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Halcon Making Big Plans in New Eagle Ford Shale Play

Halcon Making Big Plans in New Eagle Ford Shale Play

Halcon Resources Corp. said it has acquired more than 50,000 net acres of leasehold in an Eagle Ford Shale play in East Texas, and plans to eventually triple its presence and invest $100 million there this year.

April 16, 2013

WSI Expects Another Active Atlantic Hurricane Season

The 2013 Atlantic Hurricane season is expected to be active, with 16 named storms, including nine hurricanes, five of them major (Category 3 or higher), according to the first tropical storm forecast of the year from Weather Services International (WSI).

April 9, 2013

Industry Briefs

Mexico state-owned oil monopoly Petroleos Mexicanos (Pemex) has signed a five-year agreement with ExxonMobil Corp. to share technical and scientific information. The agreement renews a previous collaboration agreement between the two companies, said officials. Mexico President Enrique Pena Nieto, who took office in December, recently told reporters that Pemex wouldn’t be sold or privatized, but it would be modernized. Pemex, Mexico’s largest company, provides nearly all of its profits to the federal government. Natural gas production in Mexico has risen slightly from a year ago, but it has fallen over the past four years, according to Pemex. In February, gas output was 6.475 Bcf/d, compared with 6.430 Bcf/d a year ago. However, 2012 gas output averaged an estimated 6.385 Bcf/d, versus 6.594 Bcf/d in 2011 and 7.020 Bcf/d in 2010. Mexico also is a net crude oil exporter, but production fell to less than 3 million bbl in 2011 from almost 4 million bbl in 2003-2004.

April 5, 2013
West Virginia Supreme Court Asked to Rule in Surface Rights Case

West Virginia Supreme Court Asked to Rule in Surface Rights Case

A district court judge wants the highest court in West Virginia, the Supreme Court of Appeals, to certify whether existing state law allows a company to drill on land where it doesn’t own the surface rights, but it owns the underlying mineral rights.

April 4, 2013
Weak Job Growth Seen in Ohio Shale, But Retail Sales Strong

Weak Job Growth Seen in Ohio Shale, But Retail Sales Strong

Researchers from Cleveland State University (CSU) said Ohio counties with significant Marcellus and Utica shale development have seen only a modest increase in job creation in 2012, but those same counties also saw a large increase in retail sales.

March 27, 2013

Propane Dehydrogenation Plant Planned Near Houston

Texas will provide $1 million to close a deal with Ascend Performance Materials Texas Inc. to build a propane dehydrogenation (PDH) facility near Houston, Gov. Rick Perry said.

March 1, 2013

Texas Production, Blacker and Wetter Still

Well permitting in Texas during January was up sharply from a year ago, as were well completions. December crude oil production was also up sharply compared with a year ago, but natural gas production slipped, according to the latest figures from the Railroad Commission of Texas (RRC).

February 28, 2013

Marcellus Health Impact Study Receives $1M Grant

Geisinger Health System has been awarded a $1 million grant from the Degenstein Foundation to help complete a study on the health impacts from Marcellus Shale gas drilling, a report eagerly anticipated by officials in at least two states.

February 22, 2013
Marcellus Shale Drilling Decelerating

Marcellus Shale Drilling Decelerating

The pace of drilling in Pennsylvania has declined by 35% in the first month and a half of 2013 compared to the same period in 2012, but counties rich in liquids and oil are faring better.

February 21, 2013

FERC OKs $1.5B Upgrade of Columbia Gas Transmission

FERC has approved Columbia Gas Transmission’s customer settlement that proposes $1.5 billion in upgrades to the pipeline system over the next five years.

January 31, 2013