Marathon Oil Corp., which began 2012 as a pure-play exploration and production (E&P) company, has its sights trained on two big shale plays in the United States: the Eagle Ford and the Bakken, company officials said Wednesday.
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Small California E&P Makes Big Play in Alaska Shale
San Diego, CA-based Royale Energy Inc., a publicly held exploration and production (E&P) independent with about 15 MMcf/d of gas production, mostly in Northern California, was the biggest bidder for Alaska North Slope shale oil plays offered last month in a state lease sale.
Transportation Notes
Because of increased flow on Algonquin and its resulting ability to blend additional supplies, Millennium said it was permitted Thursday to increase deliveries from 250,000 Dth/d to 325,000 Dth/d. Millennium said it planned to carry out the scheduled work Friday aimed at improving its moisture levels and restoring the Ramapo delivery point into Algonquin to full capacity.
CFTC Limits FCMs’ Investment of Customer Funds in Foreign Debt
The Commodity Futures Trading Commission Monday voted out a final rule that would limit a futures commission merchants (FCM) ability to invest customer money in foreign sovereign debt.
BHP In the ‘Shale of the Shales,’ Says Petroleum Unit Chief
Recent acquisitions have put Australia’s BHP Billiton Ltd. in the “shale of the shales” and positioned it to be a low-cost provider in the development-friendly United States, the company’s petroleum unit chief, J. Michael Yeager, told financial analysts, noting that plans to export liquefied U.S. gas to the rest of the world are racing ahead and BHP is ready.
Shale Boom: Supply, Prices Tough to Call
Technology advances have driven the shale boom and the industry’s ability to analyze markets, but it isn’t any easier to answer the question of how long abundant supplies and low prices will characterize the natural gas industry. That was one of conclusions from three experts on a panel at the LDC Gas Forum: Rockies & West conference last Tuesday in Los Angeles.
Shale Boom: Supply, Prices Tough to Call
Technology advances have driven the shale boom and the industry’s ability to analyze markets, but it isn’t any easier to answer the question of how long abundant supplies and low prices will characterize the natural gas industry. That was one of conclusions from three experts on a panel at the LDC Forum: Rockies & West conference on Tuesday in Los Angeles.
Shale Boom: Supply, Prices Tough to Call
Technology advances have driven the shale boom and the industry’s ability to analyze markets, but it isn’t any easier to answer the question of how long abundant supplies and low prices will characterize the natural gas industry. That was one of conclusions from three experts on a panel at the LDC Forum: Rockies & West conference on Tuesday in Los Angeles.
Fueled by Shale Gas, Dow Puts Pedal to Metal
Dow Chemical Co., the biggest U.S. chemical manufacturer, expects to see its earnings jump 16% in 2011 from a year ago, in part because of the ability to use inexpensive shale gas in its operations, CEO Andrew Liveris said last week.
With Shale Gas Fueling Growth, Dow Puts Pedal to the Metal
Dow Chemical Co., the biggest U.S. chemical manufacturer, expects to see its earnings jump 16% in 2011 from a year ago, in part because of the ability to use inexpensive shale gas in its operations, CEO Andrew Liveris said on Tuesday.