More Unconventional News

Baker Hughes: US drilling rig count drops to 1,803

Mar 21, 2014

After consecutive weeks of significant gains, the US drilling rig count lost 6 units to 1,803 rigs working during the week ended Mar. 21, Baker Hughes Inc. reported.

Second small diesel refinery planned for North Dakota

Mar 21, 2014

Quantum Energy Inc. (QEI), Tempe, Ariz., said it has secured land for the construction of a 20,000-b/d grassroots hydroskimming refinery in North Dakota’s Williston basin Bakken shale region.

Cenovus gets AER approval for Grand Rapids oil sands project

Mar 21, 2014

Cenovus Energy Inc. reported that it has received approval from the Alberta Energy Regulator (AER) for its wholly owned Grand Rapids thermal oil sands project 300 km north of Edmonton in the company’s Greater Pelican Region in northern Alberta.

Ivanhoe halts Tamarack oil sands project citing lack of regulatory ‘clarity’

Mar 18, 2014

Ivanhoe Energy Inc. has suspended activity on its Tamarack oil sands project pending approval for its thermal oil sands application from the government of Alberta.

Hiland looks to expand Bakken crude pipeline

Mar 18, 2014

Hiland Crude LLC has launched an open season to solicit shipper interest for crude oil transportation on an expanded version of its Double H Pipeline, currently under construction in the Bakken shale. An initial open season in 2012 filled its 50,000 b/d base capacity.

Baker Hughes: US drilling rig count jumps to 1,809

Mar 14, 2014

The US drilling rig count increased 17 units to 1,809 rigs working during the week ended Mar. 14, Baker Hughes Inc. reported. The 40-unit rise over the past 2 weeks has enabled the US the eclipse the 1,800 mark for the first time since December 2012.

Progress expands BC assets in deals totaling $1.5 billion (Can.)

Mar 13, 2014

Progress Energy Canada Ltd., a subsidiary of Malaysia’s state-owned Petronas, has closed on its acquisition of assets in northeastern British Columbia from Talisman Energy Inc. In addition, Progress will purchase Montney lands in the Julienne area, also in the northeastern part of that province.

New York county puts freeze on Bakken crude

Mar 12, 2014

Government officials in Albany County, NY, have issued a moratorium on Global Partners LP’s plans to increase the processing of Bakken crude oil at the Port of Albany pending a public health investigation by the county’s health department.

EIA: Harsh winter affected US heating expenditures, oil production

Mar 11, 2014

Worldwide liquids fuels consumption will increased by 1.2 million b/d this year and by 1.4 million b/d in 2015, according to the latest outlook from the US Energy Information Administration. In last month’s Short-Term Energy Outlook (STEO), EIA projected that global oil demand would climb by 1.3 million b/d in 2014 and 1.4 million b/d in 2015.

CAPP: Emissions monitoring Continues in Alberta oil sands

Mar 10, 2014

Alberta's oil sands producers have monitored emissions for potential public health impacts with the province's government for a while, the Canadian Association of Petroleum Producers said.

Devon, Crosstex complete merger of midstream assets

Mar 7, 2014

Devon Energy Corp., Oklahoma City, and Crosstex Energy LP, Dallas, have completed the merger of their midstream assets to form general partner EnLink Midstream LLC and master limited partnership EnLink Midstream Partners LP. A definitive agreement on the deal was signed in October 2013.

Enbridge receives NEB approval for Line 9B reversal

Mar 7, 2014

Enbridge Pipelines Inc. received permission from Canada’s National Energy Board to proceed with its Line 9B Reversal and Line 9 Capacity Expansion project. NEB approved the project with conditions, allowing Enbridge to operate all of Line 9 in an eastward direction, moving crude from western Canada and the US Bakken shale to refineries in Ontario and Quebec.

Baker Hughes: US drilling rig count spikes to 1,792

Mar 7, 2014

The US drilling rig count jumped 23 units to 1,792 rigs working during the week ended Mar. 7, Baker Hughes Inc. reported.

Southwestern Energy to acquire Niobrara acreage for liquids-rich play

Mar 7, 2014

Southwestern Energy Co., Houston, has agreed to purchase 312,000 net acres in northwest Colorado targeting oil, natural gas liquids, and natural gas in the Niobrara shale play, the company reported. Southwestern will acquire the land from Quicksilver Resources Inc. and Swepi LP, a unit of Royal Dutch Shell PLC, for $180 million.

Keystone XL national interest comments deadline approaches

Mar 6, 2014

Groups on both sides said support has grown for their positions as the US Department of State’s Mar. 7 deadline approached for comments on whether the proposed Keystone XL crude oil pipeline is in the nation’s best interest.

YPF to add 10 rigs to Vaca Muerta play

Mar 5, 2014

YPF SA has signed contracts with Helmerich & Payne Inc., Tulsa, for 10 existing drilling rigs to work in the Vaca Muerta shale play in the Nequen basin of Argentina.

IHS CERAWeek: Shale gas gives US competitive advantages

Mar 5, 2014

The US holds ample reserves of natural gas to help supply rising world gas demand, particularly for gas-fired electric power generation in Asia, speakers told the IHS CERAWeek energy conference during the Mar. 5 opening gas keynote speech and the global gas plenary.

CAPP: Emissions monitoring continues in Alberta oil sands

Mar 4, 2014

Alberta’s oil sands producers have monitored emissions for potential public health impacts with the province’s government for some time, the Canadian Association of Petroleum Producers said.

BP to split off US onshore oil, gas business

Mar 4, 2014

BP PLC has reported plans to establish a separate business to manage its onshore oil and gas assets in the US Lower 48. BP currently oversees its Lower 48 onshore assets through its Houston-based North America Gas group.

The next Eagle Ford

Mar 3, 2014

The Eagle Ford shale is one of the largest oil fields in the US and quite possibly the largest single economic development in the history of Texas.

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