More Unconventional News

Lone Star begins construction on third Mont Belvieu frac unit

Nov 6, 2014

Lone Star NGL LLC, a joint venture of Energy Transfer Partners LP (70%) and Regency Energy Partners LP (30%), both of Dallas, has begun construction of a third 100,000-b/d NGL fractionation unit at Mont Belvieu, Tex.

PNR, Reliance seek divestment of Eagle Ford midstream business

Nov 4, 2014

Pioneer Natural Resources Co. (PNR), Dallas, and Reliance Holding USA Inc. are pursuing the divestment of their Eagle Ford shale (EFS) Midstream business. PNR operates the business with 50.1% interest, and Reliance holds the remaining 49.9%.

GCA: Falling oil price to have uneven effect on US unconventional plays

Nov 4, 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 (GCA) 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.

PAA, EPP to expand Eagle Ford pipeline, build terminal

Nov 4, 2014

Plains All American Pipeline LP (PAA) and Enterprise Products Partners LP (EPP) are constructing a condensate gathering system into their Three Rivers, Tex., terminal and doubling the mainline capacity on the Eagle Ford joint venture pipeline from Three Rivers to Corpus Christi, Tex.

Canadian firms' 3Q results highlight oil sands, heavy oil production rise

Nov 4, 2014

Third-quarter financial and operating results included updates on several oil sands projects in Alberta.

WoodMac: High WCS-WTI price spread seen lingering

Nov 3, 2014

Growing production of Canadian heavy crude oil and problems delivering the new supply to distant markets will keep the discount of Western Canadian Select crude high against the West Texas Intermediate price, according to Wood Mackenzie.

Continental testing Springer shale potential

Nov 3, 2014

Four delineation wells operated by Continental Resources Inc. in Grady County, Okla., confirm potential of the Mississippian Springer shale in the South-Central Oklahoma Oil Play (SCOOP), says Chairman and Chief Executive Officer Harold G. Hamm.

New well-productivity data provide US shale potential insights

Nov 3, 2014

The US has 13 shale plays with major oil and gas resources. Two of them-Bakken and Eagle Ford-account for about 75% of the country's shale oil output

ETP’s Rover gas line reaches full 3.25 bcfd subscribed capacity

Oct 31, 2014

Energy Transfer Partners LP has fully subscribed its Rover pipeline to transport 3.25 bcfd of natural gas through 15- and 20-year fee-based contracts.

BHI: US rig count makes gains in Kansas, modest rise overall

Oct 31, 2014

The US drilling rig count edged up 2 units to reach 1,929 rigs working during the week ended Oct. 31, Baker Hughes Inc. reported.

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

Oct 31, 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.

AEP unit to acquire Wolfcamp acreage for $726 million

Oct 30, 2014

American Energy–Permian Basin LLC (AEPB), an affiliate of Oklahoma City-based American Energy Partners LP (AEP), has completed or entered into definitive agreements with multiple parties to acquire acreage in the Wolfcamp shale of the central Midland basin, primarily in Reagan County, Tex., for $726 million.

Report for API quantifies new technologies’ 2013 US economic benefits

Oct 30, 2014

Innovations in hydraulic fracturing and horizontal drilling that have driven the energy renaissance in the US were responsible for about 48% of the nation’s crude oil production and shaved as much as 94¢/gal off of fuel prices in 2013, according to a recent report commissioned by the American Petroleum Institute.

Induced seismicity research effort identifies information gaps

Oct 30, 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.

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

Oct 29, 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.

MARKET WATCH: NYMEX oil prices gain modestly pending inventory report

Oct 29, 2014

Crude oil prices for December delivery rose modestly on the New York market Oct. 27 pending the weekly government petroleum inventory report, which showed another gain in US oil supplies, and industry spokesmen discussed how low oil prices might slow tight-oil production.

Energy Transfer, Phillips 66 in pipeline JVs

Oct 29, 2014

Energy Transfer Equity LP, Energy Transfer Partners LP, and Phillips 66 have formed joint ventures to develop two crude oil pipelines that together will connect the Bakken/Three Forks play in North Dakota with the US Gulf Coast.

Oneok to acquire Permian NGL assets for $800 million

Oct 27, 2014

Oneok Partners LP, Tulsa, has agreed to acquire NGL pipelines and related assets in the Permian basin from affiliates of Chevron Corp. for $800 million. The deal is expected to close in the fourth quarter.

Continental, South Korean firm to jointly develop northwest Cana Woodford

Oct 27, 2014

Continental Resources Inc., Oklahoma City, has formed a joint venture with a wholly owned US subsidiary of SK E&S Co. Ltd. to jointly develop a significant portion of Continental’s northwest Cana Woodford natural gas assets, primarily in Blaine and Dewey counties, Okla.

Carrizo adds 6,820 net acres in Eagle Ford acquisition

Oct 27, 2014

Carrizo Oil & Gas Inc., Houston, has completed its acquisition of 6,820 net acres primarily in LaSalle, Atascosa, and McMullen counties, Tex., part of the Eagle Ford shale, from Eagle Ford Minerals LLC (EFM) for $250 million in cash.

Stay Connected