Considered

EQT Corp. announced Thursday that horizontal drilling in the Marcellus Shale helped the company achieve record sales volumes overall and in the Marcellus in 2012 — the latter an 85% increase from 2011 — as it posted net income of $183.4 million for the year.

The onshore United States “remains the No. 1 place for investment” and the likelihood for future dealmaking “remains high,” according to Tudor, Pickering, Holt & Co. (TPH) CEO Bobby Tudor.

Crude oil production from the Eagle Ford Shale of South Texas has overtaken gas production, which is increasing the shale’s profitability, a recent analysis of the play has found.

Calgary-based Talisman Energy is abandoning a project it had considered with Sasol Canada to develop Canada’s first gas-to-liquids (GTL) facility to create transportation fuels from natural gas.

Wyoming Gov. Matt Mead appealed to U.S. Interior Secretary Ken Salazar Thursday for more time to review the proposed Bureau of Land Management (BLM) rules on hydraulic fracturing (fracking). In a letter to the Obama administration cabinet member, Mead asked for an extension of the comment period on the draft BLM rules.

Despite an ongoing struggle to clear a blockage on its Davy Jones prospect, considered one of the biggest natural gas discoveries in the Gulf of Mexico’s shallow waters, McMoRan Exploration Co.’s exploration results “remain positive,” the New Orleans-based producer said.

Davy Jones, considered one of the biggest natural gas discoveries in the Gulf of Mexico’s shallow waters, faces several weeks of delay before commercial production begins after operator McMoRan Exploration Co. reported that a blockage has prevented a measurable flow rate in the first well.

A bill being considered by the Colorado Senate (HB 1160) would make coal mine methane (CMM) gas a renewable source of electricity generation under the state’s renewable energy standard (RES).

The fledgling oil and gas industry emerging in parts of Idaho has raised a debate over proposed rules on drilling being considered at the city and county government level. Both sides are gearing up for a fight in the state legislature next year.