Fields

In ongoing energy reform, Mexico state-owned oil company Petroleos Mexicanos (Pemex) will hold on to the majority of its currently producing oil fields, but in the months ahead, bids will be taken from parties that want to participate in the development of reserves in four packages outlined by Pemex.

Strategic investors and foreign buyers continue to press for deals in U.S. unconventional fields, but higher prices have pushed private equity (PE) momentarily to the sidelines, according to PwC US.

Strategic investors and foreign buyers continue to press for deals in U.S. unconventional fields, but higher prices have pushed private equity (PE) momentarily to the sidelines, according to PwC US.

The Alaska Department of Natural Resources (DNR) and the U.S. Department of Energy’s (DOE) Office of Fossil Energy on Tuesday inked an agreement at the LNG 17 conference in Houston to work together — and with potential investors — to dig down and study unconventional energy resources in Alaska’s Arctic.

Another proposal has emerged in the North Dakota state legislature seeking to eliminate exemptions from the state’s current one-year limit for oil production wells flaring associated natural gas.

A year-long study has concluded that hydraulic fracturing (fracking) in an urban oilfield in the Los Angeles area will not harm the environment.

Seneca Resources Corp. is proceeding with drilling operations in the Marcellus and Utica shales, and has established positions in oil fields in Kansas and California, the National Fuel Gas Co. (NFG) subsidiary said Thursday.

Marketed natural gas production of the top-five producing states — Texas, Louisiana, Wyoming, Oklahoma and Colorado — grew 7.5% last year, but their combined share of U.S. gas output fell slightly to about 65%, according to the Energy Information Administration (EIA).

Encana Corp. said Friday it has secured a well-heeled unit of Toyota Tsusho Corp. to partner in its languishing Alberta coalbed methane (CBM) gas fields in the Horseshoe Canyon Fairway, agreeing to sell close to a one-third stake in the resource play, including natural gas production from 5,500 existing wells.