2011

Penn Virginia Corp.’s 40% working interest partner in its Lavaca County, TX, Eagle Ford Shale acreage has elected to go “nonconsent” on the last 17 initial unit wells on the acreage. Penn Virginia said it will seek a partner to acquire the 40% working interest. Of 17 initial unit wells, seven have been drilled, two are being drilled and eight remain to be drilled, the company said. The current working interest partner will have no participatory rights in any subsequent wells drilled in the unit. As a result, Penn Virginia’s net Eagle Ford acreage in Lavaca County will increase from about 9,200 acres to about 13,400 acres upon the drilling of all of the initial unit wells. “We expect that each of the drilling units will support up to an additional four primary development wells after the initial well,” Penn Virginia said. “To date, our Lavaca County wells have generally met or exceeded expectations with average reserves of approximately 500,000 boe and attractive economics.” In October, Penn Virginia acquired about 4,100 net Eagle Ford acres in Gonzales and Lavaca counties for about $10 million. Other nonoperated working interest owners were expected to acquire some of the acreage (see Shale Daily, Oct. 4). One year ago, the company said it was exploring the Eagle Ford with an undisclosed “major oil and gas company” (see Shale Daily, Dec. 21, 2011).

Tom Hassenboehler, who has been vice president of policy development and legislative affairs at America’s Natural Gas Alliance (ANGA) since January 2011, is taking over as chief counsel for the Energy and Power Subcommittee of the House Energy and Commerce Committee, which has jurisdiction over controversial energy and environmental issues. Hassenboehler previously worked on Capitol Hill for a decade as counsel for Sen. James Inhofe (R-OK) on the Senate Environmental and Public Works Committee, and as counsel on the House Energy and Commerce panel. He also worked in the offices of former Reps. Billy Tauzin (R-LA) and Bob Riley (R-AL). Hassenboehler will succeed Maryam Brown, who House Speaker John Boehner tapped to be his top energy aide, according to sources. He has a bachelor’s degree and juris doctorate from Louisiana State University.

Tom Hassenboehler, who has been vice president of policy development and legislative affairs at America’s Natural Gas Alliance (ANGA) since January 2011, is taking over as chief counsel for the Energy and Power Subcommittee of the House Energy and Commerce Committee, which has jurisdiction over controversial energy and environmental issues. Hassenboehler previously worked on Capitol Hill for a decade as counsel for Sen. James Inhofe (R-OK) on the Senate Environmental and Public Works Committee, and as counsel on the House Energy and Commerce panel. He also worked in the offices of former Reps. Billy Tauzin (R-LA) and Bob Riley (R-AL). Hassenboehler will succeed Maryam Brown, whom House Speaker John Boehner tapped to be his top energy aide, according to sources. He has a bachelor’s degree and juris doctorate from Louisiana State University.

A subsidiary of EmKey Energy LLC has acquired the rights to a 75-mile right-of-way (ROW) through three counties in New York’s Southern Tier, in the heart of the state’s portions of the Marcellus and Utica shales.

Magnum Hunter Resources Corp.’s Bakken Hunter LLC is buying existing wells and about 20,000 net Williston Basin lease acres in Divide County, ND, from Samson Resources Co. for $30 million in cash.

EnerVest Ltd., the second biggest leaseholder in the Utica Shale after Chesapeake Energy Corp., should complete the sale of a big chunk of its leasehold by the end of the year, CEO John Walker said Friday. The property sale could fetch as much as $6 billion for the privately held Houston operator and publicly traded arm EV Energy Partners (EVEP).

After more than a century of production from conventional pools, astronomical volumes still await the new methods of extracting natural gas and oil from Alberta’s shale, according to provincial earth scientists.

WPX Energy Inc. announced a net loss of $64 million for 3Q2012 on Thursday, but it also reported significant growth in oil production in the Bakken Shale and tripled natural gas production in the Marcellus.

Hurricane Sandy appears to have posed a minimal disruption to oil and gas companies operating in the Marcellus Shale.