Det Norske Veritas (DNV), a Norwegian-based risk management foundation, has published recommended practices (RP) to guide operators that extract shale natural gas.
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Deloitte: North American Shale Magnet for Foreign Companies
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.
Colorado Drilling Water Tests Draw Mixed Reviews
Colorado on Monday established new mandatory water sampling requirements for oil and natural gas drilling drawing criticism from industry and environmental groups. Sampling of multiple water wells before and after drilling is now required.
For Third Consecutive Year, Comstock Targets Oil in South, West Texas
Comstock Resources Inc. announced Monday that it plans to spend about $420 million on exploration and development activities in 2013, with a drilling program focused on its oil-weighted holdings in South and West Texas — in the Eagle Ford Shale and Wolfbone and Wolfcamp formations in the Permian Basin, respectively.
BC Shales, Export Potential Forecast to Lift Canada Gas Market
Canada’s natural gas industry will see a difficult market over the next several years, marked by lower prices, falling production and a decline in exports to the United States, but unconventionals will turn around the economy once new export terminals are completed in British Columbia (BC), the Conference Board of Canada said Monday.
CenterPoint Seeks to Start Up Arkansas Replacement Project
CenterPoint Energy Gas Transmission (CEGT) has asked FERC for authorization to carry out activities to place its 17-mile, small-diameter Line replacement project in southwestern Arkansas in service by Nov. 12.
Quicksilver Horn River, Barnett Deals Yet? Wait for It…
During an earnings conference call Tuesday, analysts peppered the management of Fort Worth, TX-based Quicksilver Resources Inc. with questions about efforts to establish a joint venture (JV) in the Horn River Basin and take a partner in the Barnett Shale, but executives were tight-lipped, not wanting to disclose details of talks.
ZaZa Energy: We’re Unlocking the Eaglebine
Houston-based ZaZa Energy has completed drilling and casing its Eaglebine Stingray A-1H well in Walker County, TX, and said evaluation results are “very encouraging,” with estimates of 21 Bcf of gas and 29 million bbl of oil per section in place. ZaZa said it expects to begin hydraulic fracturing operations on Nov. 12, with initial production planned for late November.
Southwestern Doubles Marcellus Production
During the third quarter, Southwestern Energy Co. grew natural gas and oil production by 12% from a year ago. Costs associated with its Fayetteville Shale activities declined while well results there improved. Marcellus Shale production more than doubled from a year ago, and the company continues to find its way in the emerging Brown Dense play.
Southwestern Growing in Marcellus, Learning in Brown Dense Play
During the third quarter, Southwestern Energy Co. grew natural gas and oil production by 12% from a year ago. Costs associated with its Fayetteville Shale activities declined while well results there improved. Marcellus Shale production more than doubled from a year ago, and the company continues to find its way in the emerging Brown Dense play.