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DCP Midstream LLC and DCP Midstream Partners LP made several management and board changes effective Jan. 1. Tom O’Connor will retire as CEO of DCP Midstream but will remain chairman of the board for both DCP Midstream and DCP Midstream GP LLC, the general partner of DCP Midstream Partners, “until an appointed time in 2013.” Wouter van Kempen, formerly COO and president of DCP Midstream, will become CEO and president of DCP Midstream and CEO of the general partner. William Waldheim, president of the general partner, will join the general partner’s board. And, as had previously been announced, Mark Borer retired as CEO of the general partner on Dec. 31.

January 7, 2013
Goodrich Spending Targeting Oil in Eagle Ford, TMS

Goodrich Spending Targeting Oil in Eagle Ford, TMS

Goodrich Petroleum Corp. said Thursday it plans to spend between $175 million and $200 million on capital expenditures (capex) in 2013, most of which will go toward drilling for oil in the Eagle Ford Shale and Tuscaloosa Marine Shale (TMS), but a small portion will be spent on dry gas in the Haynesville Shale.

January 4, 2013

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DCP Midstream LLC and DCP Midstream Partners LP made several management and board changes effective Jan. 1. Tom O’Connor will retire as CEO of DCP Midstream but will remain chairman of the board for both DCP Midstream and DCP Midstream GP LLC, the general partner of DCP Midstream Partners, “until an appointed time in 2013.” Wouter van Kempen, formerly COO and president of DCP Midstream, will become CEO and president of DCP Midstream and CEO of the general partner. William Waldheim, president of the general partner, will join the general partner’s board. And, as had previously been announced, Mark Borer retired as CEO of the general partner on Dec. 31.

January 4, 2013

Magnum Hunter, Eclipse In Marcellus, Utica Venture

Magnum Hunter Resources Corp. and privately held Eclipse Resources I LP have struck a joint operating agreement covering a leasehold owned by both companies in the Marcellus and Utica shales in Monroe County, OH.

January 3, 2013
Texas Permitting, Gas Production Declining

Texas Permitting, Gas Production Declining

The number of original drilling permits issued in Texas during November declined from one year ago, as did the amount of natural gas produced from Texas wells during October compared to a year ago, according to Railroad Commission of Texas (RRC) figures.

December 28, 2012

Schlumberger, Baker Forecast Gloomy 4Q Results

Schlumberger Ltd. and Baker Hughes Inc. both expect fourth quarter profits to be lower than anticipated, in part because of a slowdown in North American drilling activity.

December 24, 2012

Schlumberger, Baker Forecast Gloomy 4Q Results

Schlumberger Ltd. and Baker Hughes Inc. both expect fourth quarter profits to be lower than anticipated, in part because of a slowdown in North American drilling activity.

December 19, 2012

New York Landowners Start Legal Fund to Target Frack Bans

A landowners group in central New York that supports natural gas development has established a legal fund to fight local bans and moratoriums on hydraulic fracturing (fracking).

December 13, 2012

Dow’s U.S. Shale ‘Feedstock Opportunities’ Seen on Track

Dow Chemical Co. officials on Monday said a comprehensive plan to connect U.S. operations with “cost-advantaged feedstocks” from abundant supplies of domestic shale gas is moving forward and is on track to deliver long-term competitive advantages for the worldwide operations.

December 5, 2012

Dominion Marcellus Projects Get Environmental Nod

FERC Friday issued favorable environmental assessments (EA) for two Marcellus Shale-related projects in Pennsylvania and New York: the Tioga Area Expansion Project and the Sabinsville-to-Morrisville Project.

December 5, 2012