Eagle

Drilling Activity Gains Continue Across the Board

Active rigs in U.S. shale and tight sands basins gained 1% in the week ending April 1 to hit 981 rigs, up from 972 the previous week, according to NGI’s Shale Daily Unconventional Rig Count.

April 4, 2011

Wyoming Governor Weighs In on PXP Drilling Plan

Wyoming Gov. Matt Mead on Monday expressed concerns on Plains Exploration and Production Co.’s (PXP) master development plan for Eagle Prospect and Noble Basin, which calls for drilling 136 wells from 17 pads in the Bridger Teton National Forest. Mead sent a letter outlining his concerns to the supervisor for Bridger-Teton in the U.S. Forest Service (USFS).

March 16, 2011

Philadelphia Bans Marcellus Gas Supplies Pending EPA Study

Philadelphia officials on Tuesday directed the city-owned natural gas utility not to buy Marcellus Shale gas until more is known about the safety of hydraulic fracturing (hydrofracking).

January 20, 2011

Bayer: West Virginia Sites ‘Ideal’ for Marcellus Crackers

A trio of Bayer AG-owned sites in West Virginia totaling about 1,480 acres would be ideal locations for thermal crackers to process ethane from the state’s Marcellus Shale area, the company said.

December 23, 2010

Kinder: Eagle Ford Draws Big Spenders

Given the difference in prices for natural gas liquids (NGL) and dry gas, NGL content in the Eagle Ford Shale “makes for a much more pleasant experience” for producers there, Kinder Morgan Energy Partners LP (KMP) Chief Rich Kinder told financial analysts last week. And burgeoning activity in the South Texas play has filled up a KMP midstream project there.

October 25, 2010

Kinder: Producers Are Spending Big in the Eagle Ford

Given the difference in prices for natural gas liquids (NGL) and dry gas, NGL content in the Eagle Ford Shale “makes for a much more pleasant experience” for producers there, Kinder Morgan Energy Partners LP (KMP) Chief Rich Kinder told financial analysts Wednesday. And burgeoning activity in the South Texas play has filled up a KMP midstream project there.

October 25, 2010

Unit of Japanese Firm Buying Niobrara Oil Shale Stake

A unit of Japan’s ITOCHU Corp. is to acquire a one-quarter interest in Niobrara oil shale acreage in southeastern Wyoming, marking the first time a Japanese company is participating in a U.S. oil shale project.

October 18, 2010

Swift Energy Terms Up South Texas Gathering, Rigs

Swift Energy Co. has made a long-term agreement for gas gathering and treating services in South Texas with Meritage Midstream Services subsidiary Eagle Ford Escondido Gathering.

September 27, 2010

Industry Brief

Penn Virginia Corp. has paid $31.1 million to acquire nearly 6,800 net acres in the Eagle Ford Shale, primarily in Gonzales County, TX. The acquisition was funded with cash on hand, the company said. The new acreage is estimated to contain more than 40 horizontal well locations, with Penn Virginia’s working interest averaging about 73%.

August 13, 2010

Patterson-UTI Expanding Shale Frac Services

Houston-based Patterson-UTI Energy Inc. (PTEN) plans to expand its pressure pumping services for hydraulic fracturing (fracing) operations in the Barnett and Eagle Ford shales, and in the Permian Basin, after striking a $237.7 million cash deal with Key Energy Services Inc.

July 7, 2010