Aurora Oil & Gas Ltd. has begun drilling activities earlier than expected on its recently acquired Eagle Ford Shale acreage, the Australia-based company said Monday.
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Ohio Water District Sells More Water to Gulfport, Enacts New Policy
The Muskingum Watershed Conservancy District (MWCD) has agreed to sell more water to Gulfport Energy Corp. for Utica Shale drilling activities, as it adopts a new short-term water sales policy and partners with the U.S. Geological Survey to study the impact of future water withdrawals.
Producers, Environmentalists Alike Lament Draft Fracking Rule
Oil and natural gas producers still are poring over the 171-page draft rule governing hydraulic fracturing (fracking) activities on public lands, and while proponents and opponents agree that some concessions were made by the agency in the latest rule to avoid duplication of state and tribal fracking requirements, they say BLM could have gone further.
Gulfport Accelerating Utica Drilling This Year
Gulfport Energy Corp. expects to increase the number operated horizontal rig count in the Utica Shale to seven from the current four by the end of June, and it has budgeted $494-504 million to drill 55-60 gross (49-54 net) wells in the play this year, company officials said Wednesday.
WPX Gas Discovery in Piceance Could ‘More Than Double’ 3P Reserves
With an average production rate of almost 10 MMcf/d in the first quarter, a discovery well in the Piceance Basin may produce in the first few months what a typical well in the Niobrara formation has done over 25 to 30 years, WPX energy CEO Ralph Hill said Thursday.
Marcellus Drives Antero Growth
While it let go of acreage in the Arkoma and Piceance basins last year, production from Antero Resources’ booming Marcellus Shale activities more than made up for their absence in the company’s portfolio of producing assets.
Refocused on Appalachia, Antero Grew Production Last Year
While it let go of acreage in the Arkoma and Piceance basins last year, production from Antero Resources’ booming Marcellus Shale activities more than made up for their absence in the company’s portfolio of producing assets.
North Dakota Report: Oil Economic Impact Up Sevenfold
North Dakota’s record-setting oil production pace has provided an economic boost that has increased sevenfold since 2004, reaching $30.4 billion in 2011, according to a study released by North Dakota State University (NDSU).
Ohio Judge Upholds Class Action Suit, Denies XTO Motion to Intervene
An Ohio judge has upheld a class action lawsuit against a Utica Shale driller, a decision that could release hundreds of landowners from undeveloped oil and natural gas lease agreements.
North American Shales Draw Global Investment
Unconventional oil and gas activities and production continued to make their significance felt in mergers and acquisitions (M&A) in the oil and gas sector last year, with much of the new domestic investment coming from foreign companies, according to Deloitte.