More Unconventional News

Apache’s 2015 capital budget less than half of last year’s $8.5 billion

Feb 12, 2015

Apache Corp., Houston, plans a capital budget of $3.6-4 billion in 2015, with $2.1-2.3 billion directed toward onshore North America and $1.5-1.7 billion for international and offshore.

Groups object to White River National Forest draft leasing decision

Feb 12, 2015

The Western Energy Alliance, West Slope Colorado Oil & Gas Association, and Public Lands Advocacy jointly filed a formal objection to the US Forest Service’s draft oil and gas leasing decision for the White River National Forest in western Colorado.

TransCanada challenges EPA’s comments on Keystone XL SEIS

Feb 11, 2015

TransCanada Corp. responded to the Feb. 2 comment letter from the US Environmental Protection Agency on the US Department of State’s final supplemental environmental impact statement (SEIS) for the Keystone XL crude oil pipeline.

PNR cuts capital spending nearly in half

Feb 11, 2015

Pioneer Natural Resources Co. (PNR), Dallas, plans to spend $1.85 billion in 2015 following a fourth quarter in which the company reported a net income of $431 million. The new budget represents a 45% reduction from 2014 capital spending for continuing operations, a change attributed to low oil prices.

EIA: US gasoline prices to average $1/gal less in 2015 vs. 2014

Feb 10, 2015

US regular gasoline retail prices are expected to average $2.33/gal in 2015, down from $3.36/gal in 2014, according to the Energy Information Administration’s (EIA) latest Short Term Energy Outlook (STEO).

FERC approves Constitution pipeline to move Marcellus gas northeast

Feb 10, 2015

The Marcellus and Utica natural gas plays have made headlines for years, but moving the gas to end users to the East has not been easy due to a limited pipeline capacity.

Marcellus briefs

Feb 10, 2015

Pennsylvania contemplates tax hikes to fix $2 billion deficit

Feb 10, 2015

A severance tax on unconventional natural gas development and production is likely to be part of Pennsylvania Gov. Tom Wolf's scheduled Mar. 10 budget address.

Utica briefs

Feb 10, 2015

Continental, South Korean firm to jointly develop northwest Cana Woodford

Feb 10, 2015

Continental Resources Inc., Oklahoma City, formed a joint venture with a wholly owned US subsidiary of SK E&S Co. Ltd. to jointly develop 44,000 net acres of Continental's northwest Cana Woodford natural gas assets, primarily in Blaine and Dewey counties, Okla.

Continental Resources completes more Springer wells

Feb 10, 2015

Wells competed by Continental Resources Inc. last year reaffirmed the repeatability and growth potential of the Springer play in South Central Oklahoma Oil Province (SCOOP), said Harold G. Hamm, Continental chairman and chief executive officer.

Tuscaloosa marine shale pinched by low oil prices

Feb 10, 2015

Halcon Resources is pulling out of the Tuscalossa Marine Shale for now while Comstock Resources Inc. suspended its drilling program there in response to falling oil prices.

New York state decides to ban hydraulic fracturing

Feb 10, 2015

New York state officials planned in 2015 to officially ban high-volume hydraulic fracturing, which would end a temporary moratorium that has existed in the state for years pending studies on the possible health consequences of fracturing in the Marcellus shale.

Maryland moves forward on fracturing regulations

Feb 10, 2015

Maryland state officials planned to draft regulations that would allow hydraulic fracturing in the Marcellus shale in West Maryland provided that natural gas producers abide by certain stipulations limiting the risks of water contamination and air pollution.

Fracturing becoming a common municipal ballot item

Feb 10, 2015

Various municipalities, including Denton, Tex., have banned or sought to ban hydraulic fracturing through ballot issues while some states such as New York have imposed moratoriums, citing environmental issues or health concerns.

WoodMac: Eagle Ford production tops 1 billion bbl

Feb 10, 2015

Analysts forecast increasing unconventional US production during 2015 with one of the prolific plays being the Eagle Ford shale in South Texas.

Accenture: Eagle Ford operators cut costs with integrated planning, better logistics

Feb 10, 2015

Accenture examined the importance of integrated planning and logistics as a way to save money for operators in the South Texas Eagle Ford, a region that the unconventional oil and gas industry already considers as a model for the manufacturing approach.

Eagle Ford briefs

Feb 10, 2015

Texas A&M studies water used for Eagle Ford fracturing

Feb 10, 2015

Development of unconventional plays led to a rapid proliferation of the use of hydraulic fracturing, which has boosted US production rates. Yet, fracturing remains under intense scrutiny for various reasons, including water usage.

Bakken briefs

Feb 10, 2015
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