With a eye on natural gas prices, Dallas-based Exco Resources Inc. is dropping more than half of its drilling rigs in the Haynesville Shale this year, cutting one rig in the Marcellus and deferring well completions in natural gas plays. However, CEO Doug Miller said Friday there are “huge opportunities” to buy distressed properties, which the company intends to pursue.
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PG&E’s 2011 Pipe Testing ‘Just the Beginning,’ Exec Says
Pacific Gas and Electric Co. (PG&E) said Friday that it has completed hydrostatically testing more than 160 miles of its natural gas transmission pipeline system, completing a greatly stepped up pressure testing effort that is going to continue for years.
December 20, 2011
Spitzer Steps Down as FERC Commissioner
Federal Energy Regulatory Commissioner Marc Spitzer said Monday he will be stepping down from his post Wednesday after completing a five-year term on the Commission. Spitzer’s term expired on June 30, but in the absence of a replacement he is empowered to continue in the post until Congress goes into recess at the end of the year.
December 13, 2011
Kodiak Ups Capex, Adds Bakken Acreage
Kodiak Oil & Gas Corp. says it plans to spend $585 million on capital expenditures (capex) in 2012, with $550 million going toward drilling and completing of 73 gross (51 net wells) in the Williston Basin, $25 million for infrastructure and $10 million for miscellaneous acreage acquisitions.
November 28, 2011
Marathon’s Upstream Business Goes It Alone
Friday marks a new day for Marathon Oil Corp. as an independent upstream company after completing the spinoff Thursday of its downstream businesses.
July 1, 2011
Transportation Notes
Neither Southern California Gas nor Pacific Gas and Electric extended high-linepack OFOs beyond Saturday.
May 10, 2011
Encana, Chinese Partner Said Close to Lucrative JV in British Columbia
Speculation was rampant Friday that Encana Corp. was close to completing a multi-billion-dollar agreement with Chinese partners to speed development of its British Columbia (BC) natural gas holdings.
January 18, 2011
Encana Said Close to Securing Lucrative JV in British Columbia
Speculation was rampant Friday that Encana Corp. was close to completing a multi-billion-dollar agreement with Chinese partners to speed development of its British Columbia (BC) natural gas holdings.
January 17, 2011
Shale Gas Boom in India? First Well Completed
With the booming U.S. industry players keeping a close eye out for the opening of global markets, India reported completing its first shale gas well Tuesday as some observers of the Indian energy space speculate that the nation may have its largest natural gas deposits locked in shale. U.S. oilfield services provider Schlumberger drilled India’s first well.
January 12, 2011
Transportation Notes
ANR reported completing repairs at the Eunice Compressor Station in southeast Louisiana and has lifted all associated capacity restrictions.
November 12, 2010
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