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Shift in Generation Mix Helping NatGas Prices, Says Apache CEO

U.S. natural gas prices may never return to the double digits of yesteryear, but there are “a lot of reasons” to see some upside in pricing going forward, Apache Corp. CEO G. Steven Farris said Wednesday at Sanford Bernstein’s 29th Annual Strategic Decisions Conference 2013.

May 31, 2013

North Dakota Official Says USGS Williston Assessment ‘Conservative’

The U.S. Geologic Survey’s (USGS) assessment of the Williston Basin’s Bakken Shale and Three Forks formation in North Dakota, Montana and South Dakota, which combined was estimated at 7.4 billion bbl of technically recoverable oil, is “very conservative,” according to North Dakota’s chief oil and gas regulator.

May 17, 2013

Marathon Oil, Talisman End Shale Exploration in Poland

Poland on Wednesday suffered a double dose of bad news regarding its prospective shale plays after Marathon Oil Corp. and Talisman Energy Inc. issued separate statements indicating that they were pulling out of the country.

May 10, 2013

Atlas Pipeline NatGas Volumes Jump 63%

Driven by steadily increasing midstream business, Atlas Pipeline Partners LLP’s (APL) natural gas volumes from onshore U.S. plays jumped by double digits in the first three months of this year from a year ago to average 1.03 Bcf/d, the operator said last week.

May 6, 2013

Atlas Pipeline’s Onshore NatGas Volumes Jump 63%

Driven by steadily increasing midstream business, Atlas Pipeline Partners LLP’s (APL) natural gas volumes from onshore U.S. plays jumped by double digits in the first three months of this year from a year ago to average 1.03 Bcf/d, the operator said late Monday.

May 2, 2013
Forest to Run Faster in Eagle Ford on $90M Drilling Carry

Forest to Run Faster in Eagle Ford on $90M Drilling Carry

Forest Oil Corp. has struck an agreement with Schlumberger that the company said will allow it to accelerate development of its Eagle Ford Shale acreage.

April 15, 2013

Broad Gains Trump Northeast Declines; Futures At New Highs

Gas for delivery over the weekend and Monday rose on average 4 cents Friday. Double-digit declines at some Northeast points were easily overcome by broad regional strength, and only a handful of locations showed losses.

April 15, 2013
Western Canada’s Unconventionals Seen Doubling Oil Output by 2025

Western Canada’s Unconventionals Seen Doubling Oil Output by 2025

Western Canada’s oil production should hit 5.7 million b/d by 2025, which is double the current output, boosted by unconventional growth from the oilsands and shale formations, according to ITG Investment Research (IR). Unconventional natural gas production also is seen lifting gas supplies by 3 Bcf/d from current numbers.

March 28, 2013

PDC Signs MarkWest Deal, Nearly Doubles Capex in Utica

PDC Energy Inc. has signed a midstream services agreement with MarkWest Utica EMG LLC and plans to nearly double its capital expenditures (capex) in the Utica Shale for 2013 while also increasing its estimated net production.

March 20, 2013

ExxonMobil Plans ‘Unprecedented’ Investments

ExxonMobil Corp. last week announced plans to invest close to $190 billion over the next five years to more than double exploration acreage in proven and emerging oil-rich areas to boost underperforming output and earnings. The amount comes to about $38 billion of upstream spending a year, or about $1 billion more than ExxonMobil spent in 2012 and a new record for the company.

March 11, 2013