More Unconventional News

Apache farms into onshore Canning basin

Nov 4, 2013

Apache Energy has signed a binding agreement with Buru Energy Ltd. and Mitsubishi for Apache to farm into the latter two companies’ onshore Canning basin acreage in northwest Western Australia.

Protest events seen as 'new normal' for Keystone XL opponents

Nov 4, 2013

Proponents of the proposed Keystone XL crude oil pipeline said opponents' increasingly frequent protest events represent a "new normal" in efforts to keep the pipeline from Alberta's oil sands to US Gulf Coast refineries from being built.

TGP upgrade boosts Marcellus gas transport

Nov 1, 2013

Tennessee Gas Pipeline Co., a subsidiary of Kinder Morgan Energy Partners LP, on Nov. 1 placed in service the fully subscribed Northeast Upgrade Project (NEUP), boosting capacity on its 300 Line system in Pennsylvania and New Jersey by 636 MMcfd of natural gas and providing additional takeaway capacity from the Marcellus shale area.

Fort Hills partners okay oil sands project

Oct 31, 2013

Partners in the Fort Hills oil sands mine have approved development leading to production of as much as 180,000 b/d of bitumen.

Colorado: Nighthawk farms out unconventional play

Oct 31, 2013

Nighthawk Energy PLC has farmed out 4,572 acres of its 100% owned Jolly Ranch project in Lincoln County, Colo., in the Denver basin to an undisclosed Denver farmee.

Pioneer to sell Alaska subsidiary for $550 million

Oct 25, 2013

Dallas-based independent Pioneer Natural Resources Co. has agreed to sell its equity in subsidiary Natural Resources Alaska Inc. to privately held Caelus Energy Alaska LLC, Dallas, for $550 million.

Chevron finishes initial exploration in Alberta Duvernay shale play

Oct 25, 2013

Chevron Corp. reported the successful conclusion of the initial 12-well exploration drilling program by its subsidiary, Chevron Canada Ltd., in the Kaybob area of the liquids-rich portion of the Duvernay shale play in west-central Alberta.

Foreign oil, gas investment strong in Canada

Oct 24, 2013

Foreign investment in Canadian oil and gas, a topic that raised governmental concern when CNOOC Ltd. of China last year announced plans to acquire Nexen Inc. of Calgary for $15.1 billion, has averaged $20 billion/year since 2007, reports the Canadian Energy Research Institute (CERI).

Suncor resumes Canadian oil sands operations

Oct 22, 2013

Suncor Energy Inc. has resumed normal operations at its oil sands and in situ facilities after slowing them on Oct. 17 following a third-party supplier disruption of natural gas affecting the Wood Buffalo region of northeast Alberta, the company reported late on Oct. 18.

Marcellus Shale Coalition names new president

Oct 22, 2013

The Marcellus Shale Coalition has named David Spigelmyer as the organization’s president.

National Fuel touts Marcellus, Utica completions

Oct 22, 2013

National Fuel Gas Co., a subsidiary of Seneca Resources Corp., Williamsville, NY, said it produced 120.7 bcf of gas equivalent in the fiscal year ended Sept. 30, 45% more than the previous fiscal year, and that its proved gas and oil reserves are up 24% to a record 1,549 bcf of gas equivalent.

Sunshine, Renergy finalize Muskwa-Godin oil sands pact

Oct 22, 2013

Sunshine Oilsands Ltd., Calgary, has signed the previously announced joint operating agreement with Renergy Petroleum (Canada) Co. Ltd., an affiliate of Changjiang Investment Group Co. Ltd. of Hong Kong, with respect to Sunshine’s Muskwa and Godin area leases in Alberta’s Athabasca oil sands area.

Noble, Anadarko exchange DJ basin acreage

Oct 21, 2013

Houston independents Noble Energy Inc. and Anadarko Petroleum Corp. have closed on an acreage exchange in the greater Wattenberg area of northern Colorado, with each party contributing 50,000 net acres.

Two layers of cost

Oct 21, 2013

Americans curious about the costs of misguided energy policy should watch Europe, where governments aggressively promote energy from the sun, wind, and biomaterial.

Devon, Crosstex Energy to merge midstream assets

Oct 21, 2013

Devon Energy Corp., Oklahoma City, and Dallas-based Crosstex Energy LP reported Oct. 21 the signing of a definitive agreement to combine substantially all of Devon’s US midstream assets with those of Crosstex to form a new midstream business.

Ultra to buy Uinta basin oil producing properties

Oct 21, 2013

Ultra Petroleum Corp., Houston, will acquire oil producing properties in Utah’s Uinta basin that Ultra said will provide “exceptional returns at oil prices well below $75/bbl.”

Canadian Natural Resources advances Horizon Oil Sands project

Oct 18, 2013

Canadian Natural Resources Ltd. said it completed several milestones at its Horizon Oil Sands project in northern Alberta in the third quarter, en route to production of 250,000 b/d of synthetic crude oil by 2017.

Contact hails Kakwa Montney tight gas-liquids well results

Oct 16, 2013

Contact Exploration Inc., Calgary, said completion of its fourth operated horizontal Middle Montney formation tight gas-liquids well extends the scope and magnitude of the company’s East Kakwa project in Alberta.

PIRA: Shale production growth makes US largest liquids producer

Oct 16, 2013

US total oil supply is expected to average 12.1 million b/d this year, making it the world’s largest oil producer, PIRA Energy Group, an energy markets consulting firm in New York, reported. PIRA counts oil supply as all liquids, including condensates.

PostRock to acquire central Oklahoma properties

Oct 15, 2013

PostRock Energy Corp., Oklahoma City, will acquire 22,000 net acres of leasehold in central Oklahoma that has current oil production and more than 10 million bbl of oil equivalent of potential in multiple reservoirs including the Woodford shale.

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