Effect

New York Bankruptcy Court OKs Norse Lease Sale; CFO Leaving

A bankruptcy court in New York has approved plans by Norse Energy Corp. USA to sell its assets, especially oil and gas leases for about 130,000 net acres in the state’s portion of the Marcellus and Utica shales.

July 31, 2013

Decision: Gas Producers Can Hold Marcellus Lease With Shallow Drilling

Natural gas producers don’t owe a duty to develop each and every “economically exploitable strata” under a landowner’s property, the Pennsylvania Superior Court ruled last month.

July 2, 2013

Royalties Up More than 1,000% in Top Marcellus Counties

Rents and royalties reported on Pennsylvania income tax returns from 2006 to 2010 have increased 61% statewide, and 119% in counties with Marcellus Shale activity, according to a report by the Allegheny Institute for Public Policy (AIPP). Rent and royalty income for landowners and mineral rights owners in the state rose 34% in counties with no Marcellus activity.

June 12, 2013

CGT Seeks Regulatory Approval for Pair of Marcellus Projects

Columbia Gas Transmission Corp. (CGT), a NiSource Inc. subsidiary, has applied for FERC approval of a pair of projects designed to collectively increase the company’s transportation capacity out of the Marcellus Shale by an additional 444,000 Dth/d.

May 16, 2013

Goodrich ‘Gaining Valuable Knowledge’ in TMS

Goodrich Petroleum Corp.’s Tuscaloosa Marine Shale (TMS) development is continuing, and the company has high hopes for the play. Meanwhile, it has returned to completing wells in the Haynesville Shale in anticipation of higher natural gas prices.

May 10, 2013

Fee-Based Business Lifts Enterprise

Enterprise Products Partners LP overcame the effect of lower natural gas processing margins in its pipelines and services segment to deliver record gross operating margin during the first quarter, as well as a 16% increase in profits.

May 6, 2013

WPX Gas Discovery in Piceance Could ‘More Than Double’ 3P Reserves

With an average production rate of almost 10 MMcf/d in the first quarter, a discovery well in the Piceance Basin may produce in the first few months what a typical well in the Niobrara formation has done over 25 to 30 years, WPX energy CEO Ralph Hill said Thursday.

May 6, 2013

Enterprise 1Q Profit Up 16% On Strong ‘Fee-Based Business’ Returns

Enterprise Products Partners LP overcame the effect of lower natural gas processing margins in its pipelines and services segment to deliver record gross operating margin during the first quarter, as well as a 16% increase in profits.

May 1, 2013

Eagle Ford Crude Lifted Enterprise 1Q Results

Enterprise Products Partners LP overcame the effect of lower natural gas processing margins in its pipelines and services segment to deliver record gross operating margin during the first quarter, as well as a 16% increase in profits. Oil-related infrastructure put in a strong showing, particularly in the Eagle Ford Shale

May 1, 2013

USGS: No Groundwater Contamination From Fayetteville Wells

The U.S. Geological Survey (USGS) said domestic water wells in two Arkansas counties showed no evidence of contamination from oil and natural gas drilling in the Fayetteville Shale, but it cautioned that additional testing would be necessary to provide an adequate comparative analysis.

January 11, 2013
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