More Unconventional News

Marathon moving forward with Cornerstone pipeline

Apr 1, 2015

Marathon Pipe Line LLC (MPL) and Ohio River Pipe Line LLC (ORPL) launched a binding open season to assess interest and solicit shipper commitments for transportation service on the proposed Cornerstone pipeline and associated Utica shale build-out projects earlier this year.

Private equity firm to finance gas-fired power plant

Apr 1, 2015

Panda Power Funds agreed to jointly develop a 1,000-Mw Pennsylvania power project that will use natural gas from the Marcellus shale, the Dallas private equity firm announced.

Gov. Wolf says state forests, parks off limits to new drilling

Apr 1, 2015

Pennsylvania Gov. Tom Wolf (D) signed an executive order reinstating a moratorium on new drilling leases on state forests and parks.

Pennsylvania governor proposes natural gas severance tax

Apr 1, 2015

Pennsylvania Gov. Tom Wolf (D) outlined a proposed $29.9 billion budget on Mar. 3 that would involve $2.5 billion of net tax increases for fiscal 2016, including a 5% severance tax on natural gas.

Deloitte: Low prices provide incentive for improved efficiencies

Apr 1, 2015

Oil and gas companies are learning how to operate more efficiently given recent low oil prices, Deloitte LLP speakers told a February media briefing in Houston, noting that tight refining profit margins previously forced the downstream industry to learn this.

Marcellus Briefs

Mar 31, 2015

Private equity options during oil price downturn

Mar 31, 2015

The precipitous drop in crude oil prices since June 2014 has left many growth-stage upstream oil and gas companies requiring new equity investment in order to fund exploration of shale play prospects and existing drilling programs.

Seismic activity linked to injection wells may vary by region

Mar 31, 2015

The US portion of the Williston basin produced fewer earthquakes caused by wastewater injection than basins in Texas, University of Texas at Austin researchers found.

Kinder Morgan Inc. purchased Hiland Partners for $3 billion

Mar 31, 2015

Kinder Morgan Inc. acquired Hiland Partners, a small pipeline operator, in a deal that gave KMI what Moody's described as KMI's "initial footprint in the Bakken" and helped diversify the largest US midstream company's crude oil transportation business.

Oil prices cross North Dakota tax threshold

Mar 31, 2015

It's limited to the first 75,000 bbl of oil produced from a new well or the first $4.5 million of gross value oil produced from that well.

Examiner stalls Shell's Bakken Rail Plans for Anacortes pending Environmental review

Mar 31, 2015

A Skagit County hearing examiner in Mount Vernon, Wa., halted Royal Dutch Shell's plans to move Bakken crude oil by rail to Shell's Anacortes refinery in northwest Washington state pending environmental and public health risk reviews, which could take at least 1 year.

Bakken Briefs

Mar 31, 2015

Pipeline leaks Bakken oil into Yellowstone River

Mar 31, 2015

Ice on the Yellowstone River delayed cleanup efforts by response crews after a section of Bridger Pipeline LLC's Poplar Pipeline, which runs under the river, ruptured and spilled Bakken crude oil, said the US Environmental Protection Agency.

Bakken crude derailments spur rail safety concern

Mar 31, 2015

Recent derailments of trains carrying Bakken crude oil prompted elected officials across various states to request that federal regulators expedite efforts addressing the safety of moving crude oil by rail.

NEB sees growth in bitumen production through 2018

Mar 31, 2015

Despite budget cuts for oil sands projects, Canada’s National Energy Board reports the potential of an additional 1 million b/d through 2018. Current bitumen production is less than 2.5 million b/d.

Chevron Canada applies with AER for 32 wells in Fox Creek area

Mar 30, 2015

Chevron Canada Resources has filed an application with Alberta Energy Regulator to drill 32 wells in the Duvernay formation in the Fox Creek area.

EIA: US oil output growth in 2014 largest in more than 100 years

Mar 30, 2015

US crude oil production, including lease condensate, increased during 2014 by 1.2 million b/d to 8.7 million b/d, the largest rise in volume since recordkeeping began in 1900, according to data from the US Energy Information Administration.

Chevron exits Cooper basin unconventional gas project

Mar 30, 2015

Chevron Corp. has pulled out of the Nappameri Trough unconventional gas project in the Cooper basin, leaving other joint venture partners Beach Energy Ltd. and Icon Energy Ltd. to go it alone.

US drilling slump a tough start to market correction

Mar 30, 2015

Two changes essential to reversal of a sagging oil market are coming into view: Supply expectations are falling, while demand looks-well, at least stronger than it did a few months ago.

DOE report identifies deficiencies in crude oil analysis techniques

Mar 30, 2015

A US Department of Energy report found gaps in important crude oil characterization data, uncertainty about how to best sample and analyze crude to ensure its properties are determined accurately, and deficiencies in understanding how a crude's properties affect its potential to accidentally ignite, combust, and explode.

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