The first four in a series of 10 short films on energy from the director and producer of “Haynesville: A Nation’s Hunt for an Energy Future” (see Shale Daily, Nov. 23, 2010) debuted at the Aspen Ideas Festival in Colorado this week.
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Gasco’s Updated Uinta Basin Plans Get BLM Nod
The Bureau of Land Management (BLM) has approved Gasco Energy Inc.’s proposal to develop nearly 1,300 natural gas wells over 15 years in Utah’s Uinta Basin, the agency said Monday.
North Carolina Frack Bill Passes, Bound for Governor
A bill to legalize and begin regulating hydraulic fracturing (fracking) passed the North Carolina House of Representatives on Thursday. It will return briefly to the state Senate before being sent to Gov. Bev Perdue for her signature.
Chesapeake to End CEO Well Plan; S&P Cuts Ratings
Chesapeake Energy Corp.’s board of directors Thursday was working with CEO Aubrey McClendon to terminate early the Founder Well Participation Program (FWPP) in which the CEO has a contractual right to participate and invest up to a 2.5% working interest in every new well the company drills.
Equal Takes Atlas as Partner in Mississippian Lime
Atlas Resource Partners LP (ARP) has entered into a joint venture (JV) agreement with subsidiaries of Canada’s Equal Energy Ltd. in the core area of the Mississippian Lime, a formation in Oklahoma and Kansas rich in oil and natural gas liquids (NGL).
AGA: Shales Push Natural Gas Reserves to Record 300 Tcf
Data gathered from 30 large domestic natural gas producers indicate that the U.S. inventory of gas reserves has grown to about 300 Tcf, according to a new report from the American Gas Association (AGA). That estimate, based in large part on new discoveries in shale plays, shatters the previous domestic reserves record of 293 Tcf, which was recorded in 1967.
One Year In, First Utica Production Figures Called ‘Significant’
The first glimpse of Utica Shale productivity makes two things clear: Chesapeake Energy Corp. is leading the way and it is producing a fair amount of natural gas.
Plains All American Planning Mississippi Lime Pipeline
Plains All American Pipeline (PAA) plans to build a 170-mile pipeline between Alfalfa County, OK, and its Cushing, OK, storage facility to service increasing Mississippi Lime crude oil production in northern Oklahoma and southern Kansas, the Houston-based company said.
Granite Wash to Be Linn’s Primary Focus in 2012
With new liquids-rich properties in pocket, Linn Energy LLC said Monday it plans to spend $880 million in capital expenditures (capex) in 2012, with more than half allocated to the unconventional Granite Wash formation in Texas.
Gas Marketers Report Further Declines in 3Q2011
For the second consecutive quarter three of the top five natural gas marketers reported sales volume declines compared with the year-ago period, and 24 leading companies had total sales transactions of 127.06 Bcf/d in 3Q2011, an 8.54 Bcf/d (6%) decrease from the 135.60 Bcf/d they transacted in 3Q2010, according to NGI’s 3Q2011 Top North American Gas Marketers Ranking.