Fields

ExxonMobil Calls Chesapeake Purchase ‘Strategic’

Chesapeake Energy Corp. last week clinched a trio of natural gas and oil transactions in unconventional U.S. fields that together would give the company total proceeds of $2.6 billion in cash. Among them was the sale to ExxonMobil Corp. of 58,400 acres in the Texoma Woodford Shale for $590 million in cash.

April 16, 2012

Illinois Looks at Fracking, Possible Shale Development

Shale talk and action are both picking up in Illinois as oil/gas exploration and production (E&P) companies and state officials are getting more involved in the fields and in the state capital in Springfield. As the energy companies seek more leases from farmers, the lawmakers have a proposed state law (SB 3280) covering hydraulic fracturing (fracking).

April 12, 2012

Chesapeake Seals Trio of Onshore Deals for $2.6B

Chesapeake Energy Corp. on Monday clinched a trio of separate oil and natural gas transactions in unconventional fields are to give it total proceeds of $2.6 billion.

April 10, 2012

Chesapeake to Collect $2.6B Cash in Three Transactions

Chesapeake Energy Corp. on Monday clinched a trio of natural gas and oil transactions in unconventional U.S. fields that together would give the company total proceeds of $2.6 billion in cash.

April 10, 2012

Interior to Speed Up Drilling Permits, Lease Processes

Standing in the middle of North Dakota’s booming oil/gas production fields, Interior Secretary Ken Salazar on Tuesday rolled out new federal government efforts to streamline onshore leasing and drilling processes on federal lands. Salazar made the announcement after two days of touring the Bakken Shale area, a major economic driver in what is now the nation’s third largest oil producing state.

April 4, 2012

Interior Responding to Call for Quicker Permitting

Standing in the middle of North Dakota’s booming oil/gas production fields, Interior Secretary Ken Salazar on Tuesday rolled out new federal government efforts to streamline onshore leasing and drilling processes on federal lands. Salazar made the announcement after two days of touring the Bakken Shale area, a major economic driver in what is now the nation’s third largest oil producing state.

April 4, 2012

U.S. Has Most Gas Storage Capacity, And it Needs it, AGA Reports

The United States has the largest gas storage asset in the world with more than 400 natural gas storage fields, according to the American Gas Association (AGA) in its most recent “Survey of Underground Storage of Natural Gas in the United States and Canada.”

February 6, 2012

Weir Extends Reach into North America’s Unconventional Fields

Scottish upstream operator Weir Group plc is extending its reach into North America’s unconventional natural gas and oil fields with a deal to acquire Houston-based Seaboard Holdings Inc. for $675 million.

November 29, 2011

Oil Plays Lead Unconventional Drilling Growth

The Cana-Woodford, Eagle Ford and Bakken/Sanish/Three Forks plays continued to lead the activity growth in unconventional fields over the last year as oil and gas producers put more weight on liquids-rich shales to take advantage of higher commodity prices found in oil and natural gas liquids. Conversely, some of the nation’s dry gas shales have seen the largest drilling activity declines as natural gas prices remain below $4/MMBtu for much of the country.

October 3, 2011

Oil Plays Lead Unconventional Drilling Growth

The Cana-Woodford, Eagle Ford and Bakken/Sanish/Three Forks plays continued to lead the activity growth in unconventional fields over the last year as oil and gas producers put more weight on liquids-rich shales to take advantage of higher commodity prices found in oil and natural gas liquids. Conversely, some of the nation’s dry gas shales have seen the largest drilling activity declines as natural gas prices remain below $4/MMBtu for much of the country.

October 3, 2011