More Unconventional News

BHI: Shortened week sees 12-unit loss in US rig count

Nov 26, 2014

The US drilling rig count fell 12 units to 1,917 rigs working as the country headed into the Thanksgiving holiday during the abbreviated week ended Nov. 26, Baker Hughes Inc. reported.

TransAtlantic completes Dadas interval in southeast Turkey

Nov 25, 2014

TransAtlantic Petroleum Ltd., Dallas, says it successfully completed the Dadas interval at a vertical depth of 9,650 ft in the Molla area of southeast Turkey.

Moody’s: E&P spending to dip as crude oil prices slide

Nov 25, 2014

Weakening crude oil prices will cut exploration and production spending by independent producers in the US next year and make integrated oil and gas companies wary of upstream projects dependent on a price of $80/bbl, according to Moody’s Investors Service.

Plains All American to expand Cactus pipeline takeaway capacity

Nov 25, 2014

Plains All American Pipeline LP (PAA) plans to provide additional pumps to increase the takeaway capacity of the Cactus pipeline in response to higher regional production forecasts and shipper demand.

Southcross completes acquisition of Eagle Ford pipeline system

Nov 24, 2014

Southcross Energy Partners LP, Dallas, has completed its acquisition of a natural gas gathering system in McMullen County, Tex.

North Dakota lawmakers mull Bakken crude regulations

Nov 24, 2014

Oil producers in North Dakota's Bakken and Three Forks formations could be required to strip gases from crude oil showing high vapor pressure before transporting the oil under new standards being considered by the North Dakota Industrial Commission, which met Nov. 13.

Bakken, deepwater Gulf of Mexico to boost Hess's production

Nov 24, 2014

Hess Corp. plans to increase its production growth rate forecast by 6-10%/year during 2013-18, assuming $90-100/bbl Brent, anchored by production in the Bakken shale and deepwater Gulf of Mexico, the company said Nov. 10 during an investor presentation in Houston.

BHI: Oklahoma, Cana Woodford lead gains in this week’s rig count

Nov 21, 2014

A week of mostly offsetting activity saw the US drilling rig count edged up a single unit to 1,929 rigs working during the week ended Nov. 21, Baker Hughes Inc. reported.

Navitas to build Eaglebine natural gas gathering pipeline

Nov 20, 2014

Navitas Midstream Partners LLC, The Woodlands, Tex., will build the La Bahia natural gas gathering system, including a 20-in. OD pipeline extending from the northern end of the Eagle Ford shale (Eaglebine) in Brazos County, Tex., to a 120-MMcfd cryogenic processing plant the company is building in Grimes County, Tex. Navitas expects the plant to enter service in mid-2015.

IHS: ‘Tight-oil test’ under way in US amid lower oil prices

Nov 20, 2014

The vast majority of potential US tight-oil production growth remains economical in the current crude oil price environment, according to a recent report by IHS. About 80% of potential gross US tight-oil capacity additions in 2015 would remain resilient at West Texas Intermediate prices dropped to $70/bbl, the report said.

Hiland launches open season for Double H system

Nov 20, 2014

Hiland Crude LLC has launched an open season to solicit shipper commitments to expanded capacity of the company’s Double H crude oil transportation system, a 488-mile pipeline under construction.

Apache to sell Louisiana, Anadarko assets for $1.4 billion

Nov 20, 2014

Houston independent Apache Corp. has agreed to sell noncore southern Louisiana and certain Anadarko basin assets in two separate deals for a combined $1.4 billion. Both transactions, effective Oct. 1, are expected to close during the fourth quarter.

Senate debates, then barely rejects, Keystone XL approval bill

Nov 19, 2014

The US Senate finally debated a bill authorizing construction of the proposed Keystone XL crude oil pipeline on Nov. 18 before rejecting the measure by a single vote. Republicans vowed to bring the measure back once they assume majority control in January.

National Forest in Va., W.Va., leaves fracing to state governments

Nov 18, 2014

The George Washington National Forest in Virginia and West Virginia will allow some oil and gas activity using hydraulic fracturing and horizontal drilling under its new final forest plan, which was released in Roanoke, Va., on Nov. 18.

Forest Oil to sell Arkoma basin gas properties

Nov 18, 2014

Forest Oil Corp., Denver, has agreed to sell its natural gas properties in the Arkoma basin for aftertax cash proceeds of $185 million. The deal, effective Oct. 1, is expected to close on or before Dec. 15.

Cenovus receives approvals for Telephone Lake oil sands project

Nov 18, 2014

Cenovus Energy Inc., Calgary, has received approval from the Alberta Energy Regulator (AER) and the province of Alberta for its wholly owned Telephone Lake thermal oil sands project, 90 km northeast of Fort McMurray in the company’s Borealis Region of northern Alberta.

Deloitte: More executives believe US can be self-sufficient in oil

Nov 18, 2014

More oil and gas executives are growing increasingly confident that the US will be self-sufficient in oil in 5-10 years, said a Deloitte survey titled, “2014 Oil & Gas Survey: The Next Chapter of the Energy Renaissance.”

ANGA president calls for sharper focus on gas transportation issues

Nov 17, 2014

America’s Natural Gas Alliance Pres. Martin J. Durbin called for a stronger focus on transportation as he outlined issues that the US gas industry faces following the 2014 midterm elections and heading into 2015.

Saudis have reasons better than shale to let prices fall

Nov 17, 2014

Only by overlooking important forces in markets and politics can anyone assert that Saudi Arabia is letting crude prices fall mainly to extinguish competition from North American shale oil.

Oil sands 2014-38 outlay to top $514 billion

Nov 17, 2014

Total investment in Canadian oil sands projects during 2014-38 will exceed $514 billion (2013 Can.), according to the Canadian Energy Research Institute (CERI).

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