Evaluating

Halcon Resources Corp. said Monday it will be spending more on its East Texas Eagle Ford Shale play, known as El Halcon.

The Bureau of Ocean Energy Management (BOEM) is initiating an environmental analysis evaluating the impacts of seismic and other geological and geophysical activities involved in oil and gas development and the potential siting of wind turbines in the Gulf of Mexico Outer Continental Shelf and adjacent state waters.

The Bureau of Ocean Energy Management (BOEM) is initiating an environmental analysis evaluating the impacts of seismic and other geological and geophysical activities involved in oil and gas development and the potential siting of wind turbines in the Gulf of Mexico Outer Continental Shelf and adjacent state waters.

ExxonMobil Corp. has offered US$3.14 billion in a cash and debt deal to buy Celtic Exploration Ltd., a Calgary producer with a rich array of unconventional acreage spread across the Montney and Duvernay shales, as well as leaseholds in other formations in Alberta (AB) and British Columbia (BC). The offer that was announced on Wednesday has a cash value of about $2.6 billion, excluding debt.

Gastar Exploration Ltd. has signed a lease with Bayer AG to drill Marcellus Shale gas wells on 1,400 gross acres in New Martinsville, a site that is being touted as a possible location for an ethane cracker in West Virginia.

JayHawk Energy Inc. has begun evaluating for drilling its recently acquired acreage in the Bakken Shale. The Post Falls, ID-based company also said it was looking to add more acreage to its Bakken holdings and plans to accelerate its efforts through purchases and joint ventures through 2011. JayHawk has procured more than 1,066 gross acres — about 135 net acres — in Divide County, ND. Spacing of wells is currently 1,280 acres, so JayHawk said it will pool its acreage with other interest holders in order to drill a well, possibly by 4Q2011.

The U.S. State Department signed a memorandum of understanding (MOU) with India’s Ministry of Petroleum and Natural Gas that will allow the two countries to share technical expertise on shale gas resources. Preliminary estimates by India’s Association of Petroleum Geologists indicate that India’s shale gas reserves may be larger than its proven conventional gas deposits. The MOU would help India assess its shale gas resources and help to train Indian personnel. As part of the agreement, the U.S. Geological Survey plans to study India’s shale gas resources. The United States also would help India prepare for its first shale gas auction, which is scheduled to be held by the end of 2011.

Lawyers for the former Kerr-McGee Corp. said last week they were still “evaluating our options” as to whether to appeal the recent court ruling ordering the producer, which is now part of Anadarko Petroleum Corp., to pay $22.9 million for the alleged underreporting of oil and natural gas royalties.

Kerr-McGee attorneys say they are still “evaluating our options” as to whether to appeal last week’s court ruling ordering the producer, which is now part of Anadarko Petroleum, to pay $22.9 million for the alleged underreporting of oil and natural gas royalties.