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Faced with shareholder unrest and a still to-be-determined permanent CEO, Talisman Energy Inc. on Friday agreed to sell a slice of its natural gas-rich Montney formation acreage in British Columbia (BC) for C$1.5 billion.

In the soft drink world, Coke’s nemesis is Pepsi. But in the steel industry coke risks being undone by low-cost natural gas.

For unconventional natural gas and oil production to prove its mettle, water management has to be at the top of every operator’s list, according to researchers.

Because of the “pent up” supply of gas in the Marcellus and Utica shales, shipper interest in capacity on ANR Pipeline’s Lebanon Lateral 2014 Reversal Project was much greater than anticipated, said an executive with TransCanada, which owns ANR.

Weekend and Monday deliveries of physical gas skidded 8 cents on average nationally in Friday trading with East and Northeast points the hardest hit and only a handful of points in positive territory.

It was a rough week for the bulls as NGI’s National Spot Gas Average fell a hefty 17 cents from the previous week to $3.45. All regions of the country were down by double digits and only a handful of individual points in the Northeast managed to make it to the positive side of the trading ledger.

A vast 449 Tcf of natural gas, 14.9 billion bbl of natural gas liquids (NGL) and 1.1 billion bbl of oil await production in just the best known, most accessible western Canadian shale deposit, according to a federal and provincial report on the Montney geological formation.

EnerVest Ltd. is the buyer of SM Energy Co.’s Anadarko Basin properties, including its Granite Wash interests. The sale resulted in cash proceeds of $343 million for Denver-based SM Energy and adds to Granite Wash holdings EnerVest acquired earlier this year.

During the third quarter, Pioneer Natural Resources Co. turned in some landmark results in the Wolfcamp Shale as the company continued to de-risk the West Texas play.