More Unconventional News

Lagging pipelines create US gulf light sweet crude glut

Mar 3, 2014

North American pipeline capacity did not adapt quickly enough to rapidly growing crude oil production, resulting in supply bottlenecks. Now that a build-out is under way, a glut of light sweet crude will likely emerge on the US Gulf Coast.

HAYNESVILLE UPDATE—4: Haynesville outlook hinges on gas price

Mar 3, 2014

The future of Haynesville production is unforeseeable, yet trends can be postulated for a range of drilling scenarios.

Devon completes $6 billion purchase of Eagle Ford assets

Feb 28, 2014

Devon Energy Corp., Oklahoma City, has completed its $6 billion purchase of 82,000 net acres in the Eagle Ford play from Woodlands, Tex.-based GeoSouthern Energy more than 3 months after the agreement was reported.

Baker Hughes: US drilling rig count edges down to 1,769

Feb 28, 2014

The US drilling rig count gave up 2 units to settle at 1,769 rigs working during the week ended Feb. 28, Baker Hughes Inc. reported.

Warrego Energy signs farmout for tight gas field

Feb 28, 2014

Warrego Energy Ltd., Perth, has signed a $40 million (Aus.) farmout agreement with Dutch exploration and production specialists Dyas BV and Mazarine Energy BV to bring technical expertise to development of the West Erregulla tight gas field in the onshore North Perth basin in Western Australia.

Williams Partners to buy Canadian assets from Williams for $1.2 billion

Feb 27, 2014

Williams Partners LP, Tulsa, has agreed to acquire Williams Cos. Inc.’s Alberta operations for $1.2 billion. The transaction is expected to close Feb. 28. Williams currently owns 64% of Williams Partners, including general partner interest.

Grizzly Oil Sands begins SAGD production at Algar Lake

Feb 27, 2014

Grizzly Oil Sands ULC, Calgary, has begun steam injection at its Algar Lake project in Alberta. The company said oil production “is evident in steam circulation fluids.”

DOT emergency order covers Bakken crude transportation by rail

Feb 26, 2014

The US Department of Transportation issued an emergency order requiring shippers to test Bakken crude oil to ensure it is properly classified before being transported by rail. The Feb. 25 order also prohibits transportation of crude in the lowest-strength packing group.

Baker Hughes: US drilling rig count up to 1,771

Feb 21, 2014

The US drilling rig count was up 7 units to 1,771 rigs working during the week ended Feb. 21, Baker Hughes Inc. reported.

ExxonMobil replaces 103% of 2013 production

Feb 21, 2014

ExxonMobil Corp. replaced 103% of its oil and natural gas production last year with additions to reserves, mostly of crude oil and other liquids.

Moniz wants closer look at methane emissions across gas system

Feb 19, 2014

US Energy Secretary Ernest G. Moniz called for more scrutiny of methane emissions from natural gas operations beyond exploration and production.

Crude exports would reduce US gasoline prices, RFF paper suggests

Feb 19, 2014

US crude oil exports would lead to more efficient use of the country’s refineries, resulting in more gasoline and lower prices, a Resources for the Future issue brief concluded.

CSIS speaker: Community benefits are key to next US gas phase

Feb 19, 2014

Communities should be able to continuously share economic benefits from increasing US tight oil and shale gas production, experts said.

Industry urged to change hydraulic fracturing ‘conversation’

Feb 18, 2014

The oil and gas industry needs to change the conversation about hydraulic fracturing by engaging with the public to demystify the process and highlighting efforts to reduce the environmental footprints of drilling and completion.

GeoMet finds buyer for Appalachian CBM assets

Feb 17, 2014

GeoMet Inc., Houston, has agreed to sell its coalbed methane interests and other assets in the Appalachian basin to ARP Mountaineer Productions LLC, a wholly-owned subsidiary of Atlas Resource Partners LP, for $107 million.

IHS: Canada's oil sands an economic boon for jobs

Feb 17, 2014

Oil sands production is responsible for significantly boosting Canada's jobs, economic growth, and government revenue, according to IHS CERA Oil Sands Dialogue study, "Oil Sands Economic Benefits: Today and in the Future."

Baker Hughes: US drilling rig count declines to 1,764

Feb 14, 2014

The US drilling rig count dropped 7 units to 1,764 rigs working during the week ended Feb. 14, Baker Hughes Inc. reported.

Magnum Hunter finds Utica gas

Feb 14, 2014

Magnum Hunter Resources Corp. (MHR), Houston, has reported a dry gas discovery on its first Utica shale well. The Stalder No. 3UH had peak production of 32.5 MMcfd on an adjustable choke with 4,300 psi.

Matador provides Permian, Eagle Ford operations update

Feb 13, 2014

Matador Resources Co., Dallas, has provided an update for its operations in the Permian and Eagle Ford basins.

EPA issues revised guidance for fracing with diesel

Feb 12, 2014

The US Environmental Protection Agency released revised underground injection control (UIC) program permitting guidance for wells which use diesel fuel during hydraulic fracturing activities. The regulation is expected to have minimal impact since the great majority of domestic oil and gas unconventional production has relied on other frac fluid ingredients for several years.

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