At a torch-passing of sorts Wednesday, both outgoing and incoming CEOs for Marathon Oil Corp. had plenty to say about the Bakken and Eagle Ford shale plays, but new CEO Lee Tillman spoke more loudly about future opportunities during a second quarter earnings conference call in which results were said to be up sharply.
Bakken
Articles from Bakken
EOG Increases Production Growth Estimate on Eagle Ford Strength
Production of crude oil, condensate, natural gas liquids (NGL) and other liquids was up 30% in 2Q2013 at EOG Resources compared with 2Q2012, and the Houston-based company expects significant increases to come in the full year 2013.
Eagle Ford, Bakken, Permian Production Soars 47% for ConocoPhillips
ConocoPhillips saw its combined production in the Permian Basin, Eagle Ford and Bakken shales nearly double during 2Q2013, and it expects to see future growth from its holdings as it transitions to multi-well pad drilling and experiments with tighter well spacing and hydraulic fracturing (fracking) stages.
House Bill Bars Interior from Enforcing Federal Frack Rules
The House Natural Resources Committee Wednesday voted out a bipartisan bill that would prohibit the Department of Interior from enforcing federal hydraulic fracturing (fracking) regulations.
Frack Sand Facility Readied in Northwestern Alberta
A state-of-the-art terminal in northwestern Alberta to provide sand for unconventional drilling operations is set to open this November, Edmonton-based Di-Corp said Wednesday.
Shales Are a Means, Not an End, Says CERA Co-Founder
The shale gas and oil revolution has created a 20-year opportunity for technology and sustainable economic development, but to realize its full potential, the people who think about energy will have to adopt a new mindset, Deloitte’s Joseph Stanislaw said in a new whitepaper, in which he argues that shale resources should be a bridge to a lower-carbon future.
North Dakota Official Says USGS Williston Assessment ‘Conservative’
The U.S. Geologic Survey’s (USGS) assessment of the Williston Basin’s Bakken Shale and Three Forks formation in North Dakota, Montana and South Dakota, which combined was estimated at 7.4 billion bbl of technically recoverable oil, is “very conservative,” according to North Dakota’s chief oil and gas regulator.
Magnum Hunter Drilling First Utica Target
Magnum Hunter Resources Corp. said Friday it has dropped a drillbit into its first Utica Shale horizontal target in Ohio’s northern Washington County.
Phillips 66 Gulf Coast Fractionator to Bypass Mont Belvieu
In its efforts to maximize the opportunities provided by the domestic shale oil and gas boom, Houston-based Phillips 66 said it plans to develop a 100,000 b/d natural gas liquids (NGL) fractionator in Old Ocean, TX, which would provide an alternative for suppliers wary of congestion at facilities located in and around Mont Belvieu, TX.
U.S. NatGas Rig Count Won’t Top 450 This Year, Says Analyst
The recent surge in natural gas prices may have provoked some optimism in the energy sector, but it’s not enough to encourage more drilling, according to Barclays Capital, which expects the rig count to not surpass 450 this year.