More Unconventional News

American Energy’s Utica, Marcellus units to merge

Jan 8, 2015

American Energy–Utica LLC (AEU) and American Energy–Marcellus LLC (AEM), both affiliates of American Energy Partners LP (AELP), will merge in an all-stock transaction. 

Moniz: Low crude prices unlikely to change US energy policies

Jan 8, 2015

Crude oil prices below $50/bbl could force some producers to reduce capital expenditures if they go on for long, but are not likely to change US energy policies, according to US Sec. of Energy Ernest G. Moniz.

Athabasca Oil promotes Broen to president

Jan 8, 2015

Athabasca Oil Corp., Calgary, has promoted Rob Broen to president. Broen has been chief operating officer and retains that title. Tom Buchanan continues as chief executive officer and chairman.

BHI: US rig count drops 109 units in last month

Jan 5, 2015

Again led by losses in Texas and California, the US drilling rig count dropped 29 units to settle at 1,811 units working during the week ended Jan. 2, Baker Hughes Inc. reported.

Oil-price plunge raises questions about unconventional plays

Jan 5, 2015

An oil-price plunge that began in the second half of 2014 and continues into 2015 raises questions about production from unconventional resources in the US.

North Dakota producers face new vapor pressure standards

Jan 5, 2015

North Dakota has approved new rail transportation safety standards for crude oil that stipulate operating standards for oil-conditioning equipment at the well to separate production fluids into gas and liquid.

New York state moves to ban hydraulic fracturing

Jan 5, 2015

High-volume hydraulic fracturing will be banned in New York state, Gov. Andrew Cuomo's administration announced Dec. 17, citing health risks and concerns about possible contamination of air and water. The state for years has had a temporary moratorium on fracing in the Marcellus shale.

Severance tax would backfire, Pennsylvania association leaders warn

Jan 5, 2015

Enacting a severance tax aimed at Pennsylvania's unconventional natural gas activity would substantially harm the commonwealth beyond the industry itself, three oil and gas trade association officials warned.

American Eagle suspends oil drilling in Bakken for 2015

Jan 2, 2015

American Eagle Energy Corp., Denver, has suspended its 2015 drilling budget and does not anticipate resuming drilling operations until crude oil prices improve.

Firefighters extinguishing fire to Bakken storage tanks in Alexander, ND

Jan 2, 2015

Firefighters used a foam truck on Jan. 2 in efforts to extinguish a fire to eight storage tanks at a truck unloading station in Alexander, ND, an Enbridge spokesman told OGJ’s Unconventional Oil & Gas Report. The first was expected to be extinguished on Jan. 2.

Southwestern agrees to second Marcellus acquisition this month

Dec 23, 2014

Southwestern Energy Co., Houston, has agreed to acquire 20% of the Marcellus shale assets belonging to Statoil ASA for $394 million.

Cenovus trims budget, slows oil sands work

Dec 22, 2014

Cenovus Energy Inc., Calgary, is trimming its capital spending in response to falling crude prices and will slow development of some of its thermal oil sands projects in Alberta.

Watching Government: What best practices involve

Dec 22, 2014

So what, exactly, are best practices? Government policymakers freely use the term these days when they describe what's behind standards they're proposing.

BHI: North Dakota, Williston spur continued decline in US rig count

Dec 19, 2014

The US drilling rig count dropped 18 units to settle at 1,875 rigs working during the week ended Dec. 19, pushed down by losses in North Dakota and the Williston basin, Baker Hughes Inc. reported. That total, however, was trumped by the 40-unit drop in neighboring Canada.

Comstock to suspend 2015 oil drilling in Eagle Ford, TMS

Dec 19, 2014

Due to low crude oil prices, Comstock Resources Inc., Frisco, Tex., plans to suspend its 2015 oil-directed drilling activity on properties in the Eagle Ford shale in Texas and Tuscaloosa Marine shale (TMS) in Mississippi.

Moody’s: Mid-term elections dim federal fracing regulation prospects

Dec 18, 2014

Results of 2014’s congressional elections have reduced the prospect of the federal government enacting its own hydraulic fracturing regulations, Moody’s said in a Dec. 17 report. It noted that Republicans, who generally have taken the position that state regulations are sufficient, will assume control of the US Senate in addition to the House in January.

Severance tax would backfire, Pennsylvania association leaders warn

Dec 17, 2014

Enacting a severance tax aimed at Pennsylvania’s unconventional natural gas activity would substantially harm the commonwealth beyond the industry itself, three oil and gas trade association officials warned.

New York state moves to ban hydraulic fracturing

Dec 17, 2014

High-volume hydraulic fracturing will be banned in the state of New York, Gov. Andrew Cuomo’s administration announced Dec. 17, citing health risks and concerns about possible contamination of air and water. The state has had a temporary moratorium on fracturing in the Marcellus shale for years.

Encana to focus spending on four core shale assets in 2015

Dec 16, 2014

Encana Corp., Calgary, reported plans to spend $2.7-2.9 billion on its capital budget with roughly 80% of this total directed towards four of what the company is calling its “highest margin growth plays,” namely the Montney and Duvernay shale areas in Canada and the Eagle Ford and Permian areas in the US. Encana expects to generate about 75% of its 2015 cash flow from oil and liquids production.

Cenovus trims budget, slows oil sands work

Dec 16, 2014

Cenovus Energy Inc., Calgary, is trimming its capital spending in response to declining crude oil prices and will slow development of some of its thermal oil sands projects in Alberta.

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