More Unconventional News

Quicksilver Resources, others file for Chapter 11 bankruptcy protection

Jun 11, 2015

Quicksilver Resources Inc., Fort Worth, Tex., filed for Chapter 11 bankruptcy protection in Delaware, becoming at least the third unconventional producer to seek reorganization during the ongoing oil-price downturn.

Economics incentivize deferring unconventional well completions

Jun 11, 2015

The market has responded with a steepened contango to incentivize storage of crude, and the relatively higher price for delivery a year from now had widened toward the end of the first quarter to as much as $9-12/bbl compared with the next month delivery.

Eagle Ford briefs

Jun 11, 2015

Noble Energy Agrees to enter Eagle Ford shale, Permian Basin By Acquiring Rosetta Resources

Jun 11, 2015

Noble Energy Inc. agreed to buy smaller rival Rosetta Resources Inc. for $2.1 billion in a stock transaction. The two companies, both of Houston, said the merger marked Noble's entry into the South Texas Eagle Ford and also the Permian basin.

EIA: Eagle Ford's Eagleville oil field largest in US

Jun 11, 2015

Eagleville field in the South Texas Eagle Ford shale is the largest US oil field, the Energy Information Administration said in a recent supplement to an earlier report, "US Crude Oil and Natural Gas Proved Reserves, 2013."

PNR offers to sell some eastern Colorado leases

Jun 10, 2015

Pioneer Natural Resources Co., Irving, Tex., wants to sell some leases in eastern Colorado involving 640,000 acres, according to a sales listing with Meagher Energy Advisors in Denver.

Saskatchewan economic minister sees opportunities despite price environment

Jun 10, 2015

At an energy leaders breakfast during the Global Petroleum Show (GPS) in Calgary June 10, Bill Boyd, Minister of the Economy for Saskatchewan, Canada, spoke about the opportunities for the oil and gas industry in his province, even in the current price environment.

Gulfport Energy to buy more Utica acreage in Ohio

Jun 10, 2015

Gulfport Energy Corp., Oklahoma City, has agreed to acquire 35,326 net acres in the Utica shale in Ohio from American Energy-Utica LLC.

SPE Conference: Heavy oil development requires long-term view, incoming president says

Jun 9, 2015

Speaking to a half-empty auditorium that reflected the tough economic environment of the North American onshore market, Janeen Judah, the incoming president of the Society of Petroleum Engineers, addressed the problems facing heavy oil.

EIA: US shale oil output to decline 91,000 b/d in July

Jun 9, 2015

Crude oil production in July from seven major US shale plays is expected to drop 91,000 b/d to 5.49 million b/d compared with June, according to the US Energy Information Administration’s latest Drilling Productivity Report (DPR). The forecasted decline is up 5,000 b/d compared with June’s decline from May.

ETP provides details on Revolution pipeline, processing project

Jun 8, 2015

Energy Transfer Partners LP (ETP), Dallas, has released details on its Revolution project for the Marcellus and Upper Devonian areas of western Pennsylvania.

Marathon commissions unit at Kentucky refinery

Jun 5, 2015

Marathon Petroleum Corp. (MPC) has commissioned a 35,000-b/d condensate splitting unit at its 242,000-b/d Catlettsburg, Ky., refinery to boost the site’s capacity to process production from shale regions in Ohio, Pennsylvania, and West Virginia.

Oil-demand curve's flattening adds to pressure on OPEC

Jun 5, 2015

When leaders of the Organization of Petroleum Exporting Countries meet in Vienna on June 5, they should heed a stern signal from the oil market.

BHI: US rig count continues steady but shrinking decline

Jun 5, 2015

The US drilling rig count dropped 7 units during the week ended June 5 to settle at 868 rigs working, according to data from Baker Hughes Inc.

Apache to reorganize into three regions

Jun 5, 2015

Houston independent Apache Corp. reported plans to restructure the company into three "super regions" following a series of acquisitions and divestitures over the last 5 years.

ANGA says industry using latest technology to protect water

Jun 4, 2015

Industry is committed to making continuous improvements and using the latest technology to recycle water and use nonpotable water, Marty Durbin, president and chief executive officer of America’s Natural Gas Alliance, said in response to a government agency’s draft about water and hydraulic fracturing.  

EPA draft assessment finds no widespread harm to drinking water from fracturing

Jun 4, 2015

The US Environmental Protection Agency released a draft assessment June 4 of a study in which it concluded hydraulic fracturing activities have not led to widespread, systemic impacts on drinking water resources, although the agency said potential water vulnerabilities exist.

NGSA: Downward pressure expected on gas prices this summer

Jun 4, 2015

Despite expectations for record-setting summer demand, pressure on this summer’s natural gas prices is likely to be downward compared with summer 2014, the Natural Gas Supply Association said in its 15th annual Summer Outlook assessment of the natural gas market. NGSA said it expects production to set records and be more than enough to meet demand.

Dakota Prairie refinery delivers first diesel, mulls expansion

Jun 4, 2015

Dakota Prairie Refining LLC, a joint venture of MDU Resources Group Inc., Bismarck, ND, and its 50-50 partner Calumet Specialty Produces Partners LP, Indianapolis, has started the first sales of commercial diesel from production at its recently commissioned refinery in North Dakota.

E&Y: US firms’ capex, revenues, reserves up again in 2014, but cuts loom

Jun 3, 2015

US oil and gas companies reported increases across the board in capital expenditures, revenues, and reserves in 2014 as oil prices nearly halved during the second half, according to an annual oil and gas reserves study conducted by Ernst & Young unveiled in Houston on June 3.

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