NW Natural promoted CFO David Anderson to executive vice president for operations and regulation. Anderson was a senior vice president/CFO with TXU Gas prior to joining NW Natural as its CFO in 2004. Also, Stephen Feltz was promoted to senior vice president and CFO, and C. Alex Miller was promoted to treasurer.
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Marathon Oil Corp. production targets are being raised sharply for its growing plays in the Eagle Ford and Bakken Shales, while the targeted sale of assets continues, as evidenced by a $170 million sale of a gas processing interest in Louisiana, CEO Clarence Cazalot said during a 4Q2012 conference call with financial analysts.
Anadarko Petroleum Corp. is doing “a lot” of experimentation in the U.S. onshore to determine how best to drill unconventional wells to ensure optimized estimated ultimate recoveries (EUR). What the management knows for sure is that the bigger the hydraulic fractures (fracks) the more a well can recover, said CEO Al Walker.
Carrizo Oil & Gas Inc. plans to spend $500 million on drilling and completions this year, with the lion’s share going to the Eagle Ford Shale in South Texas.
The Delaware River Basin Commission (DRBC), which governs water use for a portion of the Marcellus Shale, has launched an online reporting system for the Water Supply Charges Program (WSCP) to streamline operations. All reports beginning this year must be completed online; reporting and payment deadlines are unchanged.
MSC also released a longer video on social media channels and is asking viewers to submit their questions about natural gas production and use. The video includes a series of clips from a variety of news programs detailing the economic benefits of developing the Marcellus Shale.
Encore Energy Inc., acting in its capacity as lease advisor to mineral rights owners in eastern Ohio’s portion of the Utica Shale, announced Wednesday that it was currently shopping multiple tracts of “add-on” acreage to operators in the play.
Noble Energy Inc. is considering a move to larger offices in the Marcellus Shale to accommodate its growing presence in the play.
The San Antonio, TX, metropolitan area has gained about 4,000 jobs from the Eagle Ford shale Play, and its upcoming major road improvements could tap up to $12 million annually from the oil/gas development, according to a report released Tuesday by the San Antonio Economic Development Foundation.