More Unconventional News

Bakken production growth expected to slow as the play matures

Jun 10, 2014

Production growth from the Bakken tight oil formation is expected to moderate in the next 2 years as older wells decline and new wells strain to offset natural production declines, analysis by Wood Mackenzie Ltd. shows.

North Dakota regulators seek balance in flaring plan

Jun 10, 2014

North Dakota state regulators, industry members, and mineral owners all dislike seeing natural gas go up in flames in the Bakken shale.

MDU expands North Dakota presence with greenfield refinery

Jun 10, 2014

A greenfield refinery, an interstate gas pipeline, and production from the Bakken shale are just a few of the projects being pursued by MDU Resources Group Inc. in the rolling prairie of North Dakota.

Link strengthened between wastewater injection and Oklahoma earthquakes

Jun 10, 2014

New research suggests that a magnitude 5.7 earthquake that struck near Prague, Okla., in 2011 and led to hundreds of smaller aftershocks was triggered by a smaller quake, or foreshock, linked to wastewater injection wells near a known fault.

Statoil tackles Bakken flaring with innovation

Jun 10, 2014

Statoil North America Inc. is at the forefront of efforts to reduce flaring in the Bakken shale in North Dakota, pilot-testing a mobile system that converts associated gas into CNG at the wellsite.

CAPP eases outlook for Canadian oil output

Jun 10, 2014

Oil production in Canada will increase at an average rate of 175,000 b/d/year through 2030—but not to as high a level as was forecast a year ago, reports the Canadian Association of Petroleum Producers.

Halcon boosts Tuscaloosa Marine shale work

Jun 9, 2014

Halcon Resources Corp., Houston, plans this year to spud 10-12 operated wells in the Tuscaloosa Marine shale (TMS) and to participate in 15-20 other wells in the play. To support the work, it has signed a definitive agreement with affiliates of Apollo Global Management LLC (AGM), New York, for investment of as much as $400 million.

Washington refinery finds new owner

Jun 9, 2014

Global commodities logistics and trading firm TrailStone Group has acquired US Oil & Refining Co. (USOR), including the 42,000-b/d Tacoma, Wash., refinery, from Astra Transcor Energy NV, a subsidiary of Compagnie Nationale a Portefeuille SA, Belgium.

McClendon’s American Energy units to acquire acreage in major US basins

Jun 9, 2014

American Energy–Permian Basin LLC (AEPB), American Energy–Utica LLC (AEU), and American Energy-Marcellus LLC (AEM), all affiliates of Oklahoma City-based American Energy Partners LP (AEP), have each signed agreements to acquire acreage in the Permian, Utica, and Marcellus basins, respectively, in deals totaling $4.25 billion.

BHP exec: Shale success requires rethinking business approach

Jun 9, 2014

Big Oil can be successful in shale but it requires a relentless focus on improving productivity and an ability to be nimble, said Rod Skaufel, president of North American shale for Melbourne-based BHP Billiton.

Baker Hughes: US drilling rig count decreases to 1,860

Jun 6, 2014

The US drilling rig count dropped 6 units to 1,860 rigs working during the week ended June 6, Baker Hughes Inc. reported.

Range Resources ups capital budget on positive Marcellus results

Jun 6, 2014

Range Resources Corp., Ft. Worth, reported it will increase its capital budget for 2014 by $220 million to $1.52 billion, citing positive results in the Marcellus shale as the reason.

NGSA: US gas prices to feel slight upward pressure this summer

Jun 5, 2014

US natural gas likely will feel modest upward pressure this summer from levels a year earlier when Henry Hub prices averaged $3.77/MMbtu, the Natural Gas Supply Association said in its 2014 Outlook for Summer Gas, released June 4.

Fractionation to be added to Pennsylvania complex

Jun 5, 2014

MarkWest Energy Partners LP, Denver, and Energy & Minerals Group (EMG), Houston, will add fractionation capacity at their Hopedale complex in Harrison County, Ohio, to handle increasing NGL production from the Utica and Marcellus shales “under newly contracted commitments from numerous producers,” the companies said.

BHP exec: Shale success requires rethinking business approach

Jun 3, 2014

Big Oil can be successful in shale but it requires a relentless focus on improving productivity and an ability to be nimble, said Rod Skaufel, president of North American shale for Melbourne-based BHP Billiton.

Open seasons start for Eagle Ford pipeline

Jun 2, 2014

Victoria Express Pipeline LLC has opened a binding open season for long-term commitments of transportation of crude oil and condensate through a pipeline under construction in the Eagle Ford shale play of South Texas.

Det Norske to buy Marathon Oil’s Norway business for $2.7 billion

Jun 2, 2014

Det Norske Oljeselskap ASA has entered into a definitive agreement to acquire Marathon Oil Norge AS, a wholly owned subsidiary of Marathon Oil, for $2.7 billion, effective Jan. 1, 2014.

More Pennsylvania Marcellus processing starts up

Jun 2, 2014

MarkWest Energy Partners LP, Denver, has begun operations at its 120-MMcfd Bluestone II cryogenic gas processing plant, its 20,000-b/d C2+ fractionator, and its 32-mile C2 pipeline connecting to Mariner West.

Baker Hughes: US drilling rig count rises to 1,866

May 30, 2014

The US drilling rig count gained 9 units to reach 1,866 rigs working during the week ended May 30, Baker Hughes Inc. reported.

Total suspends work on Joslyn SAGD oil sands project

May 30, 2014

Total SA has reported it will suspend engineering and design work on the $11 billion (Can.) Joslyn Creek steam-assisted gravity drainage (SAGD) oil sands project, 60 km north of Fort McMurray in Alberta. The company said it will lay off 150 of the project’s staff.

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