More Unconventional News

Howard Energy proposes gas pipeline linking S. Texas to Mexico

Jun 24, 2015

Howard Midstream Energy Partners LLC plans to develop a 200-mile, 30-in. OD natural gas pipeline connecting its existing Webb County Hub in South Texas to Escobedo, Nuevo Leon, Mexico, and the Mexican National Pipeline System in Monterrey.

State approves Shell’s plan for US Appalachian ethylene plant

Jun 23, 2015

Pennsylvania’s Department of Environmental Protection (DEP) has approved a permit allowing Royal Dutch Shell PLC subsidiary Shell Chemical LP to proceed with its plan to build a petrochemical complex in Beaver County, Pa., that will produce ethylene and polyethylene (PE) from Marcellus shale ethane.

Hess, GIP form Bakken midstream joint venture in $2.675-billion deal

Jun 22, 2015

Global Infrastructure Partners (GIP), an independent infrastructure fund manager, has agreed to acquire 50% interest in Bakken shale midstream assets belonging to Hess Corp. for $2.675 billion in cash.

Study outlines policy strategy for unconventional development

Jun 22, 2015

Unconventional oil and gas presents perhaps the single largest opportunity to improve the trajectory of the US economy, according to a report released by Harvard University Business School (HBS) and Boston Consulting Group Inc. (BCG).

CAPP: Canadian production to reach 5.3 million b/d by 2030

Jun 22, 2015

The Canadian Association of Petroleum Producers (CAPP) estimates production of Canadian oil will increase 43% over 16 years to 5.3 million b/d by 2030 compared with 3.7 million b/d in 2014.

WoodMac: Western Canadian liquids production on upward trajectory starting in 2016

Jun 19, 2015

Wood Mackenzie Ltd. believes the economics of core areas within shale plays in western Canada will yield comparable returns to key producing plays in the US Lower 48.

ExxonMobil begins Kearl oil sands production

Jun 16, 2015

ExxonMobil Corp. has begun bitumen production at its Kearl oil sands expansion project in Alberta. The company expects output to reach 110,000 b/d, doubling previous Kearl production.

Merged Houston oil and gas firm skips interest payment

Jun 15, 2015

Sabine Oil & Gas Corp., Houston, which drills for oil and gas in Texas and Louisiana, has decided to skip a $21 million interest payment and enter a 30-day grace period to either make the payment or slip into a debt default.

SPE Conference: Heavy oil development requires long-term view, incoming president says

Jun 15, 2015

Speaking to a half-empty auditorium that reflected the tough economic environment of the North American onshore market, Janeen Judah, incoming president of the Society of Petroleum Engineers, addressed attendees June 10 at SPE Canada Heavy Oil Technical Conference in Calgary about the problems facing heavy oil.

BHI: US rig count continues fall in 27th straight week

Jun 12, 2015

The US drilling rig count declined 9 units during the week ended June 12 to settle at 859 rigs working, according to data from Baker Hughes Inc.

IHS: Eagle Ford companies schedule wedge production

Jun 12, 2015

Producers working in the South Texas Eagle Ford shale had built an inventory of nearly 1,400 drilled but uncompleted wells (DUC) as of Apr. 10, and IHS researchers said DUCs provide an economic strategy during the oil price downturn for many operators.

Texas Legislature, Gov. Abbott limit municipal control over fracturing

Jun 12, 2015

Texas Gov. Greg Abbott has signed a bill to prevent municipalities from banning hydraulic fracturing in a move that was expected after the city of Denton last year approved a referendum to prohibit fracturing within Denton city limits.

Whiting reports high IP rates from Bakken, Three Forks

Jun 12, 2015

Whiting Petroleum Corp. reported some of industry's top initial production rates from both the Bakken and Three Forks formations in the Willison basin where the company controls 774,000 net acres and has identified more than 7,500 potential gross drill sites.

Study: Pennsylvania gas severance tax would reduce Marcellus horizontal drilling

Jun 12, 2015

A proposed natural gas severance tax in Pennsylvania would have negative economic consecutives, reducing the number of horizontal gas wells drilled and increasing job losses, said a Natural Resource Economics Inc., study released by the Associated Petroleum Industries of Pennsylvania (API-PA).

RJA: US rig count recovery will be led by three core unconventional plays

Jun 12, 2015

Raymond James & Associates revised its US rig count forecast, noting it expects a 2016 recovery will be disproportionately weighed toward horizontal drilling units in three shale plays: the Permian, Eagle Ford, and Bakken.

US Forest Service agrees to add a map to White River National Forest leasing plan, rejects most objections

Jun 12, 2015

A US Forest Service official rejected most objections raised by various groups regarding USFS's draft oil and gas leasing decision for the White River National Forest in western Colorado although Encana Corp. of Calgary was successful in its request to get a map included in the final decision.

Statoil lets carbon dioxide contract for Bakken pilot

Jun 12, 2015

Statoil has let a major carbon dioxide supply and service agreement to Ferus LP of Denver to supply liquid CO2 to be used in a test well to evaluate potential production uplift and partially replace water in a large multistage hydraulic fracturing operation in a horizontal oil well.

Study outlines policy strategy for unconventional development

Jun 12, 2015

Unconventional oil and gas presents perhaps the single largest opportunity to improve the trajectory of the US economy, according to a report released by Harvard University Business School (HBS) and Boston Consulting Group Inc. (BCG).

Colorado briefs

Jun 11, 2015

CAPP: Canadian production to reach 5.3 million b/d by 2030

Jun 11, 2015

The Canadian Association of Petroleum Producers (CAPP) estimates production of Canadian oil will increase 43% over 16 years to 5.3 million b/d by 2030 compared with 3.7 million b/d in 2014.

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