The cost involved in drilling a well in the Eagle Ford shale has soared from approximately $5.3 million to as much as $10 million, according to an expert in exploration and production.

For the week ending October 7, the number of U.S. rigs used for drilling related to natural gas and crude oil increased surpassed 2,000 for the first time since the week ending September 19, 2008.

Calgary-based junior exploration and production company Cequence Energy Ltd. (CQE:TSX) reported cash flow per share (CFPS) of C$0.07 for 3Q11 and production of 9,745 barrels of oil equivalent per day.

Pennsylvania Governor Tom Corbett intends to both stimulate the state’s economy and preserve the state's environment, he announced in implementing several suggestions advocated by the Marcellus Shale Advisory Commission.

Activity related to the Tyler Formation is spilling from North Dakota to South Dakota, amid industry speculation that the play could contain significant crude reserves.

Louisiana - the capital of voodoo in the U.S. - has an aura of mystery to it, but fracking companies in the Pelican State can't have any mysteries in their hydraulic fracturing fluid.

Canadian brokerage firm Canaccord Genuity announced on October 6 that it was reiterating its BUY recommendation and and target share price of C$2.75 for junior oil and gas company Compass Petroleum Ltd. (CPO:TSXV).

Penn West (PWT:TSX) recently held its analyst day in Calgary, but research firm Macquarie Equities Research's Outperform rating and target share price for the company were unaffected by the event.