Stabilis Energy, the closely held company proposing to build five liquefied natural gas facilities with Koch Industries Inc., agreed to buy most of Encana Corp.’s U.S. LNG business for an undisclosed amount.
Rigs targeting natural gas in the U.S. dropped to the lowest level in 21 years this week as producers pulled equipment from plays across the U.S. and ramped up drilling in the oil-rich Permian Basin of Texas.
Argent Energy Trust, a Calgary- based producer of oil in Texas, fell to a record low after cutting payments to investors as Canadian foreign-asset income trusts lag energy-industry peers and come under scrutiny.
Net oil imports to the U.S. could fall to zero by 2037 because of robust production in areas including North Dakota’s Bakken field and Texas’s Eagle Ford formation, according to a government projection released today.
An icy rain is pelting about 30 protesters who’ve converged at the gate of a natural gas drilling site near Manchester, England. On the other side of a fence topped with razor wire, a 10-story-high rig is boring into shale to determine if it’s suitable for hydraulic fracturing, or fracking. The demonstrators unfurl a banner: “Fracking will poison our children.”