Private energy equity behemoth Riverstone Holdings LLC has raised $7.7 billion to invest in energy businesses, exceeding its original $6 billion target, the firm said Wednesday.
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ConocoPhillips leaseholds in the Eagle Ford and Bakken shales, along with the Permian Basin, together boosted their year/year output by 42% in the first quarter, management said Thursday.
The volume of natural gas pipeline capacity changing hands among the 20 leading trading companies during 2012 was up 123% over the 2011 level, exceeding 14.8 Bcf/d and marking the third consecutive annual increase, Capacity Center said last week.
The volume of natural gas pipeline capacity changing hands among the 20 leading trading companies during 2012 was up 123% over the 2011 level, exceeding 14.8 Bcf/d and marking the third consecutive annual increase, Capacity Center said Monday.
A monumental shift in global oil demand and supply growth — with North America’s surging supplies exceeding earlier expectations — is redefining the industry and should transform international trade over the next five years, the International Energy Agency (IEA) said Friday.
Devon Energy recently completed its fourth horizontal well in the Tuscaloosa Marine Shale (TMS) and the initial production test figures show the strongest oil production results of the company’s TMS wells drilled to date” at 384 b/d, according to the Louisiana Department of Natural Resources (DNR).
Chesapeake Energy has revealed that it is cooperating with a grand jury proceeding and an Environmental Protection Agency (EPA) investigation into the company’s Clean Water Act (CWA) compliance at certain sites in West Virginia.
Wyoming is facing a potential budget shortfall exceeding $100 million due to rapidly declining natural gas prices in a state highly dependent upon the shale boom and its related economic drivers, Gov. Matt Mead said Tuesday in Cheyenne.
The fifth natural gas liquids (NGL) fractionator at Enterprise Products Partners LP’s Mont Belvieu, TX, complex has entered operation, producing 75,000 b/d, exceeding its nameplate capacity, the company said Tuesday. Work on a sixth unit is under way as Enterprise continues to tout the bullish outlook for U.S. ethane production and its benefits for the petrochemical industry.