More Unconventional News

The price signal

Apr 13, 2015

Price, as everyone knows, represents a signal to buyers and sellers about conditions in the oil market. It's information that guides behavior.

BHI: US rig count falls under 1,000 for first time since 2009

Apr 10, 2015

After noticeably slowed declines over the previous 2 weeks, the US drilling rig count fell 40 units to 988 rigs working during the week ended Apr. 10, settling under 1,000 for the first time since Sept. 11, 2009, according to data from Baker Hughes Inc.

Virginia taskforce says oil train safety largely up to federal officials

Apr 10, 2015

A Virginia Railroad Safety and Security Task Force issued a draft report saying rail safety issues are largely up to the US government to address. The taskforce was formed in response to an Apr. 30, 2014, derailment of a train carrying crude oil from the Bakken formation to York County, Va.

Flint Hills advances Texas refinery expansion

Apr 10, 2015

Flint Hills Resources, a unit of Koch Industries Inc., has let a contract to KBR Inc., Houston, for work related to Project Eagle Ford (PEF), a $600 million project designed to increase processing capabilities for US light crude oil production at its 230,000-b/d West refinery in Corpus Christi, Tex.

PGC report: US gas resource base reaches a record 2,515 tcf

Apr 8, 2015

Unconventional natural gas production is proving to be more durable than many people expected, officials said as the Potential Gas Committee released its 2014 yearend report indicating that the US has a record 2,515 tcf technically recoverable gas resource base.

Williams to buy more of Utica East

Apr 6, 2015

Williams Partners LP agreed to buy an additional 21% interest in Utica East Ohio Midstream LLC from EV Energy Partners LP for $575 million.

BHI: US rig count decline slows; production increases

Apr 2, 2015

The US drilling rig count dropped 20 units—with just slightly more than half targeting oil—to settle at 1,028 rigs working during the shortened week ended Apr. 2, according to data from Baker Hughes Inc.

North Dakota joins Wyoming in lawsuit challenging federal fracing rule

Apr 1, 2015

The North Dakota Industrial Commission has voted to join Wyoming in a lawsuit challenging a new rule issued by the US Department of the Interior’s Bureau of Land Management, which includes requirements for publicly disclosing chemicals using in hydraulic fracturing.

Australian coalbed methane fields can yield lessons for US shale producers

Apr 1, 2015

The rapid growth in unconventional fuels–ranging from shale oil and gas to coalbed methane–has dramatically increased the complexity of field development and production management.

Veresen Midstream completes acquisition of Montney assets

Apr 1, 2015

Veresen Midstream LP has completed its acquisition of certain natural gas gathering and compression assets supporting development in the Montney area of northeastern British Columbia from Encana Corp. and Cutbank Ridge Partnership for $461 million (Can.).

OOGA focused on developing more markets for Utica gas

Apr 1, 2015

The development of markets for Utica gas is a priority for recently appointed Ohio Oil and Gas Association’s Executive Vice-President Shawn Bennett.

Antero delays Marcellus well completions, stays highly hedged

Apr 1, 2015

Antero Resources Corp. of Denver is slowing completions this year after placing 415 horizontal wells total on stream in the Marcellus and Utica shale plays since 2009, and the company calls itself among the most highly hedged US exploration and production companies currently.

Marathon moving forward with Cornerstone pipeline

Apr 1, 2015

Marathon Pipe Line LLC (MPL) and Ohio River Pipe Line LLC (ORPL) launched a binding open season to assess interest and solicit shipper commitments for transportation service on the proposed Cornerstone pipeline and associated Utica shale build-out projects earlier this year.

Private equity firm to finance gas-fired power plant

Apr 1, 2015

Panda Power Funds agreed to jointly develop a 1,000-Mw Pennsylvania power project that will use natural gas from the Marcellus shale, the Dallas private equity firm announced.

Gov. Wolf says state forests, parks off limits to new drilling

Apr 1, 2015

Pennsylvania Gov. Tom Wolf (D) signed an executive order reinstating a moratorium on new drilling leases on state forests and parks.

Pennsylvania governor proposes natural gas severance tax

Apr 1, 2015

Pennsylvania Gov. Tom Wolf (D) outlined a proposed $29.9 billion budget on Mar. 3 that would involve $2.5 billion of net tax increases for fiscal 2016, including a 5% severance tax on natural gas.

Deloitte: Low prices provide incentive for improved efficiencies

Apr 1, 2015

Oil and gas companies are learning how to operate more efficiently given recent low oil prices, Deloitte LLP speakers told a February media briefing in Houston, noting that tight refining profit margins previously forced the downstream industry to learn this.

Marcellus Briefs

Mar 31, 2015

Private equity options during oil price downturn

Mar 31, 2015

The precipitous drop in crude oil prices since June 2014 has left many growth-stage upstream oil and gas companies requiring new equity investment in order to fund exploration of shale play prospects and existing drilling programs.

Seismic activity linked to injection wells may vary by region

Mar 31, 2015

The US portion of the Williston basin produced fewer earthquakes caused by wastewater injection than basins in Texas, University of Texas at Austin researchers found.

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