The City Council of Auburn, NY, voted Thursday to stop accepting wastewater generated from hydraulic fracturing (fracking) at natural gas wells, ending more than a decade of the practice and eliminating a major source of revenue for the city.
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Articles from Base
Shale Projects to Drive Alta Resources, Blackstone Joint Venture
Alta Energy Partners, a newly formed joint venture of privately held Alta Resources LLC and an affiliate of The Blackstone Group, launched plans Tuesday to invest up to $1 billion in unconventional natural gas and oil properties in North America.
April 13, 2011
Low Prices Just Too Tempting; April Scores Double-Digit Gain
April natural gas futures rose Monday as end-users took advantage of sub-$4 pricing and discounted forecasts calling for milder if not unseasonably warm temperatures. At the close April had gained 11.8 cents to $3.927 and May rose 9.7 cents to $3.984. April crude oil added $1.02 to $105.44/bbl.
March 8, 2011
Magnum Hunter Aims to Capitalize on Acquisitions in 2011
Despite reporting a $16.3 million net loss for 2010, Magnum Hunter Resources Corp. believes that recent and pending acquisitions could help the company more than triple production, allowing it to compete with bigger companies in three major shale plays.
February 23, 2011
GMX Resources Adds Oily Bakken, Niobrara Reserves
GMX Resources Inc. (GMXR) said it has branched out from its Haynesville/Bossier natural gas-directed properties, collecting about 67,724 net acres within the core horizontal oil development areas of the Bakken/Sanish-Three Forks Formation in the Williston Basin and the Niobrara Formation in the Denver-Julesburg (DJ) Basin.
February 2, 2011
Range Marks 32nd Quarter of Production Growth
Unconventional play-focused Range Resources Corp. charted record quarterly production in 4Q2010 with an average of 541 MMcfe/d, an 18% jump from the year-ago period and an 8% increase from the previous quarter, the company said.
January 21, 2011
Transportation Notes
El Paso will be working on the Gallup C Station scrubber filters Dec. 1-2. From an estimated base of 2,880 MMcf/d for San Juan Basin and San Juan Mainline, capacity will be reduced by 295 MMcf/d each day, the pipeline said.
November 19, 2010
Analysts: Credit Uncertainty Around EXCO Buyout
The board of EXCO Resources Inc. has formed a special committee to consider a buyout proposal from CEO Douglas H. Miller. Evaluation of the offer — and any others that might come — is expected by analysts to take anywhere from six to 12 months.
November 8, 2010
ExxonMobil Adds to Haynesville/Bossier Leasehold
ExxonMobil Corp. in July quietly purchased more acreage in the Haynesville/Bossier Shale, a company executive disclosed Thursday.
October 29, 2010
South Texas Processing ‘Super System’ In the Works
Southern Union Co.’s Trunkline Gas Co. has signed a precedent agreement with DCP Midstream LLC to provide long-term, firm transportation service for liquids-rich gas. DCP Midstream will be the anchor shipper on a modified portion of the Trunkline system in South Texas focusing on Eagle Ford Shale production.
October 28, 2010
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