Arkansas

Growing gas production from unconventional basins in Texas, Oklahoma and Arkansas as well as the still-anticipated influx of large volumes of liquefied natural gas (LNG) on the Gulf Coast launched aggressive efforts by gas storage developers to expand existing and construct new facilities. Trouble is, according to one consultant, there may be more storage withdrawal capacity than there is pipeline capacity to handle it.

Continuing to increase its stake in the growing production region of Oklahoma and Arkansas known as the Arkoma Basin, Radnor, PA-based Penn Virginia Corp. closed a land acquisition for $47.9 million in eastern Oklahoma primarily targeting Hartshorne coalbed methane (CBM), with upside potential in the Woodford and Caney shales, the company said. The deal marks Penn Virginia’s second Arkoma acreage acquisition in a little more than a year.

Continuing to increase its stake in the growing production region of Oklahoma and Arkansas known as the Arkoma Basin, Radnor, PA-based Penn Virginia Corp. closed a land acquisition for $47.9 million in eastern Oklahoma primarily targeting Hartshorne coalbed methane (CBM), with upside potential in the Woodford and Caney Shales, the company said Thursday. The deal marks Penn Virginia’s second Arkoma acreage acquisition in a little more than a year.

Calgary-based Triangle Petroleum Corp. said it is continuing to build is presence in the Barnett Shale of Texas and the Fayetteville Shale of Arkansas. Both areas are core to the company and are predicted to provide “a strong and repeatable base of drilling opportunities.”

Calgary-based Triangle Petroleum Corp. said it is continuing to build is presence in the Barnett Shale of Texas and the Fayetteville Shale of Arkansas. Both areas are core to the company and are predicted to provide “a strong and repeatable base of drilling opportunities.”

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