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Unconventional Resources 2012 P4

  • 05/16/2012 -- Two firms connect to pursue Indonesia CBM
    CBM Asia Development Corp., Vancouver, BC, and Continental Energy Corp., Jakarta, formed a joint study and bid group to investigate coalbed methane opportunities in Indonesia.
  • 05/09/2012 -- Marathon to buy private Eagle Ford producer
    Marathon Oil Corp. will buy Eagle Ford shale play participant Paloma Partners II LLC, Houston, for $750 million, Paloma Partners said.
  • 05/03/2012 -- Ultra further cuts spending, boosts production
    The board of Ultra Petroleum Corp., Houston, has approved a further $100 million reduction in the previously approved $925 million capital budget for 2012 in light of continued deterioration in natural gas prices, but the company still expects its production to increase on the year.
  • 04/20/2012 -- Uinta due $200 million oil shale joint venture
    French, Canadian, and private US companies are set to launch a $200 million joint venture to develop oil shale in the Uinta basin of Utah.
  • 04/16/2012 -- Denbury updates EOR floods, Bakken production
    Denbury Resources Inc., Plano, Tex., estimated its production in the quarter ended Mar. 31 to have been 71,532 b/d of oil equivalent, 93% oil and an 8% increase from the quarter ended Dec. 31, 2011.
  • 04/12/2012 -- Kalimantan exports CBM as LNG, tests more wells
    Newton Energy Capital Ltd. has completed its first coalbed methane exploratory test well on the Kutai West CBM PSC area in East Kalimantan, Indonesia, said CBM Asia Development Corp., Vancouver, BC, which has an 18% interest in the PSC.
  • 04/03/2012 -- Wyoming: NDB Energy to pursue Niobrara play
    NDB Energy Inc., Houston, completed the acquisition of private Armada Oil Inc., which has interests in the Niobrara play in southern Wyoming’s Laramie and Hanna basins.
  • 04/02/2012 -- Chevron Phillips to build 1-hexene plant
    Chevron Phillips Chemical Co. LP will build the world’s largest on-purpose 1-hexene plant at its Cedar Bayou Chemical Complex in Baytown, Tex., using proprietary technology.
  • 03/28/2012 -- Colorado: BLM asks comment on Gunnison draft EA
    The US Bureau of Land Management’s Uncompahgre field office in Montrose, Colo., released a draft environmental assessment on a master development plan for a proposed natural gas exploration project in northwestern Gunnison County, Colo., north of the Paonia Reservoir State Park on Mar. 23.
  • 03/28/2012 -- Ultra eyes Niobrara in southern Denver basin
    Ultra Petroleum Corp., Houston, whose major assets produce natural gas in the Green River basin and Pennsylvania Marcellus, is making a play for liquids in the Niobrara formation in Colorado in the southern Denver-Julesburg basin.
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