EXCO Resources Inc. saw record net production volumes during 3Q2011, helped in large part by strong results in the Haynesville/Bossier shale play in Louisiana and Texas and growing momentum in the Marcellus Shale, where it is seeking additional acreage.
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Tennessee lifted Wednesday an Imbalance Warning on Line 300 downstream of Station 313 but asked customers to match physical flow with scheduled quantities. The pipeline also delayed a line abandonment project on its 523M-7300 and 523M-7600 lines, previously scheduled from Wednesday through Sept. 29, until Saturday through Oct. 2. The work will cause the suspension of flows at four Vermilion meters offshore Louisiana, but no additional service impact is anticipated.
The management team at unconventional natural gas giant Encana Corp. has raised its cost outlook for both the United States and Canada and said last week the labor and supply markets are as tight as they’ve ever been. However, the company is fighting back by using cutting edge technology to drill wells in less time and at a lower cost.
Magnum Hunter Resources Corp. said Friday it plans to fund construction of a 200 MMcf/d capacity cryogenic natural gas processing plant to serve shale gas producers in the West Virginia portion of the Marcellus Shale.
The U.S. Environmental Protection Agency (EPA) has issued an emergency order against Range Resources Corp. that claims at least two drinking water wells in Parker County, TX, “have been significantly impacted by…methane contamination” from its oil and gas production facilities in the region.
An estimated $1.2 billion in economic output and 17,000 jobs will be lost in the Gulf Coast states by the end of the year even if the spewing oil flow is permanently plugged by next month, according to a report issued by Moody’s Analytics Monday.