More Unconventional News

WRI: Shale oil, gas face tight competition for water

Sep 3, 2014

Governments and businesses trying to develop tight oil and gas resources could face intense competition for water that would be used in hydraulic fracturing, the World Resources Institute said in a recent report. It found that 38% of the world’s tight shale resources face high to extremely high water stress or arid conditions.

EQT, NextEra to build Marcellus-Utica gas pipeline

Sep 3, 2014

EQT Corp. and NextEra US Gas Assets LLC, an indirect, wholly owned subsidiary of NextEra Energy Inc., have formed a joint venture, Mountain Valley Pipeline LLC, to build and own the 330-mile Mountain Valley natural gas pipeline. The joint venture also launched a binding open season for shipment on the 2-bcfd system.

Shell makes Utica gas discovery in Pennsylvania

Sep 3, 2014

Royal Dutch Shell PLC has made a natural gas discovery within the Utica shale in Tioga County, Pa.

Buckeye to buy Corpus Christi terminal interest in $860 million deal

Sep 2, 2014

Buckeye Partners LP has agreed to acquire 80% interest in a company that it will jointly own with Trafigura AG for $860 million. The transaction is expected to close later this month.

Dominion heads 1.5-bcfd Atlantic Coast gas pipeline joint venture

Sep 2, 2014

Dominion, Duke Energy, Piedmont Natural Gas, and AGL Resources have formed a joint venture to build and own the proposed 1.5-bcfd Atlantic Coast Pipeline. The 550-mile natural gas pipeline would move Marcellus and Utica shale gas from Harrison County, W.Va., southeast through Virginia, with an extension to Chesapeake, Va., and then south through central North Carolina to Robeson County.

Pembina signs $650 million deal to buy Vantage line, associated assets

Sep 2, 2014

Pembina Pipeline Corp., Calgary, has agreed to acquire the Vantage pipeline system and Mistral Midstream Inc.’s interest in the Saskatchewan ethane extraction plant (SEEP) for $650 million from certain entities affiliated with Riverstone Holdings LLC. The transaction, effective Aug. 1, is expected to close in the fourth quarter.

CERI: Market access key to Canadian bitumen output

Sep 1, 2014

Outcomes in two areas of critical uncertainty can mean a difference in Canadian bitumen production in 2030 of 1.7-1.8 million b/d, according to a study published by the Canadian Energy Research Institute.

Supply complacency

Sep 1, 2014

Complacency comes easily in the US when the price of crude oil sags while hostilities jar the Middle East, while Russia tests Western resolve over Ukraine, and while China rattles its neighbors with territorial claims.

Utah's crude transportation options include Uinta Express project

Sep 1, 2014

Utah's crude oil transportation options-which include Tesoro Refining & Marketing Co. LLC's proposed Uinta Express Pipeline-typify the broader US challenge in several ways.

Declining costs enhance Duvernay shale economics

Sep 1, 2014

Alberta's Duvernay play is often characterized as Canada's Eagle Ford and is similarly seen as one of the most economically attractive plays in North America.

BLM announces California oil, gas strategy as CCST issues report

Aug 29, 2014

The US Bureau of Land Management’s California state office announced a comprehensive strategy for its oil and gas program in the state after receiving an independent review of well stimulation technologies it asked the California Council on Science and Technology (CCST) to conduct in September 2013.

BHI: US rig count recoups last week’s losses, jumps to 1,914

Aug 29, 2014

The US drilling rig count jumped 18 units to reach 1,914 rigs working, gaining back the 17 units it lost last week plus one, during the week ended Aug. 29, Baker Hughes Inc. reported.

Petronas, YPF sign $550 million development deal for Vaca Muerta

Aug 28, 2014

Malaysia’s state-run Petronas signed a $550 million agreement with YPF SA, Buenos Aires, on Aug. 28 in Kuala Lumpur detailing terms and conditions for the development of oil from the giant Vaca Muerta shale in Argentina’s Neuquen province.

Quicksilver-Eni well flows oil in West Texas

Aug 28, 2014

Quicksilver Resources Inc. and Eni SPA have spudded a second well in their exploratory joint venture targeting unconventional reservoirs in Pecos County, Tex., after the first well flowed oil.

Dakota Gold to develop Bakken-Three Forks crude terminal

Aug 27, 2014

Dakota Gold Transfer-Plaza LLC plans to develop a crude oil transload terminal in Mountrail County, ND. Sited on 350 acres in the eastern section of the Bakken and Three Forks shale oil producing areas and served by Canadian Pacific Railway (CP), the Plaza Terminal will allow shipment to multiple markets via rail and pipeline.

CNRL files OSCA application with AER for Grouse oil sands project

Aug 27, 2014

Canadian Natural Resources Ltd. has submitted an Oil Sands Conservation Act application with Alberta Energy Regulator for its Grouse steam-assisted gravity drainage (SAGD) project.

MarkWest to expand processing, fractionation in Pennsylvania

Aug 26, 2014

MarkWest Energy Partners LP, Denver, will expand midstream infrastructure at its Keystone complex in Butler County, Pa., the company said, to handle growing rich-gas production from the Marcellus shale and Upper Devonian formations.

Parsley Energy adds Permian basin acreage

Aug 26, 2014

Parsley Energy Inc., Midland, Tex., has agreed to buy from “multiple sellers” undeveloped and productive acreage in Reagan County, Tex., for a total of about $252 million.

BHI: US rig count upward momentum stymied, falls below 1,900 mark

Aug 22, 2014

The US drilling rig count lost 17 units to settle at 1,896 rigs working during the week ended Aug. 22, ending four consecutive weeks of gains, Baker Hughes Inc. reported.

TSB report outlines ‘multitude of factors’ behind Lac-Megantic train derailment

Aug 20, 2014

A multitude of factors led to July 6 derailment of a runaway train in Lac Megantic, Que., carrying 72 carloads of Bakken crude oil bound for Irving Oil Ltd.’s refinery in Saint John, NB, according to an investigation report released Aug. 19 by the Transportation Safety Board of Canada (TSB).

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