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Fracking Lifted U.S. Oil and Gas Proved Reserves in 2011

Fracking Lifted U.S. Oil and Gas Proved Reserves in 2011

U.S. oil and natural gas exploration and production companies added 31.2 Tcf of wet natural gas proved reserves and almost 3.8 billion bbl of crude oil and lease condensate proved reserves in 2011, the Energy Information Administration (EIA) said in a report issued Thursday.

August 2, 2013

Comstock’s Now and Later Plays: Eagle Ford, Haynesville

With the proceeds counted from the sale of its Permian Basin acreage earlier this year, Frisco, TX-based Comstock Resources Inc. is squarely focused on the Eagle Ford Shale of South Texas, where it is drilling longer-lateral wells for less money in fewer days and looking for bolt-on acreage acquisitions. The Haynesville Shale will have to wait.

July 31, 2013

Pennsylvania Supreme Court Denies PUC Appeal on Act 13

The Pennsylvania Supreme Court last Thursday quashed an appeal by the state Public Utility Commission (PUC), leaving in place an earlier court order that the commission cannot use a review process to enforce some provisions of Act 13, the state’s omnibus Marcellus Shale law.

July 29, 2013

Freeport Contemplating Budget Cuts, Sales, Partners

After gaining access earlier this year to a big bundle of onshore and offshore opportunities in the United States, Freeport-McMoRan Copper & Gold Inc. now is reworking its strategy to relieve the cost burden and increase production, top executives said last week.

July 29, 2013

Gasland II Seen as Anti-Drilling Propaganda

A follow-up documentary on natural gas drilling by propagandist Josh Fox premiered on HBO Monday night, offering some half-truths and outright distortions about the oil and gas industry and on President Obama’s energy policies.

July 10, 2013

‘Tectonic Shift’ in U.S. Natural Gas Demand by 2020

When U.S. natural gas prices finally moved into $4.00/MMBtu territory earlier this year, there wasn’t any rush to ramp up onshore activity, but as each month passes, it’s becoming clear that a “large wave” of domestic demand is about to unfold, according to Barclays Capital.

June 10, 2013
Boulder, CO, City Council to Consider Drilling Moratorium

Boulder, CO, City Council to Consider Drilling Moratorium

Like other cities and its own county in Colorado, the Boulder City Council is set to consider two actions related to the use of hydraulic fracturing (fracking) on open space within the city limits.

June 5, 2013
Aurora Starts Drilling New Eagle Ford Acreage Early

Aurora Starts Drilling New Eagle Ford Acreage Early

Aurora Oil & Gas Ltd. has begun drilling activities earlier than expected on its recently acquired Eagle Ford Shale acreage, the Australia-based company said Monday.

June 4, 2013

‘Tectonic Shift’ Predicted in U.S. Natural Gas Demand by 2020

When U.S. natural gas prices finally moved into $4.00/MMBtu territory earlier this year, there wasn’t any rush to ramp up onshore activity, but as each month passes, it’s becoming clear that a “large wave” of domestic demand is about to unfold, according to Barclays Capital.

June 4, 2013

BLM Targeted for Lawsuit by Conservation Groups

A coalition of conservation groups on Thursday filed a 60-day notice of intent to sue the federal Bureau of Land Management (BLM) over its amending of 10 resource management plans (RMP) earlier this year to open more than 800,000 acres for future oil shale and tar sands leasing.

May 28, 2013
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