The U.S. unit of Australia’s Aurora Oil & Gas Ltd. has raised its 2013 guidance for Eagle Ford Shale well count by 25-30% and said it plans to spend $430-465 million this year on drilling and related infrastructure.
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Atlas Pipeline Partners LP said Monday it was accelerating the completion of a $200 million, 200 MMcf/d processing plant in West Texas and separately has signed a contract with SandRidge Energy Inc., the partnership’s largest producer customer in the Mississippian Lime.
Global oil production capacity increases, especially from unconventional U.S. oil, are accelerating so quickly that output could jump almost 20% by 2020, which could dramatically reduce and possibly collapse oil prices, according to an analysis by a Harvard Kennedy School researcher and former oil industry executive.
After glutted markets and gutted prices for natural gas cut the cost motive, environmental anxiety still drives an accelerating Alberta quest to reduce fuel consumption by oilsands projects.
The Tulsa, OK, Metropolitan Transit Authority is accelerating plans to replace all of its diesel-powered bus fleet with compressed natural gas (CNG) buses, and it has signed a contract with Clean Energy Fuels Corp. to design, build, operate and maintain a CNG fueling station.
A deal is on the table and could be completed in the coming weeks to bring in a partner to develop the Eagle Ford Shale, an Anadarko Petroleum Corp. executive said Thursday.
The persistently sharp contrast between expensive oil and cheap gas has had dramatic effects on Western Canadian drilling, boosting activity and accelerating a trend to targeting oil rather than gas.
Less than a month after receiving a 3 MW order from a large independent oil and gas company for deployment in the producer’s acreage in the Eagle Ford Shale play in South Texas, Capstone Turbine Corp. said Thursday it has received a follow-on order from the same undisclosed company for six more C1000 Power Packages, accounting for an additional 6 MW.