Nexen Inc. has made good on a promise to find a joint venture (JV) partner by the end of this year for its extensive shale acreage in northeastern British Columbia (BC) after agreeing to sell a 40% stake for C$700 million to a consortium led by Japan’s Inpex Corp.
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TransCanada to Route Keystone Around Sandhills
TransCanada Corp. said Monday it will find a new route for its controversial Keystone XL oil pipeline around the water-sensitive Sandhills area in Nebraska, and to that end, it is supporting legislation proposed in the state legislature to develop a new route for the portion of Keystone that would cross the state.
Raymond James: ‘Can’t Fight Fate’ on Growth in U.S. Gas Output
For nearly two straight years U.S. natural gas output has climbed almost continuously — and 2012 could see even stronger growth, according to the energy team at Raymond James & Associates Inc.
Shale Play Drilling Successes Buoy Cabot Production
Cabot Oil & Gas Corp. continues to find drilling success in the Marcellus, Eagle Ford and Marmaton shale plays, and has doubled liquids production and increased natural gas production 37% since 3Q2010, the company said.
FBR: Market Can Handle Marcellus Growth
The growth of the Marcellus Shale likely won’t be constrained by market demand, despite a projected seven-fold increase in production from the play over the next 15 years, according to FBR Capital Markets.
Pennsylvania: Tighter Scrutiny Leads to More Casing Violations
Inspectors with the Pennsylvania Department of Environmental Protection (DEP) are on pace to find more cementing and casing violations in the Marcellus Shale than before, but a spokesman for the agency said the uptick is the result of tighter regulations, not an industry problem.
Pennsylvania: Uptick in Casing Violations No Cause For Alarm
Inspectors with the Pennsylvania Department of Environmental Protection (DEP) are on pace to find more cementing and casing violations in the Marcellus Shale than before, but a spokesman for the agency said the uptick is the result of tighter regulations, not an industry problem.
Hess Snaps Up More Unconventional Acreage
In two days’ time Hess Corp. has acquired stakes in almost 185,000 net acres in the Ohio portion of the Utica Shale, the latest deal adding 85,000 more acres to its prospective leasehold.
Industry Groups to SEAB: Go Slow on New Programs
The Secretary of Energy Advisory Board (SEAB) Natural Gas Subcommittee should defer to state regulators — and may find that many of its objectives are already being addressed by existing programs — according to comments filed at the Department of Energy (DOE) by industry groups.
Industry Groups Advise SEAB: Go Slow on New Programs
The Secretary of Energy Advisory Board (SEAB) Natural Gas Subcommittee should defer to state regulators — and may find that many of its objectives are already being addressed by existing programs — according to comments filed at the Department of Energy (DOE) by industry groups.