More Unconventional News

Induced seismicity research effort identifies information gaps

Nov 10, 2014

A federally coordinated effort to determine whether oil and gas activities are related to growing reports of induced seismic activity has identified several information gaps that need to be closed, speakers said during an Oct. 30 briefing at the US Energy Association.

Bear Head LNG applies for NEB export license

Nov 7, 2014

Bear Head LNG Corp., a wholly owned subsidiary of Liquefied Natural Gas Ltd. (LNGL), filed an application with Canada’s National Energy Board (NEB) to export as much as 12 million tonnes/year (tpy) of LNG. The application also seeks a license to import as much as 503 bcf/year of natural gas from the US.

Sunoco Logistics to move ahead with Mariner East 2 NGL pipeline

Nov 7, 2014

Sunoco Logistics Partners LP, Philadelphia, reported receiving sufficient binding commitments from shippers to move ahead with its Sunoco Pipeline LP subsidiary’s $2.5-billion investment in the Mariner East 2 natural gas liquids pipeline project.

BHI: US rig count down slightly during October, past week

Nov 7, 2014

The US drilling rig count dropped 4 units to settle at 1,925 rigs working during the week ended Nov. 7, Baker Hughes Inc. reported.

Shell inks deal for US Appalachian petrochemical project location

Nov 7, 2014

Shell Chemical LP, a subsidiary of Royal Dutch Shell PLC, is moving forward with plans to purchase land near Monaca, Pa., for a proposed petrochemical complex that would process ethane from natural gas produced from the Marcellus shale.

Better transportation seen as key to North American energy promise

Nov 7, 2014

Significant transportation improvements will be essential for North America to fully realize its dramatically brighter oil and gas future, speakers agreed during a Nov. 6 discussion at the Woodrow Wilson International Center for Scholars.

ETP to build plants, expand gathering for Eagle Ford, Eaglebine production

Nov 6, 2014

Energy Transfer Partners LP (ETP), Dallas, has reached long-term gas gathering and processing agreements with producers in the Eagle Ford in South Texas and Eaglebine in southeast Texas.

PAA to buy BridgeTex interest from Oxy in $1.075 billion deal

Nov 6, 2014

Plains All American Pipeline LP (PAA) and Plains GP Holdings LP have signed an agreement with Occidental Petroleum Corp. to purchase Oxy’s 50% interest in BridgeTex Pipeline Co. LLC for $1.075 billion.

Lone Star begins construction on third Mont Belvieu frac unit

Nov 6, 2014

Lone Star NGL LLC, a joint venture of Energy Transfer Partners LP (70%) and Regency Energy Partners LP (30%), both of Dallas, has begun construction of a third 100,000-b/d NGL fractionation unit at Mont Belvieu, Tex.

PNR, Reliance seek divestment of Eagle Ford midstream business

Nov 4, 2014

Pioneer Natural Resources Co. (PNR), Dallas, and Reliance Holding USA Inc. are pursuing the divestment of their Eagle Ford shale (EFS) Midstream business. PNR operates the business with 50.1% interest, and Reliance holds the remaining 49.9%.

GCA: Falling oil price to have uneven effect on US unconventional plays

Nov 4, 2014

Falling oil prices will have an uneven effect across US unconventional plays based on the qualities of reservoirs within any given play, Gaffney Cline & Associates (GCA) said in a recent report, noting there exists a complex relationship between the pace of shale production and falling futures prices for light, sweet crude oil.

PAA, EPP to expand Eagle Ford pipeline, build terminal

Nov 4, 2014

Plains All American Pipeline LP (PAA) and Enterprise Products Partners LP (EPP) are constructing a condensate gathering system into their Three Rivers, Tex., terminal and doubling the mainline capacity on the Eagle Ford joint venture pipeline from Three Rivers to Corpus Christi, Tex.

Canadian firms' 3Q results highlight oil sands, heavy oil production rise

Nov 4, 2014

Third-quarter financial and operating results included updates on several oil sands projects in Alberta.

WoodMac: High WCS-WTI price spread seen lingering

Nov 3, 2014

Growing production of Canadian heavy crude oil and problems delivering the new supply to distant markets will keep the discount of Western Canadian Select crude high against the West Texas Intermediate price, according to Wood Mackenzie.

Continental testing Springer shale potential

Nov 3, 2014

Four delineation wells operated by Continental Resources Inc. in Grady County, Okla., confirm potential of the Mississippian Springer shale in the South-Central Oklahoma Oil Play (SCOOP), says Chairman and Chief Executive Officer Harold G. Hamm.

New well-productivity data provide US shale potential insights

Nov 3, 2014

The US has 13 shale plays with major oil and gas resources. Two of them-Bakken and Eagle Ford-account for about 75% of the country's shale oil output

ETP’s Rover gas line reaches full 3.25 bcfd subscribed capacity

Oct 31, 2014

Energy Transfer Partners LP has fully subscribed its Rover pipeline to transport 3.25 bcfd of natural gas through 15- and 20-year fee-based contracts.

BHI: US rig count makes gains in Kansas, modest rise overall

Oct 31, 2014

The US drilling rig count edged up 2 units to reach 1,929 rigs working during the week ended Oct. 31, Baker Hughes Inc. reported.

Forum: US unconventional plays still profitable at $80/bbl oil or less

Oct 31, 2014

The US currently dominates global upstream capital spending, and producers in many unconventional plays can still make a profit with futures prices for benchmark light, sweet crude oil fetching a price less than $80/bbl, a Wood Mackenzie Ltd. senior analyst told an oil breakfast forum hosted by consulting firm Decision Strategies.

AEP unit to acquire Wolfcamp acreage for $726 million

Oct 30, 2014

American Energy–Permian Basin LLC (AEPB), an affiliate of Oklahoma City-based American Energy Partners LP (AEP), has completed or entered into definitive agreements with multiple parties to acquire acreage in the Wolfcamp shale of the central Midland basin, primarily in Reagan County, Tex., for $726 million.

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