Australia’s Austin Exploration Ltd. has struck an agreement for Houston-based Halcon Resources Corp. to participate in its Birch Project in the northeastern Eagle Ford Shale. Halcon’s founders are Eagle Ford veterans, having pioneered the play with a previous company.
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The oil and gas industry is lionizing George Phydias Mitchell, 94, who died at his home on Friday in Galveston, TX. Mitchell is credited with pioneering unconventional drilling techniques that have opened up North America’s natural gas and oil potential.
Houston-based eCORP Stimulation Technologies LLC claims to have successfully tested a waterless hydraulic fracturing (fracking) fluid consisting solely of propane in Frio County, TX, in the Eagle Ford Shale. The test simulated conditions in the shale play at 5,950 feet, the company said.
Cash prices advanced 8 cents on average Thursday as a winter storm that began in the West and Rockies marched through the Great Plains and into the Great Lakes. Only a few Northeast points showed declines.
Under increasing scrutiny since the San Bruno natural gas transmission rupture and explosion two years ago, Pacific Gas and Electric Co. (PG&E) on Thursday announced its use of advanced pipeline leak-detection equipment.
A technologically advanced fuel tank for liquefied natural gas (LNG) trucks was unveiled Monday by British Columbia-based Westport Innovations Inc., which claims its latest advances allow fueling for even the largest LNG vehicles on a single tank with expanded range.
Seeking to reduce its greenhouse gas (GHG) footprint, the freight unit of Federal Express Corp. (FedEx) is beta testing an advanced liquefied natural gas (LNG)-only Class 8 truck engine in two new tractors used in the company’s Dallas, TX, service center.
The overall cash market advanced another 6 cents on average with only a minority of points in the loss column and some locations sporting double-digit gains. Rockies and northern California points were strong as well as the Gulf Coast and the Midcontinent. Much to the delight of market technicians, futures put in a new high, and at the close November was 3.0 cents higher at $3.617 and December had added 4.3 cents to $3.947. November crude oil followed slumping equity markets and dropped $2.05 to $90.05/bbl.