Activities

FERC has given Golden Pass LNG Terminal LLC the green light to place into service its Phase II import terminal operations.

Newfield Exploration Co. Thursday raised its 2011 capital budget to $1.9 billion from $1.7 billion set at the beginning of the year. The increase largely relates to leasing in “an undisclosed resource play,” said CEO Lee Boothby during a conference call with financial analysts.

Three Ohio legislators have asked the state’s attorney general to determine the source of a five-page document that, if authentic, could prove individuals connected to the energy industry are using deceptive practices to persuade property owners to sign oil and gas leases.

Methane leaked during shale natural gas drilling and production activities is more than what comes from wells in conventional plays and is a more serious threat to global warming than carbon dioxide (CO2) released from coal, according to research conducted at Cornell University. However, the natural gas industry slammed the findings on multiple fronts and said the study author is an “anti-natural gas activist” who is attempting to “smear shale gas.”

New research suggests that methane leaked during shale natural gas drilling and production activities is more than that seen from wells in conventional plays and is a more serious threat to global warming than carbon dioxide (CO2) released from coal. However, the report’s findings drew criticism upon their release.

Some producers wouldn’t have sold their Barnett Shale assets and instead would have flat-lined activities there while they headed for the greener pastures of the Appalachian Basin’s Marcellus Shale, Range Resources Corp. CEO John Pinkerton conceded. But Range wanted to straighten its balance sheet and go at the Marcellus full bore, which its recent Barnett asset sale sets it up to do.

A liquids-focused unconventional oil and gas makeover at Houston-based Rosetta Resources Inc. is showing the company in a much improved light as it continues to ramp up its activities in the Eagle Ford Shale of South Texas, CEO Randy Limbacher told financial analysts last week.

A liquids-focused unconventional oil and gas makeover at Houston-based Rosetta Resources Inc. is showing the company in a much improved light as it continues to ramp up its activities in the Eagle Ford Shale of South Texas, CEO Randy Limbacher told financial analysts Monday.

This year Newfield Exploration Co. plans to continue its focus on oil and liquids-rich natural gas activities, which executives said last Thursday served the company well. By targeting the more lucrative commodities last year, the company grew oil’s share of its reserves portfolio to one-third.