Drilling

Investors apparently approved of Philadelphia-based Atlas Resource Partners LP’s deal to acquire 277 Bcfe of proved reserves, including undeveloped drilling locations, in the Barnett Shale from Carrizo Oil & Gas. Atlas shares closed up 32% Friday following the deal’s announcement.

Investors apparently approved of Philadelphia-based Atlas Resource Partners LP’s deal to acquire 277 Bcfe of proved reserves, including undeveloped drilling locations, in the Barnett Shale from Carrizo Oil & Gas. Atlas shares closed up 32% Friday following the deal’s announcement.

The $45 million cost of a proposed study of hydraulic fracturing (fracking) to be performed by the United States Geological Survey (USGS) should be paid by the oil and gas industry, according to Sen. Al Franken (D-MN).

U.S. resource plays that are spewing out natural gas and oil have virtually cleared producer calendars of speculative drilling and made for an energy supply bounty that is becoming the envy of numerous companies around the world, speakers at a Houston energy conference said.

To deal with growing midstream activity in western Oklahoma and the emerging Mississippi Lime, SemGroup Corp., Gavilon Midstream Energy LLC and an affiliate of Chesapeake Energy Corp. plan to construct a 210-mile crude oil pipeline to carry supplies to a 1 million bbl storage facility in Cushing, OK.

Teak Midstream LLC is building more than 200 miles of natural gas gathering and residue delivery pipelines and an adjoining 200 MMcf/d cryogenic gas processing plant in South Texas to better serve producers operating in the Eagle Ford Shale, the Dallas-based company said Tuesday.

As predicted, the Colorado Senate Local Government Committee Thursday voted 4-1 to reject a proposal to prevent local governments from regulating oil/gas drilling activity in their jurisdictions.

Energy Transfer Partners LP said Thursday that new long-term fee based gathering, processing and liquids services agreements with Eagle Ford Shale producers support plans for it to further expand its previously announced Rich Eagle Ford Mainline (REM) pipeline and construct another cryogenic processing facility.

The U.S. Environmental Protection Agency (EPA) has been conducting inspections of natural gas development in Washington County, PA, to make sure it complies with federal environmental laws.