More Unconventional News

The Bakken's billions

May 20, 2013

How much oil can be produced from the Williston basin's Bakken and Three Forks formations?

DOI releases revised proposal to regulate hydraulic fracturing

May 17, 2013

The US Department of the Interior released a revised proposal to regulate hydraulic fracturing on public and Indian lands that it said would maintain important safety standards, improve integration with existing state and tribal rules, and increase flexibility for oil and gas producers.

Double Eagle pipeline begins Eagle Ford condensate shipments

May 14, 2013

Double Eagle Pipeline LLC, a 50-50 joint venture of Magellan Midstream Partners and Kinder Morgan Energy Partners, has started shipping condensate for Eagle Ford shale producers in Karnes and Live Oak counties, Tex.

Large gain seen in Alberta oil production

May 13, 2013

Bitumen will claim an increased share of sharply higher oil production in Alberta over the next 10 years, according to the provincial Energy Resources Conservation Board.

San Leon Energy to buy Talisman’s share of Poland shale gas JV

May 13, 2013

San Leon Energy PLC agreed to buy Talisman Energy Inc.’s share of a shale gas joint venture in Poland. Talisman is the second international major oil company to withdraw from Poland, following a decision last year by ExxonMobil Corp. to exit Poland after early results failed to produce commercial wells.

Crosstex to invest in Utica shale compression, condensate stabilization

May 9, 2013

Dallas-based Crosstex Energy companies Crosstex Energy LP and Crosstex Energy Inc. have announced that Crosstex Energy Inc. will invest about $25 million in a third natural gas compression and condensate stabilization plant in the Ohio River Valley.

House panel questions funding support for BLM to regulate fracing

May 9, 2013

US House Natural Resources Committee members from both sides of the aisle questioned whether Congress would be willing to fund a federal hydraulic fracturing regulatory regime at the US Bureau of Land Management.

Canada to EU: Don't penalize oil sands

May 9, 2013

Canada’s minister of natural resources has warned officials of the European Union against “discriminatory treatment” of fuels made from products of Canadian oil sands.

Tunisia/Libya: Joint Oil approves Sonde farmout to Viking

May 7, 2013

Joint Oil, the Tunisia-Libya offshore authority, has approved a farmout by Sonde Resources Corp., Calgary, of the Joint Oil block in the Mediterranean off the two countries to Viking Exploration & Production Tunisia Ltd., a private company.

EQT acquiring more Marcellus shale assets

May 7, 2013

EQT Corp. agreed to buy 99,000 net acres in southwestern Pennsylvania and 10 horizontal Marcellus wells in Washington County, Pa., from Chesapeake Energy Corp. and partners.

Independent to acquire GeoMet Alabama CBM assets

May 7, 2013

A private independent oil and gas company with interests in Alabama will purchase the Alabama coalbed methane properties of GeoMet Inc., Houston, for $63.2 million. The buyer’s name has yet to be released.

Ohio: Magnum Hunter adds dedicated robotic Utica rig

May 7, 2013

Magnum Hunter Resources Corp., Houston, has taken delivery of a robotic drilling rig, the fifth rig in its fleet, that it expects to spud a Utica shale well in southeastern Ohio on June 1.

Athabasca Oil chief executive assumes role as president

May 7, 2013

Sveinung Svarte, chief executive officer of Athabasca Oil Corp., Calgary, will function also as president after the departure of Bryan Gould and formation of an executive operational and development committee to be chaired by Ronald Eckhardt, a director.

Bakken, Three Forks resources rise twofold in new USGS estimate

May 6, 2013

The Bakken and Three Forks formations in North Dakota, South Dakota, and Montana hold an estimated mean of 7.38 billion bbl of undiscovered, technically recoverable crude oil, the US Geological Survey announced in an update.

PwC analyzes first-quarter US unconventional deals

May 6, 2013

Mergers and acquisitions involving unconventional assets contributed to increased number of deals and total deal value during the first quarter 2013 compared with the same period last year, PwC US reported.

KMEP expanding crude lateral to Sweeny refinery

May 3, 2013

Kinder Morgan Energy Partners LP is expanding its Sweeny Lateral pipeline running between the Kinder Morgan Crude Condensate (KMCC) pipeline and Phillips 66’s Sweeny refinery in Brazoria County, Tex.

NET Midstream adds Eagle Ford natural gas shippers

May 3, 2013

NET Midstream’s wholly owned subsidiary Eagle Ford Midstream LP (EFM) has secured firm transportation agreements from Eagle Ford shale producers including Talisman Energy USA and Statoil Natural Gas LLC.

Water increasingly crucial in energy policies, experts say

May 3, 2013

Energy policymakers worldwide should look beyond supply security and environmental questions and consider water resource availability if they expect to succeed, experts said May 3 during a forum at the Woodrow Wilson International Center for Scholars.

New York appeals court says towns can ban hydraulic fracturing

May 2, 2013

The New York State Supreme Court Appellate Division ruled May 2 that townships in New York state can ban hydraulic fracturing and shale gas drilling within municipal borders.

New York State and the challenge of patchwork regulations

May 1, 2013

CHENANGO COUNTY, NY—With no clear regulatory decision on the books, New York's local municipalities are enforcing constitutional rights to limit drilling activity within their borders.

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