While it plans to cut its budget and reduce its rig count this year, Appalachian pure-play operator Antero Resources Corp. still has plans for a robust 2016, calling for $1.4 billion in capital expenditures to complete 110 horizontal shale wells in the Marcellus and Utica shales.
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Environmental Groups Urge PA to Better Protect Forests From Oil/Gas Extraction
As the Pennsylvania Department of Conservation and Natural Resources (DCNR) works to update its policies for managing state forest land, environmental groups are pushing for more public participation, limited access to state-owned land and more conservation when it comes to natural gas development.
February 2, 2016
United Kingdom Awards 159 Onshore Oil, Gas Licenses
The United Kingdom has awarded 159 onshore licenses to explore for oil and natural gas, which could lead to an increase in shale gas development in the country.
December 23, 2015
DRBC Unanimously Adopts ‘One Process/One Permit’ Program
The Delaware River Basin Commission (DRBC) voted unanimously to adopt its proposed “One Process/One Permit” (OPOP) program, a measure designed to promote interagency cooperation between it and its four member states, but which could also one day have an impact on natural gas development in the basin, should it move forward.
December 14, 2015
Appalachian E&P Start-Up Secures $250M From Private Equity
An Appalachian-focused exploration and production start-up headquartered in Western Pennsylvania has received a $250 million investment from the energy- and resources-focused private equity firm Denham Capital Management LP.
December 9, 2015
Exco Looking Only to Haynesville Natural Gas Development Through First Half of 2016
Dallas-based onshore operator Exco Resources Inc., pressured for months by low oil prices, said Wednesday it will focus nearly all of its activity in the first half of 2016 on its natural gas portfolio in the Haynesville Shale.
November 25, 2015
ConocoPhillips Approves $900M Drilling Project in Alaska’s North Slope
ConocoPhillips said it has approved $900 million in funding for its Greater Mooses Tooth #1 (GMT1) development on Alaska’s North Slope, a drilling project that is expected to come online in late 2018 and have peak production of 30,000 b/d.
November 20, 2015
Bakken’s Bird Impact Reaches ‘Considerably’ Beyond Well Sites, Researchers Say
Grassland birds are declining across North America, and they are having a particularly tough time in North Dakota with the substantial increase in oil/natural gas development in the Bakken shale, according to a study released Wednesday by the U.S. Department of Interior (DOI).
October 16, 2015
Appalachia’s Top Oil/Gas Producing States Joining Hands to Spur Shale Development
The Appalachian Basin’s three leading oil and gas producing states have signed a three-year cooperative agreement aimed at creating policies that would promote the region’s prolific shale plays to help generate more economic opportunities.
October 14, 2015
Sempra Energy Builds Houston Presence With Gulf LNG Projects
San Diego-based Sempra Energy has relocated its U.S. natural gas/power business unit to Houston from South Carolina in response to its growing interest in midstream projects and its stake in liquefied natural gas (LNG) projects along the Gulf Coast. Sempra U.S. Gas & Power recently moved its Greenville, SC, employees to expanded space in Texas.
July 13, 2015
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