More Unconventional News

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.

Plains All American to expand Cactus pipeline takeaway capacity

Nov 25, 2014

Plains All American Pipeline LP (PAA) plans to provide additional pumps to increase the takeaway capacity of the Cactus pipeline in response to higher regional production forecasts and shipper demand.

Southcross completes acquisition of Eagle Ford pipeline system

Nov 24, 2014

Southcross Energy Partners LP, Dallas, has completed its acquisition of a natural gas gathering system in McMullen County, Tex.

North Dakota lawmakers mull Bakken crude regulations

Nov 24, 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.

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

Nov 24, 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.

BHI: Oklahoma, Cana Woodford lead gains in this week’s rig count

Nov 21, 2014

A week of mostly offsetting activity saw the US drilling rig count edged up a single unit to 1,929 rigs working during the week ended Nov. 21, Baker Hughes Inc. reported.

Navitas to build Eaglebine natural gas gathering pipeline

Nov 20, 2014

Navitas Midstream Partners LLC, The Woodlands, Tex., will build the La Bahia natural gas gathering system, including a 20-in. OD pipeline extending from the northern end of the Eagle Ford shale (Eaglebine) in Brazos County, Tex., to a 120-MMcfd cryogenic processing plant the company is building in Grimes County, Tex. Navitas expects the plant to enter service in mid-2015.

IHS: ‘Tight-oil test’ under way in US amid lower oil prices

Nov 20, 2014

The vast majority of potential US tight-oil production growth remains economical in the current crude oil price environment, according to a recent report by IHS. About 80% of potential gross US tight-oil capacity additions in 2015 would remain resilient at West Texas Intermediate prices dropped to $70/bbl, the report said.

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