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Cimarex: More Oil, NGL Production in 2012

Cimarex Energy Co. will spend $1.4-1.6 billion on capital expenditures (capex) in fiscal 2012, with nearly all of it devoted to drilling for oil and natural gas liquids (NGLs) in the Permian Basin and the Cana-Woodford Shale, company officials said Wednesday.

February 17, 2012

GeoSouthern Raises $1B for Eagle Ford Development

GeoSouthern Energy Corp. will use the proceeds from a $1 billion credit facility that closed Thursday to continue the development of its 173,000 gross acre position in the condensate and oil windows of the Eagle Ford Shale in South Texas, the privately held independent exploration and production company said.

February 13, 2012

GeoSouthern Raises $1B for Eagle Ford Development

GeoSouthern Energy Corp. will use the proceeds from a $1 billion credit facility that closed Thursday to continue the development of its 173,000 gross acre position in the condensate and oil windows of the Eagle Ford Shale in South Texas, the privately held independent exploration and production company said.

February 10, 2012

Magnum Hunter Building Out Appalachian Assets

Magnum Hunter Resources Corp. is expanding its operations in the liquids-rich Marcellus Shale.

January 31, 2012

Scientist: Quakes from Injection Wells Can Be Avoided

Earthquakes such as the one that forced a wastewater disposal well in Youngstown, OH, to be closed at the beginning of the year can be avoided if oil, natural gas and service companies are more knowledgeable of the local and regional geology.

January 30, 2012

Scientist Claims Industry Able to Avoid Quakes

Earthquakes such as the one that forced a wastewater disposal well in Youngstown, OH, to be closed at the beginning of the year can be avoided if oil, natural gas and service companies are more knowledgeable of the local and regional geology, according to an energy expert.

January 30, 2012

Traders Unimpressed by Gains; Lower Prices Seen on the Horizon

February natural gas closed modestly higher Tuesday as prices generally ignored soaring oil and equity markets and posted an ominous new low during the session. Traders suggested that further price declines were likely. At the close February had risen 0.4 cent to $2.993 and March had inched higher 0.6 cent to $3.022. February crude oil bounded higher by $4.13 to $102.96/bbl.

January 4, 2012

MarkWest, EMG Close on Liberty Sale

MarkWest Energy Partners LP has closed on its acquisition of partner The Energy and Minerals Group’s (EMG) 49% stake in MarkWest Liberty Midstream & Resources LLC.

January 3, 2012

Enterprise, Enbridge Plan Open Seasons for Seaway Pipeline

Enterprise Products Partners LP (EPP) and Enbridge Inc. will hold concurrent open seasons Jan. 4-Feb. 10 to solicit capacity commitments from shippers for an expansion of their Seaway crude oil pipeline and an extension of the pipeline into the Port Arthur/Beaumont refining market in southeast Texas, the companies said.

December 23, 2011

ConocoPhillips CEO: World Energy Solution Depends on Natgas

The shale gas revolution has improved global energy security and has helped a “mature industry be reborn through technology,” ConocoPhillips CEO Jim Mulva said this week in Qatar.

December 8, 2011