Trans Energy Sells Shallow Assets, Connects Two Wells to Pipeline

Trans Energy Inc. announced Wednesday that it had sold its drilling rights and working interest in shallow wells targeting the Devonian Shale for $2.75 million before adjustments, but had retained a royalty interest on most wells and drilling rights to deeper formations, such as the Rhinestreet, Marcellus and Utica shales.

February 1, 2013

Kinder Morgan and Shell Partnering on Elba Island LNG Export

Units of Royal Dutch Shell plc and Kinder Morgan Inc. are forming a partnership to develop a natural gas liquefaction and export plant in two phases at Southern LNG Co. LLC’s Elba Island LNG Terminal near Savannah, GA.

January 29, 2013

Oil Industry Concerned About New Pipeline Rules

The U.S. energy pipeline sector’s oil contingent is expressing concerns about the studies used by the Pipeline and Hazardous Materials Safety Administration (PHMSA) to develop new safety requirements for natural gas pipelines.

January 28, 2013

Consol Shifting Gears in Utica, From Exploration to Development

Consol Energy Inc. announced Friday that it would begin shifting its Utica Shale program in Noble County, OH, from exploration to development mode, after seeing encouraging results and data from its test wells and those of its competitors in the play.

January 22, 2013

Shell Clinches Shale Gas Agreement in Ukraine

Royal Dutch Shell plc has clinched a production sharing agreement in Ukraine to explore shale gas deposits in the Yuzivske gas field, which may evolve into the “largest investment in Ukrainian history,” according to the nation’s energy minister.

January 22, 2013
BP: U.S. to Become Largest Liquids Producer This Year

BP: U.S. to Become Largest Liquids Producer This Year

The United States likely will surpass Russia and Saudi Arabia this year to become the largest liquids producer in the world because of tight oil and biofuels growth, according to BP plc. North America also is expected to lead in shale gas output to 2030.

January 17, 2013

Gasco Attempting to Avoid Delisting on NYSE

Gasco Energy Inc. will submit a plan of compliance next month to NYSE MKT to address how it intends to right its financial ship and avoid being delisted by the exchange, the Denver-based company said Wednesday.

January 17, 2013

UGI, Tenaska to Develop Marcellus Gathering System

UGI Corp. has entered into agreements with Tenaska affiliate Tenaska Resources LLC to jointly develop natural gas resources in the Marcellus Shale in north-central Pennsylvania, the company said Monday.

January 16, 2013

Tradition Secures Midstream Financing

Tradition Midstream LLC said it has secured $100 million in equity financing to develop infrastructure across North America, with an initial focus on unconventional plays in Texas, Oklahoma and Louisiana.

January 11, 2013

Weir Buys Another U.S. Unconventional Oilfield Company

Scotland-based oilfield services provider The Weir Group plc continues to expand its U.S. onshore holdings, the latest deal being the acquisition of Oklahoma’s Mathena Inc.

December 21, 2012