So, it turns out The Wall Street Journal doesn’t have a section in their fine publication devoted to coated components. But here’s the thing – what we do, what you do, it’s a BIG deal. So we’re not going to quit our day jobs, but we monitor what’s going on and post it here on our site. Make sure to bookmark this page, visit often and tell your friends. This is your hub for news and updates for the industry.
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A recent study has shown that Ohios major shale play can remain profitable even at lower prices. While rigs have been cut by 16% in the play, the results from those wells continue to improve. Utica Shale profitable at $3/Mcf gas, RBC analysis finds By: Bill Holland (SNL) Recent well results and fourth-quarter production reports out of Ohio indicate that the Utica Shale is profitable with natural gas prices in the neighborhood of $3/Mcf, RBC Capital Markets LLC said in a research report March 5. While activity in the shale has slowed with a 16% cut in rigs working the play, well results continue to improve, RBC said, particularly those of smaller drillers such as Antero Resources Corp., Gulfport Energy Corp. and Aubrey McClendons privately held American Energy Partners LP. Anteros liquids-rich wells were again quite impressive, with 16 new wells averaging 2,284 [barrels of oil equivalent per day] (6% oil), RBC analysts led by Leo Mariani wrote after reading the latest fourth-quarter