Debt-tarnished Quicksilver Resources Inc. said Thursday it is still in talks to sell a nonoperated minority working interest in its Barnett Shale assets and is negotiating a potential joint venture (JV) in the Horn River Basin in northeast British Columbia. Investors have been awaiting deals on both fronts for some time.
Articles from Drilled
The Colorado Oil and Gas Conservation Commission (COGCC) has drafted proposed rules for sampling and monitoring groundwater before and after new wells are drilled, as well as changes to setbacks, which formalizes some procedures that the industry had begun voluntarily last year (see Shale Daily, Aug. 4, 2011).
Tomball, TX-based independent JBL Energy Partners and its partners completed the sale of an interest in 17,000 acres in Leon County, TX, within the Woodbine oil play to Halcon Resources. The sale included all oil, gas and mineral rights owned by JBL and its partners within the acreage position.
Typical well performance as well as peak-month production of the Eagle Ford Shale’s best wells exceeds those for wells drilled in the Bakken Shale, which is often considered the tight oil standard, according to the “IHS Herold Eagle Ford Regional Play Assessment.”
A series of recent reports highlights the economic benefits of the burgeoning gas industry in eastern Ohio’s Utica and Marcellus shales and, according to the U.S. Chamber of Commerce, shale energy “has the potential to be an economic game-changer” for the state and the nation.
Using Colorado as its example, a Boulder, CO-based nonprofit law and conservation group, added its two cents to the growing list of advocate-sponsored studies of hydraulic fracturing (fracking), concluding there are definite impacts on water supplies and the communities they serve from the widespread use of the oil/gas drilling technology.
The permitting of horizontal natural gas wells in Ohio has grown more than eight-fold in one year; Chesapeake Energy Corp. became a major player in the Utica Shale, and Carroll County became the play’s “ground zero,” according to data from the Ohio Department of Natural Resources’ (ODNR) Division of Oil and Gas Resources Management.
Hollywood is preparing to bring Marcellus Shale oil and natural gas drilling to the big screen next winter and has started filming in Western Pennsylvania.
Preliminary data released indicates that North Dakota oil and gas production continued to soar in January and the state now ranks third nationally in average daily oil production, surpassing California and following only Texas and Alaska. With the Bakken formation, North Dakota continues to ride the shale boom.