More Unconventional News

Chevron finishes initial exploration in Alberta Duvernay shale play

Oct 25, 2013

Chevron Corp. reported the successful conclusion of the initial 12-well exploration drilling program by its subsidiary, Chevron Canada Ltd., in the Kaybob area of the liquids-rich portion of the Duvernay shale play in west-central Alberta.

Foreign oil, gas investment strong in Canada

Oct 24, 2013

Foreign investment in Canadian oil and gas, a topic that raised governmental concern when CNOOC Ltd. of China last year announced plans to acquire Nexen Inc. of Calgary for $15.1 billion, has averaged $20 billion/year since 2007, reports the Canadian Energy Research Institute (CERI).

Suncor resumes Canadian oil sands operations

Oct 22, 2013

Suncor Energy Inc. has resumed normal operations at its oil sands and in situ facilities after slowing them on Oct. 17 following a third-party supplier disruption of natural gas affecting the Wood Buffalo region of northeast Alberta, the company reported late on Oct. 18.

Marcellus Shale Coalition names new president

Oct 22, 2013

The Marcellus Shale Coalition has named David Spigelmyer as the organization’s president.

National Fuel touts Marcellus, Utica completions

Oct 22, 2013

National Fuel Gas Co., a subsidiary of Seneca Resources Corp., Williamsville, NY, said it produced 120.7 bcf of gas equivalent in the fiscal year ended Sept. 30, 45% more than the previous fiscal year, and that its proved gas and oil reserves are up 24% to a record 1,549 bcf of gas equivalent.

Sunshine, Renergy finalize Muskwa-Godin oil sands pact

Oct 22, 2013

Sunshine Oilsands Ltd., Calgary, has signed the previously announced joint operating agreement with Renergy Petroleum (Canada) Co. Ltd., an affiliate of Changjiang Investment Group Co. Ltd. of Hong Kong, with respect to Sunshine’s Muskwa and Godin area leases in Alberta’s Athabasca oil sands area.

Noble, Anadarko exchange DJ basin acreage

Oct 21, 2013

Houston independents Noble Energy Inc. and Anadarko Petroleum Corp. have closed on an acreage exchange in the greater Wattenberg area of northern Colorado, with each party contributing 50,000 net acres.

Two layers of cost

Oct 21, 2013

Americans curious about the costs of misguided energy policy should watch Europe, where governments aggressively promote energy from the sun, wind, and biomaterial.

Devon, Crosstex Energy to merge midstream assets

Oct 21, 2013

Devon Energy Corp., Oklahoma City, and Dallas-based Crosstex Energy LP reported Oct. 21 the signing of a definitive agreement to combine substantially all of Devon’s US midstream assets with those of Crosstex to form a new midstream business.

Ultra to buy Uinta basin oil producing properties

Oct 21, 2013

Ultra Petroleum Corp., Houston, will acquire oil producing properties in Utah’s Uinta basin that Ultra said will provide “exceptional returns at oil prices well below $75/bbl.”

Canadian Natural Resources advances Horizon Oil Sands project

Oct 18, 2013

Canadian Natural Resources Ltd. said it completed several milestones at its Horizon Oil Sands project in northern Alberta in the third quarter, en route to production of 250,000 b/d of synthetic crude oil by 2017.

Contact hails Kakwa Montney tight gas-liquids well results

Oct 16, 2013

Contact Exploration Inc., Calgary, said completion of its fourth operated horizontal Middle Montney formation tight gas-liquids well extends the scope and magnitude of the company’s East Kakwa project in Alberta.

PIRA: Shale production growth makes US largest liquids producer

Oct 16, 2013

US total oil supply is expected to average 12.1 million b/d this year, making it the world’s largest oil producer, PIRA Energy Group, an energy markets consulting firm in New York, reported. PIRA counts oil supply as all liquids, including condensates.

PostRock to acquire central Oklahoma properties

Oct 15, 2013

PostRock Energy Corp., Oklahoma City, will acquire 22,000 net acres of leasehold in central Oklahoma that has current oil production and more than 10 million bbl of oil equivalent of potential in multiple reservoirs including the Woodford shale.

Athabasca Oil names Broen chief operating officer

Oct 14, 2013

Athabasca Oil Corp., Calgary, has named Rob Broen to the newly created position of chief operating officer in charge of light oil and thermal oil operations and all technical functions.

Southcross’ Eagle Ford natural gas lateral nears completion

Oct 11, 2013

Southcross Energy Partners LP reported that its 15-MMcfd rich-natural gas lateral pipeline extending its McMullen County, Tex., system further into the Eagle Ford shale will be completed this month.

Crestwood buys Arrow Bakken gathering systems for $750 million

Oct 10, 2013

Crestwood Midstream Partners LP’s wholly owned subsidiary Crestwood Arrow Acquisition bought Bakken-shale gathering company Arrow Midstream Holdings LLC in a deal valued at $750 million.

Regency Energy to buy PVR in $5.6 billion deal

Oct 10, 2013

Dallas-based Regency Energy Partners LP and PVR Partners LP reported that their respective boards have approved a definitive merger agreement in which Regency will acquire PVR for $5.6 billion, which includes the assumption of $1.8 billion of net debt.

Speakers say innovation to sustain North American gas boom

Oct 10, 2013

Innovation will sustain the North American boom in natural gas production from unconventional resources despite an extended period of low prices.

INGAA’s incoming chairman lists main 2013-14 priorities

Oct 10, 2013

Finding innovative ways to increase pipeline access to new tight gas deposits, further improving pipeline safety and integrity, and working to advance gas and electric integration will be three of the top 2013-14 priorities for US interstate natural gas pipeline operators, the incoming chairman of their national trade association said on Oct. 9.

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