More Unconventional News

More West Texas gathering, processing to come onstream

Dec 9, 2014

EagleClaw Midstream Services LLC, Midland, Tex., has bought natural gas gathering and processing in Reeves County, Tex. The company declined to identify the seller.

Kearl resumes oil sands production, Imperial reports

Dec 9, 2014

Imperial Oil Ltd., Calgary, has resumed production at its Kearl oil sands operations in Alberta after a precautionary shutdown due to a “vibration issue” with the plant’s ore-crusher unit.

Small subset of wells accounts for most methane emissions, researchers say

Dec 9, 2014

A small subset of natural gas wells are responsible for most methane emissions from US natural gas production, said a study from the University of Texas at Austin. Researchers cited the two major sources of methane emissions from wells as liquid unloadings and pneumatic controller equipment.

ConocoPhillips slashes 2015 capital budget

Dec 8, 2014

ConocoPhillips has elected to reduce its 2015 capital budget to $13.5 billion, down 20% compared with this year’s budget. The news comes on the heels of crude oil prices hitting 5-year lows.

Nexen starts bitumen production at Kinosis 1A in Alberta

Dec 8, 2014

China National Offshore Oil Corp. Ltd. reported the start of bitumen production at the Kinosis 1A (K1A) steam-assisted gravity drainage (SAGD) facility in Alberta.

Whiting completes acquisition of Kodiak

Dec 8, 2014

Whiting Petroleum Corp. has completed its acquisition of Kodiak Oil & Gas Corp. following the issuance of a final order by the Supreme Court of British Columbia approving the deal on Dec. 5.

Watching Government: Did Maryland go too far?

Dec 8, 2014

Maryland finally proposed a strategy to regulate unconventional natural gas exploration and production on Nov. 25. The question quickly moved from what was taking so long to whether it went too far.

BHI: Kansas, Granite Wash lead week of modest changes in US rig count

Dec 5, 2014

The US drilling rig count opened the month by adding 3 units to reach 1,920 rigs working during the week ended Dec. 5, Baker Hughes Inc. reported. The US has 145 more units compared with this week a year ago.

WoodMac estimates Eagle Ford shale production tops 1 billion bbl

Dec 5, 2014

The Eagle Ford shale in South Texas has produced more than 1 billion bbl of crude oil and condensate, energy consultant Wood Mackenzie Ltd. estimated, adding that the Eagle Ford has produced more than 70% of that total during the last 2 years.

US proved oil, gas reserves continue to climb

Dec 4, 2014

US proved reserves of oil and natural gas have increased by 9% and 10%, respectively, according to the US Energy Information Administration. The 3.1-billion bbl increase in proved oil reserves in 2013 marks the fifth consecutive jump, EIA said in a recent report. Proved oil reserves reached 36.5 billion bbl in 2013, up from 33.4 billion bbl in EIA’s report in 2012.

Southwestern continues Marcellus expansion

Dec 3, 2014

Southwestern Energy Co., Houston, has signed an agreement to purchase oil and gas assets, including 46,700 net acres, in northeast Pennsylvania from WPX Energy Inc., Tulsa, for $300 million.

Outgoing Maryland governor moving ahead on fracing regulations

Dec 2, 2014

Maryland Gov. Martin O’Malley plans to propose regulations that would allow hydraulic fracturing in western Maryland provided that natural gas companies adhere to certain restrictions to limit the risks of water contamination and air pollution.

Flint Hills breaks ground on Texas refinery expansion

Dec 2, 2014

Flint Hills Resources, a unit of Koch Industries Inc., has started construction on a project designed to increase processing capabilities for US crude oil at its 230,000-b/d West refinery at Corpus Christi, Tex.

MARKET WATCH: NYMEX crude oil prices rebound

Dec 2, 2014

Oil prices rebounded by nearly $3 on the New York market Dec. 1 to settle at $69/bbl after plunging more than $7/bbl in a single trading session last week in reaction to a decision by members of the Organization of Petroleum Exporting Countries to keep their current production quota.

Suncor wraps maintenance on Alberta upgrader

Dec 1, 2014

Suncor Energy Inc. has completed 11 weeks of scheduled maintenance on one of two oil sands upgraders at its operations near Fort McMurray, Alta.

Prospects for US crude exports to Asia are looking up

Dec 1, 2014

Within the next 3 to 4 years, the US can become an oil and condensate exporter capable of making available to the world market more than 1.5 million b/d of domestic crude and condensate along with 500,000-600,000 b/d of re-exported Canadian crude-a total liquids export volume on par with Kuwait.

Elastic nonlinearity, lower wave velocities add to frequency spectrum

Dec 1, 2014

Current seismic imaging practices have generally ignored the effects of dynamic elastic nonlinearity and treat sedimentary rocks as elastically linear, using a relatively simpler scientific model.

BHI: Shortened week sees 12-unit loss in US rig count

Nov 26, 2014

The US drilling rig count fell 12 units to 1,917 rigs working as the country headed into the Thanksgiving holiday during the abbreviated week ended Nov. 26, Baker Hughes Inc. reported.

TransAtlantic completes Dadas interval in southeast Turkey

Nov 25, 2014

TransAtlantic Petroleum Ltd., Dallas, says it successfully completed the Dadas interval at a vertical depth of 9,650 ft in the Molla area of southeast Turkey.

Moody’s: E&P spending to dip as crude oil prices slide

Nov 25, 2014

Weakening crude oil prices will cut exploration and production spending by independent producers in the US next year and make integrated oil and gas companies wary of upstream projects dependent on a price of $80/bbl, according to Moody’s Investors Service.

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