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BP Discloses Bigger Eagle Ford Position

BP plc has accumulated close to 450,000 net acres in the the Eagle Ford Shale in South Texas, executives said Tuesday.

February 9, 2012

National Fuel Cuts Seneca Capex, Two Marcellus Rigs

National Fuel Gas Co. (NFG) said low natural gas prices were forcing its Seneca Resources Corp. subsidiary to scale back capital expenditures (capex) on exploration and production (E&P) for fiscal 2012, which includes dropping two of its six drilling rigs in the Marcellus Shale.

February 8, 2012

Warm Weather, Shale Production Holding Down 2012 Price Forecasts

Unusually warm winter weather and the ongoing production boom from the nation’s shale plays will help keep natural gas spot prices down in 2012, the Energy Information Administration (EIA) and analysts at Bank of America Merrill Lynch (BofA) said in separate reports Monday.

January 11, 2012

Carrizo Tops Production Goal in Eagle Ford

With recent production from the Eagle Ford Shale and Niobrara Formation, Carrizo Oil & Gas Inc. passed its target of 5,000 net b/d, the company announced Wednesday.

December 29, 2011

Foreign Investors Eyeing Stake in Frac Tech, Sources Say

Texas-based Frac Tech Services LLC, a hydraulic fracturing (fracking) specialist, apparently is in talks to sell a stake in the company to one of three foreign oil giants for $2 billion-plus and also is close to completing joint ventures (JV) to work overseas on unconventional oil and gas prospects, sources told NGI’s Shale Daily on Thursday.

December 19, 2011

Cheniere Plans to Liquefy, Export Eagle Ford Gas

Last week Cheniere Energy Inc. said it was launching another project to liquefy and export domestic gas. This came only days after it said it had signed the third contract for its first liquefaction and export project.

December 19, 2011

Utility Promoting Pipelines for Marcellus Water

The head of a major Pennsylvania water utility sees a two-fer in convincing Marcellus Shale operators to replace trucks with pipelines to supply water for fracking, thereby saving roads and supplying piped water to rural customers.

October 31, 2011

Support Seems Illusory, But Virtually All Points Up

Somewhat improbably, the cash market built upon Friday’s modest gains, which came amidst mixed price moves, with a fairly strong advance across the board Monday. The return of industrial load from its weekend dip was a minor bullish factor, but otherwise reasons for Monday’s upticks were difficult to discern.

September 27, 2011

Marketers 2Q2011: Big Names Report Declining Sales

Three of the top four natural gas marketers reported volume declines compared with the year-ago period, and 24 leading companies had total sales transactions of 123.44 Bcf/d in 2Q2011, a 3.50 Bcf/d (3%) decrease from the 126.94 Bcf/d they transacted in 2Q2010, according to NGI’s 2Q2011 Top North American Gas Marketers Ranking.

September 12, 2011

Industry CEOs Urge Strong Shale Gas Promotion, Leadership

The public debate over shale gas came to a head in Philadelphia last week, as industry executives touted their achievements, government officials praised and criticized those developments, and protestors shouted from the street outside the two-day Shale Gas Insight 2011 conference hosted by the Marcellus Shale Coalition (MSC).

September 12, 2011