More Unconventional News

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.

ANR receives 2 bcfd of shipper commitments for SEML

Mar 31, 2014

TransCanada Corp.’s ANR Pipeline system has secured almost 2 bcfd of firm natural gas transportation commitments on its Southeast Main Line (SEML) for an average term of 23 years, with roughly 1.25 bcfd beginning this year and the balance next. The company said it is reviewing options for further expansion of SEML.

Baker Hughes: US drilling rig count rebounds to 1,809

Mar 28, 2014

The US drilling rig count gained back the 6 units it lost last week to reach 1,809 rigs working during the week ended Mar. 28, Baker Hughes Inc. reported.

Kentucky: Daybreak begins 2014 drilling campaign

Mar 28, 2014

Daybreak Oil & Gas Inc., Spokane, Wash., has drilled the first well in its 20-well development drilling program for the 2014-15 fiscal year at Twin Bottoms field in Lawrence County, Ky.

Ineos lets contract for Grangemouth ethane terminal

Mar 28, 2014

Ineos Europe AG, Switzerland, said it has reached the latest milestones in its $500 million survival plan to import US shale gas to its 210,000-b/d Grangemouth, Scotland, refinery and petrochemical complex.

BLM seeks comments on Noble’s proposed Nevada gas exploration

Mar 27, 2014

The US Bureau of Land Management is seeking comments on Noble Energy Inc.’s proposed natural gas exploration drilling on leases it holds in the Tabor Flats area west of Wells, Nev. It will accept comments through Apr. 27 on BLM’s environmental assessment and the Houston independent producer’s master surface use plan for the project, BLM’s Wells field office said.

EIA: Tight oil production pushes US supply to more than 10% of world’s total

Mar 26, 2014

US tight oil production averaged 3.22 million b/d in the fourth quarter of 2013, pushing overall US crude oil production to more than 10% of the world’s total production, up from 9% in fourth-quarter 2012, according to the US Energy Information Administration.

WoodMac: US tight-oil market ‘too robust to bust’

Mar 25, 2014

A drop in global oil price levels or a significant widening of the differential between global oil prices and inland realizations are just two of the ways the North American tight-oil boom could go bust, according to a recent analysis from Wood Mackenzie.

Sinopec reveals Fuling field production capacity goals

Mar 25, 2014

Sinopec plans to develop Fuling shale gas field in southwestern China to a production capacity of 10 billion cu m (bcm)/year by 2017, the company said.

IHS International: US poised to lead world exports of LPG

Mar 25, 2014

US shale gas development has the country poised to become a major global supplier of LPG, mainly to Asia, during 2015-20 with US exports outdistancing other global suppliers by the end of the forecast period.

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