Formation

Montney’s Natural Gas In Place Estimated at 1,965 Tcf

Montney’s Natural Gas In Place Estimated at 1,965 Tcf

Canada’s rich gas vein, the Montney formation, dominates British Columbia (BC) production, even though the industry has only scratched the surface to date, the BC Oil and Gas Commission (BCOGC) said.

April 16, 2019

Duvernay Holds Huge NatGas, Oil and Liquids Reserves, Says New Appraisal

Sweet spots in Alberta’s Duvernay Shale natural gas formation harbor 9.6 billion bbl of liquid byproducts and premium light oil, according to a new marketable resources appraisal released Tuesday by provincial and federal earth-sciences agencies.

September 27, 2017

Washington County, VA, Approves Natural Gas Drilling

Elected officials in Washington County, VA, approved a change to local zoning laws to open the county to natural gas development, which could include the use of hydraulic fracturing (fracking) to extract natural gas locked in limestone, sandstone and some deeper shale formations.

September 12, 2014
Argentina’s YPF, Malaysia’s Petronas Sign $550M Vaca Muerta Deal

Argentina’s YPF, Malaysia’s Petronas Sign $550M Vaca Muerta Deal

Argentina’s state-controlled YPF SA has reached an agreement valued at $550 million with Malaysia’s national oil and gas company, Petronas, for the development of shale oil and gas resources in the Vaca Muerta formation, in Argentina’s Neuquen province, YPF said Thursday.

August 28, 2014
Marcellus Shale Coalition Expects New CEO by Mid-October

Marcellus Shale Coalition Expects New CEO by Mid-October

The Marcellus Shale Coalition (MSC) should announce a new CEO by the middle of the month, according to the industry group’s chairman.

October 4, 2013
Despite Marcellus Surge, May U.S. NatGas Output Nearly Flat Year/Year

Despite Marcellus Surge, May U.S. NatGas Output Nearly Flat Year/Year

New wells in the Marcellus Shale kept natural gas production there on the upswing in May, but declines in several other areas kept total U.S. production to 81.84 Bcf/d, just 0.3% higher than the 81.61 Bcf/d reported in May 2012, according to the Energy Information Administration (EIA).

August 2, 2013

LNG Approval Delays Costing Billions, Think Tank Says

Pro-business Washington, DC, think tank American Council for Capital Formation (ACCF) has a new paper extolling the benefits of exporting liquefied natural gas (LNG) that it hopes will light a fire under the U.S. Department of Energy (DOE) and its export approval process.

July 22, 2013
April NatGas Production Up on Marcellus, Niobrara, Says EIA

April NatGas Production Up on Marcellus, Niobrara, Says EIA

The Marcellus Shale is still powering natural gas production increases, as reported by the Energy Information Administration (EIA), even though the agency continues to lump main Marcellus state Pennsylvania into the “other” category in its monthly production report.

July 1, 2013

Rochester, NY, Extends Mostly Symbolic Drilling Moratorium

In what is considered a symbolic gesture, Rochester, NY’s city council voted unanimously on Tuesday to extend by one year a moratorium on natural gas exploration and extraction activities, and in particular, hydraulic fracturing (fracking).

June 20, 2013

Koch Pondering Bakken Crude Pipeline

Koch Pipeline Co. LP is holding a nonbinding open season for the Dakota Express Pipeline, which would carry crude oil from the Bakken Shale in western North Dakota to Hartford and Patoka, IL. A connection at Patoka to the Eastern Gulf Crude Access Pipeline to carry crude to Gulf Coast refineries is also contemplated.

June 19, 2013
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