More Unconventional News

WoodMac: Eagle Ford production tops 1 billion bbl

Feb 10, 2015

Analysts forecast increasing unconventional US production during 2015 with one of the prolific plays being the Eagle Ford shale in South Texas.

Accenture: Eagle Ford operators cut costs with integrated planning, better logistics

Feb 10, 2015

Accenture examined the importance of integrated planning and logistics as a way to save money for operators in the South Texas Eagle Ford, a region that the unconventional oil and gas industry already considers as a model for the manufacturing approach.

Eagle Ford briefs

Feb 10, 2015

Texas A&M studies water used for Eagle Ford fracturing

Feb 10, 2015

Development of unconventional plays led to a rapid proliferation of the use of hydraulic fracturing, which has boosted US production rates. Yet, fracturing remains under intense scrutiny for various reasons, including water usage.

Bakken briefs

Feb 10, 2015

Comment: Beware of break-even and marginal-cost analyses

Feb 10, 2015

Shale oil and gas productivity and costs vary dramatically among the different areas of a shale formation, and the difference between owning the best acreage or the worst is what makes winners and losers.

ND bills would expand Industrial Commission, void flaring rule, vapor-pressure standards

Feb 10, 2015

Republican lawmakers in North Dakota have initiated legislation that would bring already-established rules on reduced gas flaring and on oil conditioning standards for crude produced from the Bakken, Three Forks, and Sanish formations back into the statehouse.

Bakken formation pressure standards to take effect Apr. 1

Feb 10, 2015

North Dakota oil and gas regulators ordered operators to condition crude oil from the Bakken, Three Forks, and Sanish formations, effective Apr. 1, in efforts to improve rail transportation safety.

Bakken likely to be hardest hit by oil-price slump

Feb 10, 2015

Opinions varied among analysts and consultants contacted by UOGR regarding which unconventional US plays will maintain robust drilling and investment this year despite dropping oil and natural gas prices. But, the Bakken formation was commonly said to be the region most apt to feel the sting.

Hess cuts capital budget by 16% to $4.7 billion

Feb 9, 2015

Hess Corp. has set a capital budget of $4.7 billion for 2015, down 16% from $5.6 billion spent last year. The company at the beginning of 2014 reported a $5.8 billion budget for the year.

BHI: US rig count down 87 units in 10th straight week of losses

Feb 6, 2015

The US drilling rig count plunged 87 units, a decline that was again spurred mostly by oil rigs, to settle at 1,456 rigs working during the week ended Feb. 6, Baker Hughes Inc. reported.

PwC: Low oil prices might drive surge in restructuring in 2015

Feb 6, 2015

Mergers and acquisitions (M&A) in the oil and gas industry hit 10-year highs in terms of deal value and volume in 2014, according to a report from PwC US.

PAA to expand Delaware basin crude pipeline systems

Feb 5, 2015

Plains All American Pipeline LP (PAA) plans to build two Delaware basin crude oil pipelines and related gathering systems, to expand its existing Blacktip pump station, and to build a 20-in. OD loop line from Blacktip station to Wink, Tex.

Oil-price collapse may aggravate producing nations’ other problems

Feb 5, 2015

The recent global crude-oil price plunge could be aggravating underlying problems in Mexico, Colombia, and other Western Hemisphere producing nations, speakers suggested during a Feb. 4 discussion at the Woodrow Wilson International Center for Scholars.

Alberta’s premier seeks more North American energy integration

Feb 5, 2015

Better policy integration and cooperation will be needed for Canada, Mexico, and the US to fully realize the North American energy renaissance’s potential, Alberta Premier Jim Prentice said. Unfortunately, trends are leading more toward fragmentation and confrontation, he warned.

Deloitte studies oil supply growth for 2015-16

Feb 4, 2015

A Deloitte MarketPoint analysis suggested large-field projects, each producing more than 25,000 b/d, could bring on 1.835 million b/d in oil supply this year of which 635,000 b/d would be from members of the Organization of Petroleum Exporting Countries and the rest from non-OPEC productions.

EPA suggests DOS reconsider Keystone XL climate impact conclusions

Feb 3, 2015

The US Department of State might want to reconsider its conclusions regarding potential climate impacts from the proposed Keystone XL crude oil pipeline because crude oil prices have fallen so dramatically, a US Environmental Protection Agency official suggested.

Gazprom Neft starts shale oil production in western Siberian field

Feb 3, 2015

JSC Gazprom Neft reported start of shale oil production from the Bazhenov formation during tests of two wells in southern Priobskoye field in central western Siberia. Tests are planned for two other wells.

Anadarko reports 2014 loss, remains upbeat about Wattenberg

Feb 3, 2015

Anadarko Petroleum Corp. announced a 2014 net loss of $1.75 billion, or $3.47/share diluted, including a net loss of $4.05 billion associated with the settlement of litigation involving its subsidiary, Tronox Inc., yet company executives remained upbeat about production growth.

EnLink agrees to purchase Coronado Midstream for $600 million

Feb 2, 2015

EnLink Midstream has agreed to acquire Coronado Midstream Holdings LLC, which owns natural gas gathering and processing facilities in the Permian basin, for $600 million.

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