Triad Hunter LLC, a subsidiary of Magnum Hunter Resources Corp., has closed on a $24.8 million acquisition of approximately 15,558 gross (12,186 net) acres in southeastern Ohio’s Utica Shale from an undisclosed seller, the company said Friday.
Focusing
Articles from Focusing
Shale Revolution ‘Late,’ But Helping Advance NGVs
As several natural gas advocacy organizations urge the federal government to extend proposed economic incentives for electric vehicles (EV) to natural gas vehicles (NGV) and other alternative fuel transportation, one gas supporter believes the incentive disparity exists because the shale gas revolution came three years too late.
Youngstown State Plans Natural Gas and Water Resource Institute
Youngstown State University (YSU) is planning an on-campus institute to educate professionals and provide research for the Utica and Marcellus shale industry in Ohio and Pennsylvania, university officials said.
Executives: Make Regulations Predictable, Not Easy
As the natural gas industry pushes for a standardized drilling ordinance in Pennsylvania, it doesn’t expect the regulations to be easy, just predictable, a pair of executives told an audience in Pittsburgh.
More Rich Gas Gathering Planned for South Texas
Meritage Midstream Services LLC plans to build a rich gas gathering system in Webb County, TX, with Escondido Resources II LLC as the anchor customer.
Pennsylvania Proposals Aim to Lower Personal Taxes
The debate over taxing shale gas production in Pennsylvania is increasingly focusing on where the money would go, as two Philadelphia-area Republican lawmakers proposed severance taxes last week designed to ease the tax burden on individuals.
Breakthrough Reported to Reduce Hydrofrack Chemicals in Produced Water
A breakthrough technology using an absorbent form of silica removed nearly all of the petrochemicals from water produced by hydraulic fracturing (hydrofracking) in natural gas shale wells and other geologic formations, Energy Department scientists reported late last week.
Start-Up Gas Midstream Firm to Focus on Permian Shale Plays
With activity heating up in several Permian Basin shale plays, Houston-based start-up Nuevo Midstream, LLC announced Wednesday it has secured a $65 million equity commitment to develop midstream infrastructure for natural gas producers in the Permian.
SM Energy Targets Eagle Ford, Ponders Haynesville
Like its peer Petrohawk Energy Corp. (see related story), SM Energy Co. is focusing more on the Eagle Ford. Plans for its Haynesville holdings are evolving.
Chevron’s Domestic Gas Production Down 12%
Chevron Corp., which is focusing more on deepwater projects and overseas, reported Friday that its U.S. natural gas production declined by 12% in 3Q2010.