More Unconventional News

Noble, Consol to launch Marcellus midstream MLP

Jun 12, 2014

Noble Energy Inc., Houston, and Consol Energy Inc., Pittsburgh, have submitted a confidential draft registration statement on Form S-1 to the US Securities and Exchange Commission relating to a proposed initial public offering of common units of a master limited partnership (MLP).

Sinopec, FTSI form JV to tap China’s unconventional resources

Jun 11, 2014

Sinopec Group has entered into a 15-year joint venture agreement with FTS International (FTSI), Ft. Worth, with the intention of tapping into China’s vast unconventional resources.

Osum to purchase Orion project from Shell for $325 million (Can.)

Jun 11, 2014

Osum Oil Sands Corp., Calgary, plans to purchase the Orion oil sands project in Alberta from Shell Canada for $325 million (Can.).

Marcellus continues to defy expectations, driving US gas production ever higher

Jun 10, 2014

Shale has been the primary driver of US gas supply growth since 2007, and the Marcellus shale has been the largest single contributor to rising production.

Eagle Ford Breifs

Jun 10, 2014

Voters may decide future of fracing in Colorado

Jun 10, 2014

This year, all eyes will be on Colorado as numerous ballot initiatives have been proposed that could impact the future of hydraulic fracturing.

ConocoPhillips ramps up Eagle Ford shale development

Jun 10, 2014

ConocoPhillips Corp. has raised its resource estimate in the Eagle Ford shale by 700 million bbl to 2.5 billion bbl of oil in place after pilot tests targeting shallower levels of the formation show the company's leasehold contains more oil than previously thought.

Tuscaloosa Briefs

Jun 10, 2014

Utica Briefs

Jun 10, 2014

Marcellus Briefs

Jun 10, 2014

Bakken production growth expected to slow as the play matures

Jun 10, 2014

Production growth from the Bakken tight oil formation is expected to moderate in the next 2 years as older wells decline and new wells strain to offset natural production declines, analysis by Wood Mackenzie Ltd. shows.

North Dakota regulators seek balance in flaring plan

Jun 10, 2014

North Dakota state regulators, industry members, and mineral owners all dislike seeing natural gas go up in flames in the Bakken shale.

MDU expands North Dakota presence with greenfield refinery

Jun 10, 2014

A greenfield refinery, an interstate gas pipeline, and production from the Bakken shale are just a few of the projects being pursued by MDU Resources Group Inc. in the rolling prairie of North Dakota.

Link strengthened between wastewater injection and Oklahoma earthquakes

Jun 10, 2014

New research suggests that a magnitude 5.7 earthquake that struck near Prague, Okla., in 2011 and led to hundreds of smaller aftershocks was triggered by a smaller quake, or foreshock, linked to wastewater injection wells near a known fault.

Statoil tackles Bakken flaring with innovation

Jun 10, 2014

Statoil North America Inc. is at the forefront of efforts to reduce flaring in the Bakken shale in North Dakota, pilot-testing a mobile system that converts associated gas into CNG at the wellsite.

CAPP eases outlook for Canadian oil output

Jun 10, 2014

Oil production in Canada will increase at an average rate of 175,000 b/d/year through 2030—but not to as high a level as was forecast a year ago, reports the Canadian Association of Petroleum Producers.

Halcon boosts Tuscaloosa Marine shale work

Jun 9, 2014

Halcon Resources Corp., Houston, plans this year to spud 10-12 operated wells in the Tuscaloosa Marine shale (TMS) and to participate in 15-20 other wells in the play. To support the work, it has signed a definitive agreement with affiliates of Apollo Global Management LLC (AGM), New York, for investment of as much as $400 million.

Washington refinery finds new owner

Jun 9, 2014

Global commodities logistics and trading firm TrailStone Group has acquired US Oil & Refining Co. (USOR), including the 42,000-b/d Tacoma, Wash., refinery, from Astra Transcor Energy NV, a subsidiary of Compagnie Nationale a Portefeuille SA, Belgium.

McClendon’s American Energy units to acquire acreage in major US basins

Jun 9, 2014

American Energy–Permian Basin LLC (AEPB), American Energy–Utica LLC (AEU), and American Energy-Marcellus LLC (AEM), all affiliates of Oklahoma City-based American Energy Partners LP (AEP), have each signed agreements to acquire acreage in the Permian, Utica, and Marcellus basins, respectively, in deals totaling $4.25 billion.

BHP exec: Shale success requires rethinking business approach

Jun 9, 2014

Big Oil can be successful in shale but it requires a relentless focus on improving productivity and an ability to be nimble, said Rod Skaufel, president of North American shale for Melbourne-based BHP Billiton.

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