More Unconventional News

PwC: US oil, gas transaction value hits 10-year high in 3Q

Nov 17, 2014

Driven by a rise in billion-dollar deals, midstream activity, and interest in upstream shale plays from foreign buyers, mergers and acquisitions in the US oil and gas industry reached the highest levels in the past decade during the third quarter, according to a quarterly report from PwC US Energy Practice.

BHI: Gains in Utica, Ohio headline latest US rig count

Nov 14, 2014

The US drilling rig count was up 3 units to reach 1,928 rigs working during the week ended Nov. 14, with notable gains in Ohio and more specifically the Utica basin, Baker Hughes Inc. reported.

North Dakota lawmakers mull Bakken crude regulations

Nov 14, 2014

Oil producers in North Dakota’s Bakken and Three Forks formations could be required to strip gases from crude oil showing high vapor pressure before transporting the oil under new standards being considered by the North Dakota Industrial Commission, which met Nov. 13.

American Energy unit adds SCOOP, STACK acreage in Oklahoma

Nov 13, 2014

American Energy–NonOp LLC (AENO), an affiliate of American Energy Partners LP (AEP), Oklahoma City, has completed a series of transactions with Double Eagle Energy Holdings LLC, Ft. Worth, and several other parties to acquire nonoperated working interests in the SCOOP and STACK resource plays in southern and central Oklahoma for $251 million.

Encana completes acquisition of Athlon Energy

Nov 13, 2014

Encana Corp. now holds a premier 140,000 net acre spread in the oil-rich Permian basin after successfully acquiring Fort Worth-based Athlon Energy Inc. for $7.1 billion.

Pembina to expand northeast British Columbia pipeline system

Nov 12, 2014

Pembina Pipeline Corp. has entered into binding agreements to proceed with a $210-million expansion to Pembina’s pipeline system in northeast British Columbia. The NEBC expansion will transport condensate and NGLs for producers in the liquids-rich Montney shale.

Imperial shuts down Kearl oil sands due to ‘vibration issue’

Nov 11, 2014

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

Bakken, deepwater Gulf of Mexico to boost Hess’s production

Nov 11, 2014

Hess Corp. plans to increase its production growth rate forecast by 6-10%/year during 2013-18, assuming $90-100/bbl Brent, anchored by production in the Bakken shale and deepwater Gulf of Mexico, the company said Nov. 10 during an investor presentation in Houston.

BLM issues EA about proposed eastern Utah gas interconnect lines

Nov 10, 2014

The US Bureau of Land Management is seeking public comments on an environmental assessment analyzing 2 proposed Enduring Resources LLC Rockhouse-Anadarko interconnect pipelines in eastern Utah. Written or e-mailed comments will be accepted until Nov. 21, BLM’s Vernal field office said.

Oil sands 2014-38 outlay to top $514 billion

Nov 10, 2014

Total investment in Canadian oil sands projects during 2014-38 will exceed $514 billion (2013 Can.), according to the Canadian Energy Research Institute (CERI).

GCA: Falling oil price will unevenly affect US unconventional plays

Nov 10, 2014

Falling oil prices will have an uneven effect across US unconventional plays based on the qualities of reservoirs within any given play, Gaffney Cline & Associates said in a recent report, noting there exists a complex relationship between the pace of shale production and falling futures prices for light, sweet crude oil.

Forum: US unconventional plays still profitable at $80/bbl oil or less

Nov 10, 2014

The US currently dominates global upstream capital spending, and producers in many unconventional plays can still make a profit with futures prices for benchmark light, sweet crude oil fetching a price less than $80/bbl, a Wood Mackenzie Ltd. senior analyst told an oil breakfast forum hosted by consulting firm Decision Strategies.

Induced seismicity research effort identifies information gaps

Nov 10, 2014

A federally coordinated effort to determine whether oil and gas activities are related to growing reports of induced seismic activity has identified several information gaps that need to be closed, speakers said during an Oct. 30 briefing at the US Energy Association.

Bear Head LNG applies for NEB export license

Nov 7, 2014

Bear Head LNG Corp., a wholly owned subsidiary of Liquefied Natural Gas Ltd. (LNGL), filed an application with Canada’s National Energy Board (NEB) to export as much as 12 million tonnes/year (tpy) of LNG. The application also seeks a license to import as much as 503 bcf/year of natural gas from the US.

Sunoco Logistics to move ahead with Mariner East 2 NGL pipeline

Nov 7, 2014

Sunoco Logistics Partners LP, Philadelphia, reported receiving sufficient binding commitments from shippers to move ahead with its Sunoco Pipeline LP subsidiary’s $2.5-billion investment in the Mariner East 2 natural gas liquids pipeline project.

BHI: US rig count down slightly during October, past week

Nov 7, 2014

The US drilling rig count dropped 4 units to settle at 1,925 rigs working during the week ended Nov. 7, Baker Hughes Inc. reported.

Shell inks deal for US Appalachian petrochemical project location

Nov 7, 2014

Shell Chemical LP, a subsidiary of Royal Dutch Shell PLC, is moving forward with plans to purchase land near Monaca, Pa., for a proposed petrochemical complex that would process ethane from natural gas produced from the Marcellus shale.

Better transportation seen as key to North American energy promise

Nov 7, 2014

Significant transportation improvements will be essential for North America to fully realize its dramatically brighter oil and gas future, speakers agreed during a Nov. 6 discussion at the Woodrow Wilson International Center for Scholars.

ETP to build plants, expand gathering for Eagle Ford, Eaglebine production

Nov 6, 2014

Energy Transfer Partners LP (ETP), Dallas, has reached long-term gas gathering and processing agreements with producers in the Eagle Ford in South Texas and Eaglebine in southeast Texas.

PAA to buy BridgeTex interest from Oxy in $1.075 billion deal

Nov 6, 2014

Plains All American Pipeline LP (PAA) and Plains GP Holdings LP have signed an agreement with Occidental Petroleum Corp. to purchase Oxy’s 50% interest in BridgeTex Pipeline Co. LLC for $1.075 billion.

Stay Connected