More Unconventional News

Deadly train derailment in Quebec carried Bakken crude

Jul 8, 2013

A runaway train carrying crude oil from the Bakken formation derailed early July 6 in Lac Megantic, Que., resulting in fires and explosions that destroyed much of the town, leaving dozens dead or missing, Canadian authorities said.

Diluted bitumen poses no special pipeline leak risks, NAS panel finds

Jul 8, 2013

Oil sands crude does not pose an increased risk compared with other crude oils when transported via pipeline, said a committee of scientists reporting to the US Department of Transportation.

Pacific Energy Development drills two Niobrara wells

Jul 5, 2013

Pacific Energy Development Corp., Danville, Calif., has drilled two wells on its Niobrara holdings in northeastern Colorado.

Exco to buy Eagle Ford, Haynesville assets

Jul 5, 2013

Exco Resources Inc. agreed to acquire producing and undeveloped oil and gas assets in the Eagle Ford and Haynesville shale formations for a total of $1 billion from Chesapeake Energy Corp.

Ukraine nine-stage frac could set European mark

Jul 5, 2013

Schlumberger has rigged up to conduct a nine-stage hydraulic frac job for JKX Oil & Gas PLC in Ukraine at what the companies believe may be the largest onshore frac in Europe to date.

Fracs, horizontal well possible in Poland Baltic basin

Jul 3, 2013

A UK company will conduct hydraulic fracs on conventional and unconventional formations at a well in Poland’s Baltic basin under a farmout from San Leon Energy PLC, Dublin.

Ohio: Magnum Hunter spuds on Monroe County 18-well pad

Jul 2, 2013

Magnum Hunter Resources Corp., Houston, has spudded the first well on its Stalder pad in eastern Monroe County, Ohio.

Celtique Energie outlines unconventional drilling plans

Jul 1, 2013

Celtique Energie Ltd. of the UK has said it is planning to submit applications for permission to explore for unconventional oil in Weald basin near the village of Fernhurst in West Sussex.

Statoil operating Eagle Ford acreage

Jul 1, 2013

Statoil has become operator of half the acreage it holds under a 50-50 joint venture with Talisman Energy USA Inc. in the Eagle Ford play of Texas (OGJ Online, Jan. 12, 2011).

Crestwood acquires Niobrara gas gathering interest

Jun 24, 2013

Crestwood Midstream Partners LP subsidiary Crestwood Niobrara LLC has entered into an agreement to acquire a 50% interest in Jackalope Gas Gathering Services LLC from RKI Exploration & Production LLC.

Small pipeline leak makes big noise in Canadian politics

Jun 24, 2013

That a small amount of crude oil in the wrong place at the wrong time can have big political impact says more about politics than crude oil.

Energy exports highlight EIA conference, House subcommittee hearing

Jun 19, 2013

Congress may be ready to discuss US LNG exports as soon as this summer, but won’t likely consider domestic petroleum sales to foreign countries for some time, US Sen. Lisa Murkowski (R-Alas.) predicted at the US Energy Information Administration’s 2013 Energy Conference.

Illinois governor signs hydraulic fracturing regulation

Jun 18, 2013

Illinois Gov. Pat Quinn has signed into law regulation for high-volume hydraulic fracturing, the governor’s office said in a news release.

Variables, uncertainties still shape world energy outlook

Jun 18, 2013

Technological breakthroughs may have increased the world’s potential oil and gas resources significantly, but variables and uncertainties will determine how quickly and to what extent they are developed, participants emphasized during the opening day of the US Energy Information Administration’s annual conference.

Natural Resource Partners to buy stake in Bakken, Three Forks

Jun 17, 2013

Natural Resource Partners LP, Houston, agreed to acquire an 11% working interest in producing assets in the Bakken and Three Forks formations in North Dakota and Montana from Abraxas Petroleum Corp. for $35.3 million, marking NRP’s entry into the Bakken formation.

Surge Energy to buy Saskatchewan tight oil assets from Cenovus

Jun 14, 2013

Surge Energy Inc. agreed to buy a tight oil asset in southern Saskatchewan from Cenovus Energy Inc. of Calgary for $240 million, with closing expected by mid-July, subject to normal closing conditions.

Shale gas exploration deal with Chevron pending, Ukraine official says

Jun 14, 2013

A tentative agreement has been reached between Ukraine officials and Chevron Corp. regarding exploration for shale natural gas in Oleska field in western Ukraine, Energy Minister Eduard Stavytsky told reporters in Kiev on June 13.

Centrica to buy stake in shale gas area from Cuadrilla

Jun 13, 2013

Centrica PLC bought a 25% interest in a license for the Bowland basin shale project in Lancashire, UK, from Cuadrilla Resources Ltd. and AJ Lucas for $62.6 million. Centrica owns British Gas.

BP: US oil production growth hit record-high in 2012

Jun 12, 2013

The US recorded the largest single-year increase in oil production in 2012, according to the BP Statistical Review of World Energy. The review, released June 12, was the company’s 62nd annual report.

Statoil to operate Georgina basin shale program

Jun 12, 2013

A unit of Statoil ASA and PetroFrontier Corp., Calgary, agreed to amend a mid-2012 farmout under which Statoil Australia Oil & Gas AS will become operator of an exploratory joint venture aimed at shale formations on 14 million acres in the southern Georgina basin in Australia’s Northern Territory.

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