Magnum Hunter Resources Corp. brought online two new company-operated Eagle Ford Shale wells three days before Christmas. The wells’ best-ever results for the company in the Eagle Ford could have Magnum Hunter rethinking its idea of divesting Eagle Ford properties, said CEO Gary C. Evans.
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Valero Cleared to Move Eagle Ford Crude to Canada
The U.S. Commerce Department has granted Valero Energy Corp. a one-year authorization to ship crude oil from the U.S. Gulf Coast to a company-owned refinery in Quebec, Canada.
Volume of Comments Pushes Fracking Rule to 2013
Don’t expect the Department of Interior to come out with a final rule addressing hydraulic fracturing (fracking) on public lands before the end of the year, said an official representing exploration and production interests in the West.
Black Hills Sees Mancos Shale as Low-Cost Gas Source
The Mancos Shale plays in the Piceance and San Juan basins in Colorado and New Mexico are a potential gold mine of low-cost natural gas supplies, according to an executive from Rapid City, SD-based Black Hills Corp., who spoke Wednesday to Wall Street analysts at the J.P. Morgan SMid Cap Conference.
Trunkline Expects OK to Convert Gas Pipeline
Trunkline Gas Co. officials said they expect FERC to approve before the middle of next year plans to convert a multi-state natural gas pipeline to crude oil service.
Companies Lose Legal Battle to Extend Oil, Gas Leases in NY
In two separate but related cases in U.S. District Court for the Northern District of New York, a judge has ruled that energy companies can’t use the state’s de facto moratorium against high-volume hydraulic fracturing (HVHF) as an excuse to invoke force majeure to extend expiring oil and natural gas leases.
Trunkline Confident of OK to Convert Gas Pipeline to Crude
Trunkline Gas Co. officials said last week they expect FERC to approve before the middle of next year plans to convert a multi-state natural gas pipeline to crude oil service.
Piceance Sale Makes Antero an Appalachia Pure Play
Antero Resources is selling all of its natural gas and pipeline assets in the Piceance Basin for $325 million in cash plus assumption of its Rocky Mountain firm transportation obligations in order to focus more on the Marcellus and Utica shales.
Apache Breaks Production Records in Permian, Anadarko Basins
Higher rig counts and new infrastructure contributed to record production from the Permian and Anadarko basin operations, Apache Corp. said Thursday.
Frankenstorm Spurs House Dems’ Call for Climate Change Hearing
It was only a matter of time before Democrats called for a hearing to explore what role, if any, extreme weather events and climate change played in the Frankenstorm that slammed into the northeastern coast this week when Hurricane Sandy teamed with a cold front from the West to create a superstorm.