More Unconventional News

BAKKEN Briefs

Apr 16, 2014

EIA: BAKKEN RIGS PRODUCING 50% MORE OIL IN FIRST MONTH ONLINE

Apr 16, 2014

Operational efficiency is improving across the Bakken-Three Forks tight oil play. US Energy Information Administration

Bakken leader Continental Resources drills deeper into Three Forks formation

Apr 16, 2014

The Bakken-Three Forks tight oil formation is already one of the top producing oil plays in the US, but leading operator Continental Resources Inc. believes there may be even more oil in place than previously thought in deeper benches of the Three Forks formation.

A conversation with BHP executive Rod Skaufel

Apr 16, 2014

Today, BHP is a prominent participant in the US unconventional oil and gas business, with operations spanning the Haynesville, Fayetteville, and Eagle Ford shales as well as the Permian basin.

BHP plans to double Eagle Ford output by 2016

Apr 16, 2014

BHP Billiton is focusing the bulk of its US onshore spending on the Eagle Ford shale this year and seeing promising results from field trials aimed at increasing production and reducing costs at its wells in the South Texas shale play.

EPA white papers offer hint of methane, VOC emissions

Apr 15, 2014

The US natural gas industry received a preview of a new regulatory push on Apr. 15 when the Environmental Protection Agency published white papers on emissions of methane and volatile organic compounds (VOCs) in five operational categories.

Baker Hughes: US drilling rig count jumps to 1,831

Apr 11, 2014

The US drilling rig count jumped 13 units to reach 1,831 rigs working during the week ended Apr. 11, Baker Hughes Inc. reported.

ConocoPhillips raises estimates on Eagle Ford recoverable resources, production

Apr 11, 2014

ConocoPhillips has increased its estimated resource base in the Eagle Ford play to 2.5 billion bbl of oil in place from 1.8 billion bbl, as well as its estimated production from current volumes to more than 250,000 boe/d by 2017.

Proved reserves of US crude oil reach 36-year high in 2012

Apr 10, 2014

US proved reserves of crude oil at yearend 2012 were estimated at 33.4 billion bbl, up 15.4% from 2011 and the highest since 1976, according to a report released Apr. 10 by the US Energy Information Administration.

Chevron, YPF to continue Vaca Muerta development

Apr 10, 2014

Chevron Corp. and YPF SA, Buenos Aires, will continue development of Argentina’s Vaca Muerta shale formation. Chevron says it will build off the progress of its 2013 drilling program with YPF, investing in large-scale drilling and production in the 96,000-acre Loma Campana concession.

CNPC, Shell strengthen global cooperation

Apr 10, 2014

China National Petroleum Corp. (CNPC) and Royal Dutch Shell PLC have reached an agreement to deepen their strategic partnership by increasing cooperation in the development of both companies’ global projects.

Statoil’s oil sands production saw slight decline in 2013

Apr 8, 2014

Statoil ASA reported a slight decrease in its oil sands production in 2013 because of a planned multiweek plant shutdown for facility maintenance and the integration of new scientific research and experimental development measures, according to the company’s 2013 Oil Sands Report.

Speakers debate states’ oil, gas role at GMU conference

Apr 8, 2014

States are better qualified than federal and local governments to regulate hydraulic fracturing and other unconventional oil and gas activities, two speakers agreed at an energy and environment conference at George Mason University’s School of Law. But a third speaker argued that some states’ performances as the primary US oil and gas regulator are unsatisfactory and needs to be reevaluated.

WoodMac: Bakken capex to top $15 billion in 2014

Apr 7, 2014

Oil and gas industry analyst Wood Mackenzie Ltd. forecasts that operators in the Bakken shale will invest more than $15 billion on drilling and completions in 2014, second only to the Eagle Ford in the US Lower 48 states.

Moody's: Marcellus shale gas producers to benefit most in US

Apr 7, 2014

Natural gas producers in the Marcellus shale will benefit more than producers elsewhere in the US because of many favorable circumstances, even if prices were to decline to 2012 levels, Moody's said in a recent report.

Azure Midstream starts up Haynesville gas plant

Apr 4, 2014

Azure Midstream Energy LLC, Houston, has started up its 10-MMcfd Fairway gas processing plant in San Augustine County, Tex. A spokesperson for Azure Midstream told OGJ that the plant consists of two 5 MMcfd freon refrigeration plants.

WoodMac: Bakken drilling, completion capex to top $15 billion in 2014

Apr 2, 2014

Oil and gas industry analyst Wood Mackenzie Ltd. forecasts that operators in the Bakken shale will invest more than $15 billion on drilling and completions in 2014, second only to the Eagle Ford in the US Lower 48 states.

PGNiG, Chevron reach Poland shale gas exploration agreement

Apr 1, 2014

Polish state-owned PGNiG has entered into a collaboration agreement with Chevron Polska Energy Resources for the first stage of shale gas exploration in four licenses in southeastern Poland.

Magellan Midstream to build condensate splitter

Apr 1, 2014

Pipeline operator Magellan Midstream Partners LP, Tulsa, reported it will spend $250 million to build a 50,000 b/d capacity condensate splitter and other facilities at its Corpus Christi, Tex., terminal, which serves the Eagle Ford shale.

Moody’s: Marcellus shale gas producers to benefit most in US

Apr 1, 2014

Natural gas producers in the Marcellus shale will benefit more than producers elsewhere in the US because of many favorable circumstances, even if prices were to decline to 2012 levels, Moody’s said in a recent report.

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