More Unconventional News

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.

Pioneer to sell Hugoton, Barnett assets in separate deals

Aug 4, 2014

Pioneer Natural Resources Co., Dallas, has agreed to sell all of its assets in both the Hugoton field to Linn Energy LLC, Houston, and the Barnett shale to an undisclosed private buyer for total cash proceeds of $495 million.

Vanguard to acquire Cotton Valley, East Haynesville acreage

Aug 4, 2014

Vanguard Natural Resources LLC, Houston, has entered into a definitive agreement to acquire natural gas, natural gas liquids, and oil assets in North Louisiana and East Texas from Dallas-based Hunt Oil Co. for $278 million, effective June 1.

IPAA survey: Regulation becoming more burdensome for oil, gas independents

Aug 4, 2014

Regulations over the past 5 years have made operations more complex for independent oil and gas producers, according to a recent survey, Profile of Independent Producers 2012-13, released by the Independent Petroleum Association of America.

States with fracing are economically stronger, House panel told

Aug 4, 2014

US states that embraced hydraulic fracturing and horizontal drilling staged stronger economic recoveries than those that did not since 2008 when the country plunged into recession, an economist told a House Energy and Commerce subcommittee.

WoodMac: Wolfcamp spending could surpass that of Bakken by 2017

Aug 4, 2014

Activity in the Wolfcamp shale is expanding and, by as early as 2017, could overtake the Bakken in tight oil spending, according to analysis on the West Texas-New Mexico play from Wood Mackenzie.

Algorithm provides new EUR estimates for US shale plays

Aug 4, 2014

Since the early 2000s, US shale gas production has grown exponentially and reached a production level of 26 bcfd in 2013, 40% of total US gas output according to the US Energy Information Administration (EIA). This growth was driven by technological advances in horizontal drilling, multistage hydraulic fracturing, and a favorable price environment.

Chesapeake, RKI E&P agree on Powder River acreage exchange

Aug 4, 2014

Chesapeake Energy Corp. and RKI Exploration & Production LLC (RKI), both of Oklahoma City, have agreed to exchange nonoperated interests in 440,000 gross acres in the Powder River basin in southeastern Wyoming.

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