More Unconventional News

Fort Hills lets $1.3 billion contract for oil sands project

Sep 24, 2014

The Fort Hills Energy LP consortium has let a $1.3 billion engineering, procurement, fabrication, and construction contract to Fluor Corp. for the utilities scope of the Fort Hills oil sands mining project, 90 km north of Fort McMurray, Alta., in the Athabasca region.

Investors watch with interest as Mexican energy reforms unfold

Sep 23, 2014

Mexico is implementing key aspects of its energy reform more quickly than some observers had expected. So far this year, the country has passed 21 new and amended laws relating to the sector and selected the oil and gas fields that will be placed on the block in the country’s first competitive upstream bid round, set for mid-2015.

IHS: Unconventional supply chain industries support growing number of jobs, revenues

Sep 23, 2014

A diverse group of industries supporting unconventional oil and gas producers has reaped a large portion of the economic rewards from development of these previously untapped resources, highlights an IHS study released Sept. 23.

EIA: Higher Permian production, insufficient pipelines hike WTI oil hub spreads

Sep 23, 2014

Crude oil prices in the Permian basin at Midland, Tex., have been falling below similar crude priced at Cushing, Okla., due to increasing production in the area and insufficient pipeline systems to move the crude to refineries, according to an analysis of the US Energy Information Administration.

MarkWest, Ohio Gathering to provide Utica gas services to American Energy unit

Sep 23, 2014

MarkWest Utica EMG LLC, a joint venture of MarkWest Energy Partners LP and The Energy & Minerals Group, and Ohio Gathering Co. LLC, a joint venture of MarkWest Utica EMG and Summit Midstream Partners LLC, have agreed to provide natural gas gathering, processing, and fractionation services in the Utica shale in Ohio to American Energy–Utica LLC (AEU).

WoodMac: EOR could boost US tight oil output 3 million b/d by 2030

Sep 23, 2014

Additional volumes from enhanced oil recovery (EOR) slated to come on stream after 2020 could boost tight oil production in the US by 1.5-3 million b/d by 2030, up to 25% more oil than is being forecasted today, according to analysis from Wood Mackenzie.

Total to sell Utica midstream assets to Korean firms

Sep 23, 2014

Total SA affiliate Total E&P USA has agreed to sell its 25% interest in Cardinal Gas Services LLC, a midstream company in Ohio’s Utica shale, to E1 Corp. and a consortium led by Samchully, both from South Korea, for $400 million plus an estimated price adjustment of $50 million.

Oneok to add gas processing, transportation in North Dakota, Wyoming

Sep 22, 2014

Oneok Partners LP, Tulsa, reported on plans to invest $480-680 million between now and the end of third-quarter 2016 to construct natural gas processing facilities and related systems in North Dakota and Wyoming.

Range agrees to pay $4.15 million to settle Pennsylvania DEP charges

Sep 22, 2014

Range Resources Corp., Fort Worth, has agreed to pay a $4.15 million fine, close five impoundments, and upgrade two others at its Washington County operations, Pennsylvania’s Department of Environmental Protection (DEP) reported. The fine is the biggest against an oil and gas producer in the state’s shale drilling era, the agency said on Sept. 18.

Templar completes purchase of Granite Wash assets

Sep 22, 2014

Templar Energy LLC, Oklahoma City, has completed its acquisition of Granite Wash assets from Houston-based Newfield Exploration Co. for $588 million.

AAPG ICE: Seismic reprocessing enhances potential for Russia's legacy basins

Sep 22, 2014

Russia's Precaucus and Uralian Foreland basins are the oldest and most developed oil and gas producing regions in the country. As the "birthplace" of Russia's oil industry, the Precaucus was first developed in the late 19th century.

AAPG ICE: ExxonMobil outlines international approach to unconventional development

Sep 22, 2014

Global energy demand is expected to increase 35% to 2040, translating to 120 billion boe/year, or nearly 350 million boe/d, stated Rocky Becker, vice-president, Europe-Caspian-Russia at ExxonMobil Exploration Co.

Study finds bad well construction, not fracing, fouled water wells

Sep 22, 2014

Fugitive methane found in water wells above the Marcellus and Barnett shales came from poor well construction, not hydraulic fracturing, a study the National Academy of Sciences released on Sept. 15 concluded.

BHI: US drilling rig count holds steady at 1,931

Sep 19, 2014

The US drilling rig count was unchanged at 1,931 rigs working during the week ended Sept. 19, Baker Hughes Inc. reported.

Cenovus starts production from Phase F at Foster Creek oil sands project

Sep 19, 2014

Cenovus Energy Inc., Calgary, started oil production earlier this month at its recently completed Phase F expansion at its Foster Creek oil sands project in western Canada. Phase F is expected to add 30,000 b/d of capacity, with production ramping up over the next 12-18 months.

Andora Sawn Lake SAGD pilot begins bitumen production

Sep 18, 2014

Andora Energy Corp. has recompleted its pilot steam-assisted gravity drainage (SAGD) well in Sawn Lake, Alta., and expects a stable bitumen production rate and steam oil ratio over the next 2 months.

Continental appoints president, chief operating officer

Sep 18, 2014

Continental Resources Inc., Oklahoma City, has named Jack Stark as president and chief operating officer. He succeeds W.F. Bott, who stepped down from the position last week.

AAPG ICE: Seismic reprocessing enhances potential for Russia’s legacy basins

Sep 17, 2014

Russia’s Precaucus and Uralian Foreland basins are the oldest and most developed oil and gas producing regions in the country. As the “birthplace” of Russia’s oil industry, the Precaucus was first developed in the late 19th century. Production improved rapidly after 1920 and entered steep decline after 1970.

Bill Barrett to divest Powder River, Piceance properties

Sep 16, 2014

Bill Barrett Corp., Denver, reported that it has agreed with several undisclosed buyers to sell the majority of its Powder River basin acreage and remaining position in the Gibson Gulch natural gas program in Colorado’s Piceance basin in deals totaling $757 million.

API official calls for end to nearly 6-year Keystone XL permit delay

Sep 16, 2014

Three days before the sixth anniversary of TransCanada Corp.’s original filing for presidential approval of the proposed Keystone XL crude oil pipeline’s cross-border permit application, an American Petroleum Institute official said the Obama administration is catering to a small minority at the expense of the US national interest and the wishes of the vast majority of ordinary Americans.

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