in oil investment booms in the US.
 |
| http://www.eia.gov/todayinenergy/detail.cfm?id=17511 |
Also, Siemens, the German rival/equivalent of General Electric, has agreed to purchase US pumping specialist Dresser-Rand. The move should give the German company a foot in the door in the US onshore shale boom. This is perhaps both a politically and technologically strategic move. It gives Germany room to operate away from Russian gas in the future, may allow Germany to reduce its dependence on coal, and open the Germany economy to modern oil and gas technology.
No comments:
Post a Comment