More Unconventional News

Leadership named for Oxy California independent spinoff

Jul 10, 2014

Occidental Petroleum Corp. has appointed Todd A. Stevens as president and chief executive officer and William E. Albrecht as executive chairman of its independent spinoff California Resources Corp. (CRC).

API releases unconventional production community engagement standard

Jul 9, 2014

The American Petroleum Institute issued a new standard specifically aimed at effectively engaging with US communities affected by exploration and development of unconventional oil and gas resources. ANSI-API Bulletin 100-3 emerged following 3 years of meetings and discussions with producers, community leaders, state regulators, property owners and other stakeholders, API Standards Director David Miller said.

KKR, Riverstone to form Barnett-focused Trinity River Energy

Jul 9, 2014

Kohlberg Kravis Roberts & Co. LP (KKR) and Riverstone Holdings LLC have signed a definitive agreement to combine the existing assets held by KKR Natural Resources Funds with the assets of Legend Production Holdings LLC, a Riverstone company, to create a Fort Worth-based oil and gas company named Trinity River Energy LLC.

Suncor, GE aim to reduce GHG emissions, water usage in oil sands

Jul 9, 2014

Suncor Energy Inc., Calgary, and GE have signed two agreements that aim to reduce greenhouse gas (GHG) emissions and water usage in the oil sands.

EIA: Low-permeability formations driving Permian oil production surge

Jul 9, 2014

Crude oil production in the Permian basin has increased to 1.35 million b/d in 2013 from 850,000 b/d in 2007. Since March 2013, the Permian basin has become the largest crude oil producing region in the US, with production exceeding that from the federal offshore Gulf of Mexico region. In 2013, the Permian basin’s production accounted for 18% of total US crude oil production, said the US Energy Information Administration.

Warren Resources to enter Marcellus with assets purchase

Jul 7, 2014

Warren Resources Inc., New York, has agreed to acquire the Marcellus assets of Citrus Energy Corp., Castle Rock, Colo., along with two additional working interest owners for $352.5 million, effective July 1.

Baker Hughes: US drilling rig count edges up to 1,874

Jul 3, 2014

The US drilling rig count edged up 1 unit to 1,874 rigs working during the abbreviated week ended July 3, Baker Hughes Inc. reported.

Chile looking to gas to meet energy demand, energy minister says

Jul 2, 2014

Chile is focusing most of its attention on natural gas to meet the country’s energy demand challenges, stated Maximo Pacheco Matte, the newly appointed Minister of Energy, during a July 2 panel discussion in Houston.

Ergon plans processing expansions in Appalachian basin

Jul 2, 2014

Ergon Inc., Jackson, Miss., has announced plans to expand processing capabilities of its subsidiaries’ operations in the Appalachian basin to support growing condensate and NGL production from the Marcellus and Utica shale regions.

North Dakota gives teeth to flaring reduction plan

Jul 2, 2014

North Dakota operators that fail to meet the state’s flaring reduction targets may soon be forced to curtail oil production from wells targeting the Bakken and Three Forks formations, according to an order issued July 1 by state regulators.

EIA: Texas, N. Dakota provided nearly half of US crude production in April

Jul 1, 2014

Crude oil production in the US during April totaled 8.4 million b/d, with Texas and North Dakota accounting for 4 million b/d, according to data from the US Energy Information Administration's Petroleum Supply Monthly Report.

Hawkwood acquires East Texas interests

Jul 1, 2014

Hawkwood Energy LLC, Denver, has entered the Eagle Ford and Woodbine plays of East Texas with two acquisitions.

AFPM’s Drevna says more clarity needed on future condensate exports

Jun 30, 2014

The oil and gas industry awaits greater clarification from the US Department of Commerce’s Bureau of Industry and Security (BIS), which recently issued private rulings for two companies concerning condensate specifications and possible exports.

Linn to purchase acreage from Devon for $2.3 billion

Jun 30, 2014

Linn Energy LLC, Houston, has agreed to acquire assets in five US operating areas from Devon Energy Corp., Oklahoma City, for $2.3 billion, effective Apr. 1.

Statoil reports fire at Ohio well pad now extinguished

Jun 30, 2014

A fire reported by Statoil ASA on June 28 at the company’s Eisenbarth well pad in Monroe County, Ohio, has been extinguished.

Baker Hughes: US drilling rig count jumps to 1,873

Jun 27, 2014

The US drilling rig count jumped 15 units to 1,873 rigs working during the week ended June 27, Baker Hughes Inc. reported.

Starfish start-up could ease Trinidad and Tobago’s tight gas supplies

Jun 27, 2014

Trinidad and Tobago’s tight natural gas supply could be eased within the next 4 months with the startup of 300 MMscfd of gas from BG Group’s Starfish development. BG Group said the project, which involves the drilling of four subsea wells and a 10-km subsea tieback to the Dolphin A platform, is on schedule for this year’s fourth quarter.

QEP Resources moves ahead with midstream spinoff

Jun 27, 2014

QEP Resources Inc., Denver, has filed a Form 10 registration statement for the tax-free spinoff of wholly owned, midstream subsidiary QEP Field Services Co. (QEPFS) into a separate publicly traded company to be named Entrada Midstream Inc.

Comstock reports Eagle Ford shale well results

Jun 26, 2014

Comstock Resources Inc., Frisco, Tex., reported successful results of its first well drilled in its East Texas extension of the Eagle Ford shale in Burleson County, Tex.

Dow advances Oyster Creek complex expansion, upgrade

Jun 26, 2014

Dow Chemical Co. will begin construction on the previously announced ethylene production expansion and upgrade project at its Oyster Creek complex in Freeport, Tex., on June 30, the company said.

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