Magnum Hunter Resources Corp. unit Bakken Hunter LLC has agreed to acquire Williston Basin properties from an affiliate of Baytex Energy Corp. for $311 million in cash. The company also said Wednesday it is trimming spending in Appalachia because of low natural gas prices.
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Coordinated Regulation, Not New Laws, Recommended for Colorado
Coordinated regulation of oil and gas development is needed in Colorado, but no new laws are needed to achieve such an approach, according to a draft report from a task force created earlier this year by Gov. John Hickenlooper. The task force is scheduled to issue its final report to Hickenlooper and state lawmakers Wednesday.
New System to Help Operators Manage Compliance in Marcellus Basin
RegScan, a developer of regulatory compliance products, and the Independent Petroleum Association of America (IPAA) have jointly come up with a system to help oil and natural gas operators comply with the different well stages in the Marcellus Shale basin.
U.S. Has Most Gas Storage Capacity, And it Needs it, AGA Reports
The United States has the largest gas storage asset in the world with more than 400 natural gas storage fields, according to the American Gas Association (AGA) in its most recent “Survey of Underground Storage of Natural Gas in the United States and Canada.”
Idaho Weighs Gas Drilling Proposals
The Idaho Association of Counties (IAC) and the Idaho Petroleum Council (IPC) have struck an agreement on guidelines that would allow counties more control over natural gas exploration operations.
Producers Implementing More Best Practices, AGA Says
Producers of natural gas are turning a set of resource development principles articulated last year by the American Gas Association (AGA) into action, according to AGA, which this week issued a report detailing new best practices that producers are implementing.
Canada Producer Group Crafts Fracking Practices
The Canadian Association of Petroleum Producers (CAPP) on Monday published hydraulic fracturing (fracking) operating practices for shale and tight natural gas development to improve water management, as well as water and fluids reporting, across the country.
Pipeline Group Urges PHMSA to Not Overregulate
The Interstate Natural Gas Association of America (INGAA), which represents the nation’s major interstate gas pipelines, late Friday submitted answers to 120 questions posed by the Pipeline Hazardous Materials and Safety Administration’s (PHMSA) proposed rulemaking on pipeline safety.
Aither, RMG Partner to Fund Marcellus Cracker
Renewable Manufacturing Gateway (RMG) and Aither Chemicals LLC have agreed to collaborate on a $750 million ethane cracker for Marcellus Shale gas, the two nonprofit organizations said Monday. A specific location within southwestern Pennsylvania, Ohio or West Virginia for the facility has not been identified, they said.
People
Western Energy Alliance’s (WEA) board of directors has selected Tim Wigley to be the trade association’s new president. Wigley comes to WEA from PAC/WEST, where he managed the firm’s Washington, DC, operations. From 1998-2002 Wigley served as president of the Oregon Forest Industries Council, an organization dedicated to protecting and promoting the interests of industrial forestland owners. WEA represents 400 companies engaged in all aspects of environmentally responsible exploration and production of oil and natural gas in the West.