Exchange

Carrizo’s Eagle Ford Soars Higher

Carrizo’s Eagle Ford Soars Higher

Carrizo Oil & Gas Inc. raised second quarter oil production guidance to 10,800-11,200 b/d from 9,600-10,000 b/d, increased its 2013 crude oil production growth target to 40% from 28% and raised its total 2013 production growth target to 10% from 6%, based largely on results in the Eagle Ford Shale.

June 18, 2013

API, Groups Ask Court to Stay SEC Disclosure Rule

The American Petroleum Institute (API) and a coalition of business groups have asked the appellate court in Washington, DC, to stay the Securities and Exchange (SEC) mandate requiring producers to publicly report how much they pay governments for access to oil, natural gas and minerals.

June 10, 2013

SEC Advises Investors to Look Out for Oil, Gas Scams

The Securities and Exchange Commission (SEC) Thursday issued an alert to persons who are considering private securities offerings for oil and gas ventures as an investment opportunity, saying that such investments carry significant risks.

May 6, 2013

SEC Advises Investors to Look Out for Oil, Gas Scams

The Securities and Exchange Commission (SEC) Thursday issued an alert to persons who are considering private securities offerings for oil and gas ventures as an investment opportunity, saying that such investments carry significant risks.

May 6, 2013

Court Rejects Industry Challenge of SEC Reporting Rule

A federal court of appeals in Washington, DC, Friday dismissed an industry challenge to a Securities and Exchange Commission (SEC) rule requiring producers to publicly report how much they pay governments for access to oil, natural gas and minerals.

April 29, 2013

Appeals Court Rejects Industry Challenge of SEC Reporting Rule

A federal court of appeals in Washington, DC, Friday dismissed an industry challenge to a Securities and Exchange Commission (SEC) rule requiring producers to publicly report how much they pay governments for access to oil, natural gas and minerals.

April 29, 2013

Marcellus Helps Range Break Production Record Again

Range Resources Corp. achieved a record high production volume of 876 MMcfe/d during the first quarter of 2013, driven in large part by the continuing success of its drilling program in the Marcellus Shale, the company said Thursday.

April 12, 2013

Industry Briefs

Air Liquide Large Industries U.S. LP announced two projects in Freeport, TX, for its Gulf Coast pipeline and hydrogen/syngas businesses. The first project went on-line in March and has increased the supply of hydrogen purification and compression capacity to Air Liquide’s hydrogen pipeline system. The second project is expected to go online in 2014 and involves the construction of a new liquid oxygen storage and vaporization facility at the Freeport air separation unit complex to supply oxygen to the Gulf Coast pipeline network. This new installation represents an increase of nearly 25% over current storage and vaporization capacities on the networkd. Hydrogen gas is used by refiners to produce cleaner burning fuels, among other industrial uses. Government regulations calling for reductions in fuel emissions have increased demand for hydrogen. Growth in industrial gas demand is also anticipated as a result of the cost advantages resulting from low-priced natural gas, the company said.

April 11, 2013

Industry Briefs

A federal investigation into Chesapeake Energy Corp. and outgoing CEO Aubrey McClendon is continuing, according to the Securities and Exchange Commission (SEC), which informed the company on Dec. 21 that its Fort Worth, TX regional office “has issued subpoenas for information and testimony.” In the SEC 10-K filing, Chesapeake said it is “also responding to related inquiries from other governmental and regulatory agencies and self-regulatory agencies.” Chesapeake in May received notice from the SEC of an informal inquiry “into, among other things, certain of the matters alleged” in some lawsuits regarding McClendon’s financial transactions (see NGI, May 7, 2012).

March 4, 2013

Ohio Appeals Court Sides With Driller, Strikes Down Home Rule

In a case with a significant potential impact in several states, an Ohio appeals court on Tuesday ruled that a municipality in Summit County exceeded its authority when it ordered a Utica Shale driller to stop operations, dealing a blow to local ordinances, or “home rule” laws.

February 8, 2013