Pembina Mounting C$1B Post Merger Buildout

Calgary-based Pembina Pipeline Corp. said it will proceed with a C$1 billion expansion of its natural gas liquids (NGL) infrastructure, with at least some of the development intended to build upon its acquisition of Provident Energy Ltd., which was completed last year.

March 8, 2013

Consol Reports Lower NatGas Production, Expects Decline in Earnings

Consol Energy Inc. said Monday that although it reported lower natural gas production for 3Q2012 compared to one year ago, the figure was misleading because of reporting adjustments and its decision in September to idle a southern Virginia coal mine that produced associated gas.

October 17, 2012

OxyChem Contracts for Texas Ethane Cracker Engineering

CBI said it has been awarded contracts by Occidental Chemical Corp. (OxyChem) for the technology license, basic engineering and front end engineering and design services for a proposed new ethane cracker that is anticipated to have capacity of 1.2 billion pounds per year of ethylene.

October 11, 2012
Derecho, Slumping Prices Hinder Magnum Hunter’s Appalachian Plans

Derecho, Slumping Prices Hinder Magnum Hunter’s Appalachian Plans

Magnum Hunter Resources Corp.’s production in the Appalachian Basin remains “substantially curtailed” nearly three months after an unusually severe thunderstorm knocked out electricity service to much of the region, the Houston-based independent said Wednesday.

September 27, 2012

Study: Eagle Ford Booming But Just Getting Started

Production of oil, natural gas and condensate from the Eagle Ford Shale in South Texas increased dramatically from 2010 to 2011, according to a new study of the play and its impact on the region. And there’s more to come, thanks in large part to the attractive economics offered by the Eagle Ford’s oil and liquids-rich gas.

May 14, 2012

Hess Asks For Patience in Bakken

As part of lackluster first quarter results released Wednesday, Hess Corp. said it doesn’t expect to meet production targets in the Bakken Shale this year, but warned analysts to be patient with the company while it shifts its focus from international basins toward its three liquids rich shale plays in the United States.

April 26, 2012

Magnum Hunter Pays $25M for Ohio Utica Leasehold

Triad Hunter LLC, a subsidiary of Magnum Hunter Resources Corp., has closed on a $24.8 million acquisition of approximately 15,558 gross (12,186 net) acres in southeastern Ohio’s Utica Shale from an undisclosed seller, the company said Friday.

February 21, 2012

Carrizo JV Gives India’s Gail First U.S. Shale Stake

Carrizo Oil & Gas Inc. and a unit of India’s Gail (India) Ltd. have closed on a joint venture (JV) that gives Gail 20% of Carrizo’s interest in about 20,200 net acres in the condensate zone of the Eagle Ford Shale for $95 million.

September 30, 2011

Chesapeake to Spin Off Granite Wash Royalty Trust

Chesapeake Energy Corp. has found another way to fund development for some of its abundant unconventional reserves, this time by launching an initial public offering (IPO) of a royalty trust for properties in the Anadarko Basin.

July 11, 2011

Federal Agencies to Collaborate on Air Quality

Three federal agencies say they will cooperate on air quality issues for onshore oil and gas projects drilled on public lands and will create a new agency to implement collaborative plans by late September.

July 8, 2011