More Unconventional News

Report for API quantifies new technologies’ 2013 US economic benefits

Oct 30, 2014

Innovations in hydraulic fracturing and horizontal drilling that have driven the energy renaissance in the US were responsible for about 48% of the nation’s crude oil production and shaved as much as 94¢/gal off of fuel prices in 2013, according to a recent report commissioned by the American Petroleum Institute.

Induced seismicity research effort identifies information gaps

Oct 30, 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.

PwC: US oil, gas transaction value hits 10-year high in 3Q

Oct 29, 2014

Driven by a rise in billion-dollar deals, midstream activity, and interest in upstream shale plays from foreign buyers, mergers and acquisitions in the US oil and gas industry reached the highest levels in the past decade during the third quarter, according to a quarterly report from PwC US Energy Practice.

MARKET WATCH: NYMEX oil prices gain modestly pending inventory report

Oct 29, 2014

Crude oil prices for December delivery rose modestly on the New York market Oct. 27 pending the weekly government petroleum inventory report, which showed another gain in US oil supplies, and industry spokesmen discussed how low oil prices might slow tight-oil production.

Energy Transfer, Phillips 66 in pipeline JVs

Oct 29, 2014

Energy Transfer Equity LP, Energy Transfer Partners LP, and Phillips 66 have formed joint ventures to develop two crude oil pipelines that together will connect the Bakken/Three Forks play in North Dakota with the US Gulf Coast.

Oneok to acquire Permian NGL assets for $800 million

Oct 27, 2014

Oneok Partners LP, Tulsa, has agreed to acquire NGL pipelines and related assets in the Permian basin from affiliates of Chevron Corp. for $800 million. The deal is expected to close in the fourth quarter.

Continental, South Korean firm to jointly develop northwest Cana Woodford

Oct 27, 2014

Continental Resources Inc., Oklahoma City, has formed a joint venture with a wholly owned US subsidiary of SK E&S Co. Ltd. to jointly develop a significant portion of Continental’s northwest Cana Woodford natural gas assets, primarily in Blaine and Dewey counties, Okla.

Carrizo adds 6,820 net acres in Eagle Ford acquisition

Oct 27, 2014

Carrizo Oil & Gas Inc., Houston, has completed its acquisition of 6,820 net acres primarily in LaSalle, Atascosa, and McMullen counties, Tex., part of the Eagle Ford shale, from Eagle Ford Minerals LLC (EFM) for $250 million in cash.

NBP launches open season for Bakken Header Supply Lateral project

Oct 27, 2014

Northern Border Pipeline Co. (NBP), Houston, launched a month-long nonbinding open season to gauge shipper interest in a pipeline project to transport natural gas from the Bakken area of North Dakota into the NBP system.

Williams Partners, Access Midstream Partners to merge

Oct 27, 2014

Williams Partners LP and Access Midstream Partners LP, both owned by Williams Cos., Tulsa, have agreed to merge. Williams in June purchased the remaining 50% general partner interest that it didn’t previously hold in Access Midstream, giving way to the merger proposal.

BHI: Permian, Eagle Ford help boost US rig count 9 units to 1,927

Oct 24, 2014

The US drilling rig count gained 9 units to reach 1,927 rigs working during the week ended Oct. 24, boosted by gains in Texas, Baker Hughes Inc. reported.

Continental testing Springer shale potential

Oct 23, 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.

Texas earthquakes prompt regulators to take action

Oct 21, 2014

A series of unusual earthquakes in North Texas is prompting state regulators to look closely at a potential link between seismic activity and wastewater injection wells.

Crude-by-rail safety standards call for better tank cars, reduced speeds

Oct 21, 2014

The US Department of Transportation has proposed new rules for transporting crude by rail that are designed to lessen the frequency and consequences of train accidents by reducing the speed of trains, improving tank car standards, and setting more-robust testing and classification guidelines for crude cargoes.

Marathon Oil sees promise in Oklahoma's Scoop, Stack plays

Oct 21, 2014

Marathon Oil Corp. is using extended-reach laterals to improve initial production rates in the emerging South-Central Oklahoma Oil Province (Scoop) resource play.

Mexico upstream bidding to start with shallow-water assets

Oct 20, 2014

Mexico plans to publish its technical bidding requirements in November, outlining logistics for the first upstream bid round, according to hydrocarbon officials visiting Houston to update the oil and gas industry on the country’s progress in opening up its assets to non-Mexican companies.

Tesoro to acquire QEP Field Services for $2.5 billion

Oct 20, 2014

Tesoro Corp. affiliate Tesoro Logistics LP has agreed to acquire QEP Resources Inc.’s wholly owned subsidiary QEP Field Services LLC (QEPFS), including its 58% partnership interests in QEP Midstream Partners LP for $2.5 billion.

Ethanol rail safety

Oct 20, 2014

Ethanol producers argue vast differences exist between the potential safety hazards posed by rail shipments of ethanol and the safety hazards posed by rail shipments of crude oil, and they dispute findings of a federal study comparing the two.

Groups sue to block California refinery expansion

Oct 20, 2014

Environmental groups have petitioned a California superior court to stop Alon USA Energy Inc. from moving forward with a plan to expand existing receiving and processing options for North American shale light crude oils at its 70,000-b/d Bakersfield refinery.

BHI: US drilling rig count drops 12 units to 1,918

Oct 17, 2014

The US drilling rig count declined 12 units to settle at 1,918 rigs working during the week ended Oct. 17, Baker Hughes Inc. reported.

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