More Oil & Gas Exploration and Development News

Eni, Quicksilver drill joint Bone Springs well

Oct 16, 2014

Eni SPA and Quicksilver Resources Inc. have unveiled the results of the first horizontal well drilled under a West Texas joint exploration agreement.

Wolfcamp spending to surpass $12 billion

Oct 16, 2014

Capital spending in the Wolfcamp tight oil formation is on track to exceed $12 billion in 2014-making the play the second highest area of investment among US unconventional plays, according to analysis by Wood Mackenzie.

Nova Scotia prepares to extend fracing ban

Oct 16, 2014

The government of Nova Scotia plans to introduce legislation this fall that would prohibit high-volume hydraulic fracturing.

SM raises initial production rates in the Eagle Ford shale

Oct 16, 2014

An improved completion design that utilizes longer laterals and increased sand loadings is raising initial production (IP) rates for SM Energy Corp's Eagle Ford shale wells in Webb County, Tex.

Denton fracing ban heads for Nov. ballot

Oct 16, 2014

The city council of Denton, Tex., has rejected a petition for a hydraulic fracturing ban, sending the proposal to a public ballot in November.

BOEM proposes central Gulf of Mexico Lease Sale 235

Oct 16, 2014

The US Bureau of Ocean Energy Management (BOEM) has proposed Gulf of Mexico central planning area Lease Sale 235 for March 2015 in New Orleans. BOEM will make available 7,477 tracts covering 43.5 million acres offshore Louisiana, Mississippi, and Alabama.

SOCO to test Lidongo X Marine 101 well offshore Congo (Brazzaville)

Oct 16, 2014

SOCO EPC will test a 20-m interval of tight sandstone in which it has encountered oil in an exploratory well on the Marine XI Block offshore Congo (Brazzaville).

API, other groups see overreach in ESA critical habitat proposals

Oct 16, 2014

Federal proposals to amend portions of the Endangered Species Act would significantly reshape and further complicate the law’s critical habitat process, and unjustifiably expand two federal services’ authority to make such designations, the American Petroleum Institute and five other oil and gas industry associations said.

Mountaineer Keystone adds Marcellus assets

Oct 15, 2014

Mountaineer Keystone Energy LLC, Pittsburgh, has completed the acquisition of equity interests in PDC Mountaineer LLC, a 50-50 joint venture PDC Energy Inc. and Lime Rock Partners LLC with interests in the Marcellus shale, for a total of $500 million.

DPE makes deep gas discovery offshore Dubai

Oct 14, 2014

Dubai Petroleum Establishment (DPE) reported that its T-02 deep gas exploration well has identified largely natural gas with no hydrogen sulfide content in the Pre Khuff formation in the Fateh field offshore Dubai. Drilled to 18,248 ft, T-02 is the deepest well in Dubai to date, DPE said.

BLM Rock Springs office seeks comments on proposed gas project

Oct 14, 2014

The US Bureau of Land Management’s Rock Springs field office is seeking public comments on a proposal to develop up to 17 natural gas wells on as many as 5 well pads about 35 miles northwest of Baggs, Wyo., in Sweetwater County.

Woodside farms into offshore Cameroon block

Oct 14, 2014

Woodside Petroleum Ltd., Perth, has farmed into the Tilapia production-sharing contract offshore Cameroon under an agreement with Glencore and Noble Energy Inc.

Statoil makes another gas discovery off Tanzania

Oct 14, 2014

Statoil ASA reported its seventh discovery on Block 2 offshore Tanzania, with the Giligiliani-1 finding 1.2 tcf of gas in place.

Lundin makes oil, gas find with Alta well in Barents Sea

Oct 14, 2014

Lundin Norway AS has discovered oil and natural gas with the Alta exploratory well in the southern Barents Sea, according to the company and the Norwegian Petroleum Directorate.

Daybreak advances Kentucky, California operations

Oct 13, 2014

Daybreak Oil & Gas Inc., Spokane, Wash., has advanced its operations in Kentucky and California.

Market Connection

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