More Unconventional News

Survey examines Marcellus hiring trends

Oct 16, 2014

Marcellus shale companies expect to hire more than 2,000 new employees in 2014, according to a workforce survey released by the Marcellus Shale Coalition (MSC).

Shell expands leasehold position in Marcellus, Utica

Oct 16, 2014

Royal Dutch Shell PLC has signed two separate deals that will enable it to exit its positions in the Haynesville shale and Pinedale field in exchange for $2.1 billion in cash and additional acreage in the Utica and Marcellus shales in Pennsylvania.

More-efficient rigs, better completions propel Marcellus production above 15 bcfd

Oct 16, 2014

Improvements in drilling and completion techniques, along with additions of regional pipeline and processing capacity, are expected to propel Marcellus shale production even higher in coming years.

Pioneer exits Barnett, to focus on Permian

Oct 16, 2014

Pioneer Natural Resources Co., Irving, Tex., has agreed to sell all of its Barnett shale assets in North Texas to an undisclosed private company for $155 million.

Denton fracing ban heads for Nov. ballot

Oct 16, 2014

The city council of Denton, Tex., has rejected a petition for a hydraulic fracturing ban, sending the proposal to a public ballot in November.

Southwestern Energy to acquire Marcellus, Utica assets for $5.375 billion

Oct 16, 2014

Southwestern Energy Co., Houston, has agreed to acquire assets in the southern Marcellus shale and a portion of the eastern Utica shale in West Virginia from Chesapeake Energy Corp., Oklahoma City, for 5.375 billion.

PNR head urges DOC to issue condensate export permits to others

Oct 15, 2014

The head of an independent oil and gas company that in late June received one of the first two federal approvals to export condensate urged the US Department of Commerce to begin issuing similar permits to other applicants.

ARM unit to build Bakken-Three Forks crude gathering system

Oct 15, 2014

Asset Risk Management’s wholly owned subsidiary ARM Midstream plans to build a crude oil gathering system in the Bakken shale and underlying Three Forks formation.

AMP acquires Costar Midstream for $470 million

Oct 15, 2014

American Midstream Partners LP (AMP), Denver, has acquired Costar Midstream LLC from Energy Spectrum Partners VI LP and Costar management for $470 million. The deal closed Oct. 14.

Mountaineer Keystone adds Marcellus assets

Oct 15, 2014

Mountaineer Keystone Energy LLC, Pittsburgh, has completed the acquisition of equity interests in PDC Mountaineer LLC, a 50-50 joint venture PDC Energy Inc. and Lime Rock Partners LLC with interests in the Marcellus shale, for a total of $500 million.

Study: EPA overlooks large methane sources

Oct 14, 2014

Methane inventories by the US Environmental Protection Agency, which underlie efforts to regulate emissions from hydraulic fracturing and other oil and gas work, overlook other, potentially larger sources of the greenhouse gas, a study by Los Alamos National Laboratory (LANL) suggests.

Exterran joins Woodford Express to build Oklahoma gas plant

Oct 14, 2014

Exterran Holdings, Houston, will join Woodford Express LLC, a subsidiary of Xplorer Midstream LLC, Oklahoma City, to build a 210-MMcfd natural gas processing plant at Woodford’s Grady County gas processing site in the south-central Oklahoma Oil Province shale play.

Daybreak advances Kentucky, California operations

Oct 13, 2014

Daybreak Oil & Gas Inc., Spokane, Wash., has advanced its operations in Kentucky and California.

Groups sue to block California refinery expansion

Oct 10, 2014

Environmental groups have petitioned a California superior court to stop Alon USA Energy Inc. from moving forward with a plan to expand existing receiving and processing options for North American shale light crude oils at its 70,000-b/d Bakersfield refinery.

BHI: Permian drives gains in weekly, yearly US rig count

Oct 10, 2014

The US drilling rig count gained 8 units to reach 1,930 rigs working during the week ended Oct. 10, driven in large part by growth in the Permian basin, Baker Hughes Inc. reported.

Meritage starts up gas plant to serve Powder River producers

Oct 9, 2014

Meritage Midstream Services II LLC, Denver, has started up a natural gas processing plant in Campbell Country, Wyo., to handle production from the Powder River basin.

Ember to acquire Clearwater assets for $605 Million (Can.)

Oct 8, 2014

Ember Resources Inc., Calgary, has agreed to acquire the majority of the Clearwater assets in southern and central Alberta belonging to Encana Corp. for $605 million (Can.).

Targa Resources adding processing for Permian, Williston production

Oct 8, 2014

Targa Resources Partners LP, Houston, will expand its natural gas gathering and processing capabilities in the Permian and Williston basins, the company has announced.

Williams CEO details regulatory hurdles, growth strategy

Oct 7, 2014

Crude oil and natural gas pipeline systems in the US are growing at a very rapid pace as new infrastructure is introduced in an effort to optimize utilization of shale resources. Williams Cos., Tulsa, is an active participant in this growth. Pres. and Chief Executive Officer Alan Armstrong talked with Oil & Gas Journal regarding regulation’s role in this process and Williams’s growth plans during the International Pipeline Conference last week in Calgary.

US refiners could process more light tight crudes, study finds

Oct 6, 2014

US refiners will have the capacity by 2020 to process 3.1-4.3 million b/d more of light, tight crude oil (LTC) than in fourth-quarter 2013, according to a Baker & O’Brien Inc. study commissioned by Consumers & Refiners United for Domestic Energy (CRUDE).

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