More Oil & Gas News

Survey examines Marcellus hiring trends

Marcellus shale companies expect to hire more than 2,000 new employees in 2014, according to a workforce survey released by the Marcellus Shale Coalition (MSC).

AGA will initiate nationwide peer safety, operations reviews

The American Gas Association’s board of directors approved creation of a nationwide peer safety and operations review program beginning in 2015. It will let the more than 200 local distribution companies in AGA observe their peers, share leading practices, and identify opportunities to better serve customers and communities, the trade association said.

Shell expands leasehold position in Marcellus, Utica

Royal Dutch Shell PLC has signed two separate deals that will enable it to exit its positions in the Haynesville shale and Pinedale field in exchange for $2.1 billion in cash and additional acreage in the Utica and Marcellus shales in Pennsylvania.

More-efficient rigs, better completions propel Marcellus production above 15 bcfd

Improvements in drilling and completion techniques, along with additions of regional pipeline and processing capacity, are expected to propel Marcellus shale production even higher in coming years.

Pioneer exits Barnett, to focus on Permian

Pioneer Natural Resources Co., Irving, Tex., has agreed to sell all of its Barnett shale assets in North Texas to an undisclosed private company for $155 million.

Momentum shifts in favor of development in Colorado

-Momentum appears to be shifting in the oil and gas industry's favor in Colorado after Gov. John Hickenloooper brokered a compromise that keeps off the November ballot two initiatives that were poised to place greater restrictions on development, and legal and political setbacks befell separate local measures that sought to restrict or ban hydraulic fracturing.

BOEM proposes central Gulf of Mexico Lease Sale 235

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.

Southwestern Energy to acquire Marcellus, Utica assets for $5.375 billion

Southwestern Energy Co., Houston, has agreed to acquire assets in the southern Marcellus shale and a portion of the eastern Utica shale in West Virginia from Chesapeake Energy Corp., Oklahoma City, for 5.375 billion.

MARKET WATCH: NYMEX crude oil price stabilizes awaiting inventory report

Crude oil prices fell only slightly on the New York market Oct. 15 after plunging the previous day. Brent crude oil prices fell by more than $1/bbl on Oct. 15, and the average for the Organization of Petroleum Exporting Countries basket dropped more than $3/bbl.

API, other groups see overreach in ESA critical habitat proposals

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.

PNR head urges DOC to issue condensate export permits to others

The head of an independent oil and gas company that in late June received one of the first two federal approvals to export condensate urged the US Department of Commerce to begin issuing similar permits to other applicants.

AMP acquires Costar Midstream for $470 million

American Midstream Partners LP (AMP), Denver, has acquired Costar Midstream LLC from Energy Spectrum Partners VI LP and Costar management for $470 million. The deal closed Oct. 14.

Mountaineer Keystone adds Marcellus assets

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.

Russia likely to remain important European gas supplier, report says

Europe’s natural gas supply mix likely won’t change much without drastic policy interventions despite recent renewed concern over instability in Ukraine, a new Brookings Institution policy brief concluded. This effectively will ensure a continuing significant market share for Russia, it said.

Statoil’s Lund to join BG Group as chief executive officer

BG Group has appointed Helge Lund as chief executive officer and as an executive director, effective Mar. 2, 2015. Lund has served as president and CEO of Statoil ASA since 2004.

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Growing company is currently seeking qualified candidates for IMMEDIATE OPENINGS

Large Capacity Natural Gas Pipeline located in South Texas Eagle Ford Shale Area. Growing company is currently seeking qualified candidates for IMM...
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