More Unconventional News

Sanchez says Eagle Ford acreage holds untapped potential

Aug 13, 2014

Sanchez Energy Corp. believes there is untapped Lower Eagle Ford shale potential in the South Texas acreage it is acquiring from subsidiaries of Royal Dutch Shell PLC.

High cost of maintaining Eagle Ford roads strains DeWitt County

Aug 13, 2014

Development of the Eagle Ford shale has transformed rural DeWitt County, Tex., into one of the top oil and gas producing counties in Texas, bringing with it a welcome economic stimulus.

PennEast to build $1-billion Marcellus pipeline

Aug 12, 2014

PennEast Pipeline Co. LLC plans to construct a $1-billion, 100-mile pipeline extending from Luzerne County in northeastern Pennsylvania to Transco’s Trenton-Woodbury interconnection in New Jersey.

EIA: Utica gas output to reach 1.3 bcfd in September

Aug 12, 2014

Total natural gas production in Ohio’s Utica region—which includes production from the Utica and Point Pleasant formations as well as legacy production from conventional reservoirs—is expected to increase to 1.3 bcfd in September from just 155 MMcfd in January 2012, according to the US Energy Information Administration’s Drilling Productivity Report (DPR).

Columbia to build Marcellus-Utica gas pipeline

Aug 12, 2014

Columbia Gas Transmission (CGT), part of NiSource Inc.’s Columbia Pipeline Group, will build a 160-mile natural gas pipeline, Leach XPress, in Ohio and West Virginia, supporting gas supply development in western Pennsylvania, northern West Virginia, and eastern Ohio.

Green Dragon enters Chengzhuang cooperation agreement

Aug 11, 2014

Green Dragon Gas Ltd. has entered into a cooperation agreement with China National Petroleum Corp. relating to the Chengzhuang block, a 67-sq-km area included within the Shizhuang South production-sharing contract.

KMI executes $71-billion consolidation purchase

Aug 11, 2014

Kinder Morgan Inc. (KMI), Kinder Morgan Energy Partners LP (KMEP), Kinder Morgan Management LLC (KMR), and El Paso Pipeline Partners LP reported that KMI will acquire all of the outstanding equity securities of KMEP, KMR and El Paso, creating a single publicly traded security, KMI. The total purchase price of the transaction was $71 billion: $40 billion KMI equity, $4 billion cash, and $27 billion assumed debt.

Study: Bakken no greater transport risk than other light crudes

Aug 11, 2014

The North Dakota Petroleum Council (NDPC) has released the final report on a study it commissioned to examine the characteristics of crude oil produced from the Bakken shale region.

Study highlights Pennsylvania’s shale gas development boom

Aug 8, 2014

The rapid shale gas development in Pennsylvania’s Marcellus shale formation has presented both challenges and opportunities to local governments and communities. In particular, concerns that local governments might be entering a “boom and bust” cycle—similar to previous resource extraction experiences in Pennsylvania’s history—are on the rise.

AMP acquires additional midstream assets in Eagle Ford

Aug 8, 2014

American Midstream Partners LP (AMP) has opted to use, and has received approval of, its right-of-first-offer to acquire the Gonzales County, Tex., full-well-stream gathering system from an affiliate of ArcLight Capital Partners LLC for total consideration not to exceed $110 million. The deal is expected to close late this year or in early 2015.

BHI: US rig count pierces 1,900 mark for first time in 2 years

Aug 8, 2014

The US drilling rig count surpassed the 1,900 mark for the first time since August 2012, jumping 19 units to 1,908 rigs working during the week ended Aug. 8, Baker Hughes Inc. reported.

Magnum Hunter to move headquarters to Dallas

Aug 7, 2014

Magnum Hunter Resources Corp. plans to relocate its corporate headquarters from Houston to the Dallas area effective on or about Dec. 31.

MarkWest units announce capacities plans, update projects

Aug 7, 2014

MarkWest Energy Partners LP, Denver, will add 720 MMcfd of natural gas processing capacity and 110,000 b/d of NGL fractionation capacity in seven projects spread among West Virginia, Pennsylvania, Ohio, and East Texas.

ConocoPhillips, Enap sign deal to study unconventional oil, gas in Chile

Aug 6, 2014

ConocoPhillips and Chile’s state oil company Empresa Nacional del Petroleo (Enap) have signed a technical agreement to jointly conduct geological, geophysical, and engineering studies to determine the potential for unconventional hydrocarbon resources in the Magallanes region in southern Chile.

AEP units complete Marcellus, Utica acquisitions

Aug 5, 2014

Two affiliates of American Energy Partners LP (AEP) have closed on acquisitions of assets totaling $1.75 billion.

Study: Bakken no greater transport risk than other light crudes

Aug 5, 2014

The North Dakota Petroleum Council (NDPC) has released the final report on a study it commissioned to examine the characteristics of crude oil produced from the Bakken shale region.

Small-scale GTL pilot plant planned for Houston

Aug 5, 2014

Biofuels Power Corp. (BPC), Houston, reported signing a letter of intent with ThyssenKrupp Industrial Solutions (Africa) (Pty.) Ltd. and Liberty GTL Inc. to build a small-scale gas-to-liquid demonstration facility in Houston. The plant will be capable of converting 5-10 MMcfd of gas into about 500 b/d of synthetic crude oil.

KMEP plans additional expansion to KMCC pipeline

Aug 5, 2014

Kinder Morgan Energy Partners LP (KMEP) has entered into a long-term transportation agreement with Republic Midstream Marketing LLC to build an interconnect and other facilities for the Kinder Morgan Crude & Condensate (KMCC) pipeline.

Hickenlooper forms task force to address oil, gas siting questions

Aug 5, 2014

Colorado Gov. John W. Hickenlooper (D) announced that he has formed a task force to develop recommendations that would reduce land use conflicts when oil and gas facilities are located near homes, schools, businesses, and recreation areas.

EIA: Marcellus accounts for 40% of US shale gas production

Aug 5, 2014

Natural gas production from the Marcellus shale has surpassed 15 bcfd through July and now represents 40% of US shale gas production, making it the largest producing shale gas basin in the country, according to the US Energy Information Administration’s Drilling Productivity Report.

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