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.
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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.
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.
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.
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.
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.
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.
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.