Announcing

Corridor Perplexed by Early Results in New Brunswick Shale

Canada’s Corridor Resources Inc. saw its stock lose almost one-third of its value on Monday after announcing “unexpected and perplexing” results from a shale gas appraisal program in New Brunswick.

December 7, 2010

Analyst: Haynesville to Stay Strong Despite Shift to ‘Oilier’ Plays

Is the bloom coming off the Haynesville Shale rose because of its drier-gas nature, with a few producers announcing recently they will be refocusing exploration and production (E&P) efforts into “oilier” plays such as Eagle Ford in South Texas (see Shale Daily, Nov. 5; Nov. 4; Oct. 7)?

November 15, 2010

Range Posts 3Q Loss; Looks to Exit Barnett

In addition to announcing a significant shift in its shale strategy, Fort Worth-based Range Resources said this week that it has trimmed its quarterly losses from $29.8 million, or 19 cents/share during 3Q2009 to $8.2 million, or 5 cents/share for 3Q2010.

October 29, 2010

Oilfield Service Operators Seadrill, Allis-Chalmers to Merge

Seadrill’s majority-owned subsidiary Seawell Ltd. and Allis-Chalmers Energy Inc. have become the latest oilfield service providers to merge, announcing late Thursday that they would combine in a transaction valued at $890 million, including debt.

August 16, 2010

Ruby Pipeline Construction Gets FERC Green Light

Ruby Pipeline LLC has cleared the final regulatory hurdle to begin construction of its 680-mile east-to-west natural gas project, announcing last Monday that FERC has approved the company’s application for a Notice to Proceed and Construct.

August 9, 2010

Ruby Pipeline Construction Gets FERC Green Light

Ruby Pipeline LLC has cleared the final regulatory hurdle to begin construction of its 680-mile east-to-west natural gas project, announcing Monday that FERC has approved the company’s application for a Notice to Proceed and Construct.

August 3, 2010

Enterprise Lays Out Big Plans in the Eagle Ford Shale

Enterprise Products Partners LP is targeting the Eagle Ford Shale for infrastructure development in a big way, last week announcing multiple projects that include hundreds of miles of pipe and additional processing and fractionation capacity. The partnership plans to extend and expand its gas and natural gas liquids (NGL) capabilities in South Texas and Mont Belvieu, TX, its traditional backyard.

July 5, 2010

ConocoPhillips, Peabody Coal-to-Gas Plant Clears Hurdle

Two and a half years after announcing that they would explore development of a commercial-scale coal-to-substitute natural gas facility (see NGI, July 30, 2007), ConocoPhillips and Peabody Energy said last week the Commonwealth of Kentucky has issued a draft air permit for the Kentucky NewGas project, which would be sited near Central City in Muhlenberg County, KY.

December 21, 2009

ConocoPhillips and Peabody Coal-to-Gas Plant Clears Hurdle

Two and a half years after announcing that they would explore development of a commercial-scale coal-to-substitute natural gas facility (see Daily GPI, July 24, 2007), ConocoPhillips and Peabody Energy said Tuesday the Commonwealth of Kentucky has issued a draft air permit for the Kentucky NewGas project, which would be sited near Central City in Muhlenberg County, KY.

December 16, 2009

Interior Secretary Takes Oil and Gas Associations to Task

In announcing that the Interior Department plans to hold 38 quarterly oil and natural gas lease sales for onshore public lands in 2010, Interior Secretary Ken Salazar took the occasion to blast oil and gas trade associations for uttering “untruths” about the department’s onshore and offshore leasing programs, saying they were acting like an “arm of a political party” during an election year by “repeatedly” launching attacks against the department.

November 25, 2009