More Unconventional News

Train carrying crude derails, catches fire in Virginia

Apr 30, 2014

A train carrying crude oil derailed Apr. 30 in Lynchburg, Va., setting 3 cars on fire, CSX Transportation announced. The fire was quickly extinguished and no injuries were reported, although some businesses and residents nearby were evacuated, it said.

PwC: US M&A activity reaches highest 1Q volume in more than a decade

Apr 30, 2014

The US oil and gas industry recorded its highest volume of first quarter mergers and acquisitions (M&A) in more than a decade, PwC US Energy Practice said in an Apr. 30 report on transactions with value greater than $50 million. The movement was a result of rising upstream activities and increased interest from foreign entities.

Whiting reshuffles management following key retirement

Apr 30, 2014

Denver independent Whiting Petroleum Corp. reported that James T. Brown, president and chief operating officer since 2011, will retire. James J. Volker, chairman and chief executive officer, will assume the additional position of president.

States to investigate whether injection wells induce seismic events

Apr 30, 2014

State oil and gas regulators and geologic surveys are forming a working group with the Interstate Oil & Gas Conservation Commission and Groundwater Protection Council to examine whether a relationship exists between injection wells and seismic events in several states, IOGCC said on Apr. 29.

Williams, Boardwalk suspend Bluegrass NGL pipeline spending

Apr 29, 2014

Williams Cos. Inc. and Boardwalk Pipeline Partners LP have suspended capital investment in their proposed Bluegrass NGL pipeline, primarily due to insufficient firm customer commitments. The companies continue to talk with potential customers regarding the scale and timing of demand for services and the firm contractual commitments needed to support any future investment.

Bakken field production reaches 1 billion bbl mark

Apr 28, 2014

Citing data from IHS, Continental Resources Inc. reported that Bakken field has surpassed 1 billion bbl of cumulative light, sweet crude oil production during this year’s first quarter.

Statoil drills, cases Southern Georgina basin exploration well

Apr 28, 2014

Statoil Australia Theta BV has successfully drilled and cased the OzAlpha-1 well in exploration permit 104 in the Southern Georgina basin of Australia’s Northern Territory.

EIA: Marcellus gas production continues to outpace takeaway capacity

Apr 25, 2014

Rising production of natural gas in the Marcellus shale play in the Appalachian basin continues to outpace the growth in the region’s pipeline takeaway capacity, which has led to supply backups in the region, the US Energy Information Administration reported in a weekly gas report.

Baker Hughes: US drilling rig count leaps to 1,861

Apr 25, 2014

The US drilling rig count jumped 30 units to reach a total of 1,861 rigs working during the week ended Apr. 25, Baker Hughes Inc. reported. The US now has 107 more rigs working compared with this week a year ago.

Latest Keystone delay isn’t political, White House spokesman says

Apr 22, 2014

The decision to give eight federal agencies more time to prepare comments about the proposed Keystone XL crude oil pipeline project’s cross-border permit was not political, White House Press Secretary Jay Carney said.

Watching Government: Marcellus shale impact surprises

Apr 21, 2014

Impacts of oil and gas development on nearby communities are getting more attention.

Alberta to spend $144 million on CCS in 2014

Apr 21, 2014

The government of Alberta has budgeted $144 million (Can.) this year for two projects it is supporting for carbon capture and sequestration (CCS) related to oil sands development.

Suncor reports oil sands employee fatality

Apr 21, 2014

Suncor Energy Inc. reported that an employee fatality occurred at its oil sands site on Apr. 20.

Baker Hughes: US drilling rig count holds steady at 1,831

Apr 17, 2014

The US drilling rig count was unchanged from a week ago at 1,831 rigs working during the shortened holiday week that ended Apr. 17, Baker Hughes Inc. reported.

US gas reserve growth in 2013 was robust, AGA estimates

Apr 17, 2014

US natural gas producers added more than 35 tcf of reserves in 2013, the American Gas Association said in its latest annual preliminary estimate based on reported results by the 30 largest companies representing more than half of the total US production and reserves.

PEOPLE

Apr 16, 2014

Proposal would create patchwork of regulations in Colorado

Apr 16, 2014

Colorado appears poised to consider a ballot measure this November that, if passed, could lead to a patchwork of local rules for oil and gas development.

Industry improves public perception through outreach, education

Apr 16, 2014

Public relations experts shared their thoughts on how the oil and gas industry can improve its image, and judges from two Texas counties spoke about concerns of residents in the Eagle Ford shale at Petroleum Connection's Clean Frac'ing Conference.

Range Resources boosts Marcellus shale production above 1 bcfd

Apr 16, 2014

Range Resources Corp. plans to further increase its production in the Marcellus shale in 2014 and has set a higher capital spending budget that will enable it to drill even longer laterals and utilize more completion stages at its Marcellus wells this year.

MARCELLUS & UTICA Briefs

Apr 16, 2014
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