Chesapeake Energy Corp. is selling legacy properties in the Cana Woodford Shale, including the rights to 298 producing wells, “because it does not have the drilling budget to adequately develop the abundant additional opportunities in the area,” according to a sales listing. Ninety-eight percent of the leases are held by production.
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Articles from Because
Trunkline Criticized for Proposal to Cut Michigan Service
Trunkline Gas Co.’s proposal to abandon by sale 770 miles of its system has come under fire at FERC from Michigan customers served by the pipeline because it would reduce Trunkline’s service into the state to a single natural gas pipeline from the current two lines.
September 3, 2012
Trunkline Proposal to Reduce Michigan Service Under Attack
Trunkline Gas Co.’s proposal to abandon by sale 770 miles of its system has come under fire at FERC from Michigan customers served by the pipeline because it would reduce Trunkline’s service into the state to a single natural gas pipeline from the current two lines.
August 30, 2012
California Lawmakers Dump Frack Regulation Bills
As the deadline for moving proposed bills out of finance committees came and went Thursday, the California state legislature again gave up on measures designed to more closely regulate hydraulic fracturing (fracking).
August 20, 2012
New York Energy Official Lauds Natural Gas As ‘Bridge Fuel’
An energy official in New York Gov. Andrew Cuomo’s administration said natural gas is being viewed as a potential “bridge fuel” to the future, when technological advances will presumably open the door for renewables.
August 20, 2012
Canadian Natural Cuts 2012 Gas Drilling in Half
Canadian Natural Resources Ltd. has shut in an average 20 MMcf/d so far this year and now has 40 MMcf/d shuttered because of low natural gas prices, the Calgary producer said Thursday.
August 13, 2012
Canadian Natural Cuts 2012 Gas Drilling in Half
Canadian Natural Resources Ltd. has shut in an average 20 MMcf/d so far this year and now has 40 MMcf/d shuttered because of low natural gas prices, the Calgary producer said Thursday.
August 13, 2012
Access Midstream Earnings Boosted by Organic Growth
Access Midstream Partners LP, formerly Chesapeake Midstream Partners LP, reported that net income jumped more than 25% year/year in part because of increased business in the Marcellus and Barnett shales.
August 10, 2012
State Severance Taxes, Fracking Rules Rated
The four top natural gas producing states in the Lower 48 states — Texas, Oklahoma, Louisiana and Wyoming — are collecting severance taxes on their dry gas of between 14.7 and 18.5 cents/Mcf based on recent gas prices, according to a review of regulations and taxes by Washington, DC-based Resources for the Future’s Center for Energy Economics and Policy (CEEP).
August 9, 2012
EIA: Shale Gas Unproved Reserves Numbers Unchanged From January
The U.S. Energy Information Administration (EIA) said it estimates that shale formations in the United States contain 483 Tcf of unproved technically recoverable natural gas and 33.2 billion bbl of unproved technically recoverable tight oil.
July 24, 2012
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