Exploitation

With a eye on natural gas prices, Dallas-based Exco Resources Inc. is dropping more than half of its drilling rigs in the Haynesville Shale this year, cutting one rig in the Marcellus and deferring well completions in natural gas plays. However, CEO Doug Miller said Friday there are “huge opportunities” to buy distressed properties, which the company intends to pursue.

Hoping to lead the nation in greater exploitation of domestic energy resources, Alaska Gov. Sean Parnell and state Natural Resources Commissioner Dan Sullivan Thursday touted a plan to tap the state’s oil reserves and refill the Trans Alaska Pipeline System (TAPS), with the hope of shipping 1 million b/d of oil on TAPS within a decade.

The government of Quebec announced Tuesday that hydraulic fracturing could continue in the province for exploration purposes only, after the release of a much anticipated report that urged further study of the practice.

Dozens of countries have launched programs to attempt to emulate the successful exploitation of shale in the United States, but it will take more than copying a formula, according to the International Energy Agency (IEA).

Dozens of countries have launched programs to attempt to emulate the successful exploitation of shale in the United States, but it will take more than copying a formula, according to the International Energy Agency (IEA).

Object Reservoir Inc., a services company providing complex reservoir modeling in unconventional gas plays, is rapidly expanding its Collaborative Exploitation Project (CEP) for the Marcellus Shale in northeast Pennsylvania and is looking into starting up a similar effort in the southwestern part of the state.

Canadian energy income funds, which have gained favor with investors with successful exploitation of oil and gas properties in mature basins — many in the Western Canadian Sedimentary Basin — received an overall low rating in a new report by Standard & Poor’s Ratings Service (S&P) last week.

Canadian energy income funds, which have gained favor with investors with successful exploitation of oil and gas properties in mature basins — many in the Western Canadian Sedimentary Basin — received an overall low rating in a new report by Standard & Poor’s Ratings Service (S&P) this week.

Canada’s exploration and production (E&P) companies have begun to focus more on low deliverability, tight gas plays to help overcome natural gas declines, and share a consensus that output may be difficult to maintain without more non-conventional resources and the Mackenzie Delta pipeline, according to a report issued Thursday by Lehman Brothers analysts.