Newfield Exploration Co. Thursday raised its 2011 capital budget to $1.9 billion from $1.7 billion set at the beginning of the year. The increase largely relates to leasing in “an undisclosed resource play,” said CEO Lee Boothby during a conference call with financial analysts.
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Pennsylvania to Hold Marcellus Meetings
Pennsylvania Lt. Gov. Jim Cawley (R) announced Thursday that four working groups created by the Marcellus Shale Advisory Commission will meet beginning on Monday (April 11).
Quake Fears Halt Some Fayetteville Waste Injections
Oklahoma City-based Chesapeake Operating Inc. and Little Rock, AR-based Clarita Operating LLC agreed Friday to halt drilling waste injection activities at two disposal wells while a potential link between injection activities and earthquakes in the Fayetteville Shale region is examined.
Duvernay Shale Has Been a Tough Nut to Crack
More than two years after a spectacularly expensive takeover called attention to Alberta’s vast Duvernay geological formation, drilling is beginning — and the deep shale target is turning out to be expensive to hit.
Duvernay Shale Has Been a Tough Nut to Crack
More than two years after a spectacularly expensive takeover called attention to Alberta’s vast Duvernay geological formation, drilling is beginning — and the deep shale target is turning out to be expensive to hit.
Shale Liquids Helped Fuel Earnings Increase, Enterprise Says
The growth of natural gas liquids (NGL) production from North American shale plays helped Enterprise Products Partners LP (EPD) set a net income record in 2010, according to COO Jim Teague.
‘Night Dragon’ Stalking Energy Company Data
Beginning in November 2009 “cyberattacks were launched against several global oil, energy and petrochemical companies,” McAfee Labs Chief Technology Officer George Kurtz wrote in a blog post last week introducing the firm’s white paper on its investigation of the attacks. The attacks, which the security firm is calling “Night Dragon,” are believed to have originated in China.
‘Night Dragon’ Stalking Energy Company Data, Says Security Firm
Beginning in November 2009 “cyberattacks were launched against several global oil, energy and petrochemical companies,” McAfee Labs Chief Technology Officer George Kurtz wrote in a Wednesday blog post introducing the firm’s white paper on its investigation of the attacks. The attacks, which the security firm is calling “Night Dragon,” are believed to have originated in China.
Magnum Hunter Ramps Up in West Virginia
The first well drilled by Magnum Hunter Resources Corp. into the northwestern West Virginia portion of the Marcellus Shale tested at an initial production (IP) rate of 7.0 MMcfe/d and was producing as of Dec. 22 into the recently completed Eureka Hunter Pipeline system, the company said.
LNG Re-Exports Approved For Cameron Terminal
Sempra LNG Marketing LLC may begin exporting previously imported liquefied natural gas (LNG) from the Cameron LNG Terminal in Cameron Parish, LA, beginning Feb. 1.