More Unconventional News

House panel’s Republicans seek information about DOE’s SPR management

May 13, 2014

US House Energy and Commerce Committee Republican leaders requested a meeting with US Sec. of Energy Ernest J. Moniz and other appropriate officials concerning management of the US Strategic Petroleum Reserve as the summer driving season approaches.

Baker Hughes: US drilling rig count edges up to 1,855

May 9, 2014

The US drilling rig count edged up a unit to 1,855 rigs working during the week ended May 9, Baker Hughes Inc. reported.

EPA will seek comments on disclosing frac fluid ingredients

May 9, 2014

The US Environmental Protection Agency announced it will seek public comment on what information could be reported and disclosed for hydraulic fracturing chemicals and mixtures and the approaches for obtaining this information.

EIA estimates average Eagle Ford EUR at 168,000 bbl/well

May 9, 2014

The average estimated ultimate recovery (EUR) of wells drilled during 2008-13 in the Eagle Ford shale in South Texas was 168,000 bbl/well, according to the US Energy Information Administration.

EIA: High value of liquids boosts wet gas production

May 8, 2014

Spurred by relatively high values of natural gas liquids (NGL), company interests have shifted from dry gas production to wet gas production, according to the US Energy Information Administration’s monthly gas liquids report.

US DOT issues Bakken crude rail transport emergency order

May 8, 2014

The US Department of Transportation (DOT) has issued an emergency order requiring all railroads operating trains containing large amounts of Bakken crude oil to notify State Emergency Response Commissions (SERC) about the operation of these trains through their states.

OTC: Robust US energy policy needed to strengthen economy, lawmaker says

May 7, 2014

Anticipated energy demand worldwide by 2050 will be such that industry will need to produce similar levels of oil and natural gas compared with today’s production levels, panelists told the Offshore Technology Conference on May 6.

Encana to acquire Eagle Ford acreage for $3.1 billion

May 7, 2014

Encana Oil & Gas Inc., a wholly owned subsidiary of Encana Corp., has reached an agreement with Freeport-McMoRan Oil & Gas LCC, a subsidiary of Freeport-McMoRan Copper & Gold Inc., to acquire 45,500 net acres in Karnes, Wilson, and Atascosa counties, part of the Eagle Ford shale in South Texas, for $3.1 billion, effective Apr. 1.

More processing, pipelines on tap for US shale plays

May 7, 2014

Shale development in the US continues to spawn support infrastructure.

Devon, Cimarex to acquire Cana-Woodford assets

May 6, 2014

Devon Energy Corp., Oklahoma City, and Cimarex Energy Co., Denver, reported entering into an acquisition scheme for assets primarily in the Cana-Woodford shale play in western Oklahoma.

Sabine, Forest sign merger agreement

May 6, 2014

Sabine Oil & Gas LLC and Forest Oil Corp. have signed a definitive merger agreement under which the companies will combine their businesses in an all-stock transaction. The combined entity will be known as Sabine Oil & Gas Corp., headquartered in Houston, and led by Sabine’s current executive management team.

OTC: Shale, deepwater development present different challenges

May 6, 2014

The oil and gas industry continues to unlock greater resources both onshore and offshore—in shale formations and in deepwater. Growing production from these areas, particularly in the US, is the product of continuous innovation and the resources contained in both will play a critical role in meeting growing global energy demand.

EIA: Marcellus gas production continues to outpace takeaway capacity

May 5, 2014

Rising production of natural gas in the Marcellus shale play in the Appalachian basin continues to outpace the growth in the region's pipeline takeaway capacity, which has led to supply backups in the region, the US Energy Information Administration reported in a weekly gas report.

Baker Hughes: US drilling rig count declines to 1,854

May 2, 2014

The US drilling rig count lost 7 units to settle at 1,854 rigs working during the week ended May 2, Baker Hughes Inc. reported.

NTSB begins investigation of Virginia crude train derailment

May 2, 2014

The National Transportation Safety Board took charge of the investigation into the Apr. 30 derailment of a train carrying crude oil in Lynchburg, Va., but it will be months before conclusions are reached and recommendations are issued, the investigator-in-charge said.

Sen. Hoeven submits updated Keystone XL approval bill

May 1, 2014

US Sen. John Hoeven (R-ND) submitted a fresh bill that would bypass the White House and congressionally approve the proposed Keystone XL crude oil pipeline’s cross-border permit.

Continental reports management changes

May 1, 2014

Continental Resources Inc., Oklahoma City, has named Gary E. Gould as senior vice-president, operations and resource development. He succeeds Richard E. Muncrief, who resigned to take the position of president and chief executive officer at Tulsa independent WPX Energy Inc.

BP plans to exit Utica shale

May 1, 2014

BP America reported that it will not proceed with development of its nearly 100,000 acres of leasehold in the emerging Utica shale in Ohio.

Train carrying crude derails, catches fire in Virginia

Apr 30, 2014

A train carrying crude oil derailed Apr. 30 in Lynchburg, Va., setting 3 cars on fire, CSX Transportation announced. The fire was quickly extinguished and no injuries were reported, although some businesses and residents nearby were evacuated, it said.

PwC: US M&A activity reaches highest 1Q volume in more than a decade

Apr 30, 2014

The US oil and gas industry recorded its highest volume of first quarter mergers and acquisitions (M&A) in more than a decade, PwC US Energy Practice said in an Apr. 30 report on transactions with value greater than $50 million. The movement was a result of rising upstream activities and increased interest from foreign entities.

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