Gastar Exploration Ltd.said it is closing on the sale of its East Texas properties toCubic Energy Inc., a transaction that was delayed multiple times to accommodate the financing needs of Cubic (seeShale Daily,Sept. 25). Gastar said it expects to receive $39.2 million in proceeds in addition to the $4.7 million deposit previously paid by Cubic by Oct. 2. The deal was announced in April (seeShale Daily,April 23).
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Newfield, Hess Terminate Leases in Northeast Pennsylvania
In a blow to oil and gas development in northeast Pennsylvania, Newfield Exploration Co. and its joint venture (JV) partner, Hess Corp., have terminated about 1,500 leases in the region and dashed hopes that landowners could earn about $187.5 million in lease payments.
July 17, 2013
New Gathering Lines to Spur Utica Production
Analysts believe operators in the Utica Shale will soon be able to bring many of their wells into production, thanks to progress in building new gathering lines, but they also caution that investors may have set their expectations too high for areas outside of the play’s core.
July 15, 2013
Utica Infrastructure Gains to Spur Production
Analysts believe operators in the Utica Shale will soon be able to bring many of their wells into production, thanks to progress in building new gathering lines, but they also caution that investors may have set their expectations too high for areas outside of the play’s core.
July 15, 2013
Magnum Hunter Readies Growth on Added Marcellus Pipe Capacity
Magnum Hunter Resources Corp. is planning to build production through the rest of this year from its substantial asset base in the Appalachian Basin after being knocked back early this year from a lack of pipeline capacity for natural gas liquids (NGL), CEO Gary Evans said Tuesday.
July 11, 2013
PIRA: Global LNG Dynamics Will Be Felt at Henry Hub
Potential exports of liquefied natural gas (LNG) representing 5-15% of U.S. natural gas production will bring “significantly more” volatility to Henry Hub gas prices, with more exports making for greater volatility, consultancy PIRA Energy Group said in a new report.
June 17, 2013
U.S. LNG Exports Seen Importing Volatility
Potential exports of liquefied natural gas (LNG) representing 5-15% of U.S. natural gas production will bring “significantly more” volatility to Henry Hub gas prices, with more exports making for greater volatility, consultancy PIRA Energy Group said in a new report.
June 17, 2013
Pennsylvania Bills Would Expand NatGas Service in Heart of Marcellus
A pair of bills designed to tap “affordable natural gas in the MarcellusShale” and bring gas service to more consumers in Pennsylvania has been approved by the state’s Senate and moved to the House of Representatives for consideration.
June 14, 2013
The Last Outpost: Maine NatGas Pipes, Legislation Advance
The race to bring natural gas to Maine’s Kennebec Valley continues, with Summit Natural Gas of Maine announcing Tuesday that it has begun the build-out of its $350 million transmission and distribution system into the area.
June 10, 2013
NatGas Pipeline Construction, Legislation Advance in Maine
The race to bring natural gas to Maine’s Kennebec Valley continues, with Summit Natural Gas of Maine announcing Tuesday that it has begun the build-out of its $350 million transmission and distribution system into the area.
June 6, 2013
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