Down

The number of operating unconventional rigs increased by seven (1%) in the week ending Sept. 14 but was down significantly (140 rigs, or 14%) compared to last year, according to NGI’s Shale Daily Unconventional Rig Count.

The U.S. Court of Appeals for the Fifth Circuit in New Orleans has ruled against Chesapeake Energy Corp. in its bid to reverse a $19.7 million judgment over a canceled oil and gas lease offer in Texas, a decision that may hold implications on canceled lease claims by mineral rights owners in several other states.

Enterprise Products Partners LP has started operation of the second 300 MMcf/d train at its Yoakum cryogenic gas processing plant in Lavaca County, TX. The facility handles production from the Eagle Ford Shale in South Texas.

Former TransCanada Corp. CEO Hal Kvisle was tapped Monday to take over at Talisman Energy Inc. after CEO John A. Manzoni agreed to step down, effective immediately, the Calgary-based independent said.

As the clock winds down on the deadlines to comply with the Dodd-Frank Wall Street reform act, the Commodity Futures Trading Commission (CFTC) Monday is expected to clear up questions in the market pertaining to the deadline for registration of swap dealers.

Corridor Resources Inc. and partner Petrolia Inc. are conducting a three-part exploration program on Anticosti Island in the Gulf of Saint Lawrence to advance the “exploration and development potential of the vast shale oil prospect” on the 3,050 square-mile island, Corridor said.

When the fear and hype die down, U.S. exports of liquefied natural gas (LNG) will happen, and volumes will be smaller than many expect with a modest impact on domestic gas markets, according to a global gas market expert. But just a little bit can make a difference in other ways.

When the fear and hype die down, U.S. exports of liquefied natural gas (LNG) will happen, and volumes will be smaller than many expect with a modest impact on domestic gas markets, according to a global gas market expert. But just a little bit can make a difference in other ways.

Highly committed from the top down to using more natural gas in its extensive national fleet truck rental business, Ryder Systems Inc. said it will continue through July 27 a three-day free “ride-and-drive” rental of natural gas vehicles (NGV) in the Sacramento area in Northern California.