Further

Observers need look no further than ExxonMobil Corp.’s buyout of shale king XTO Energy Corp. in late 2009 to acknowledge that the integrated U.S. producers aren’t ceding North America’s unconventional oil and gas reservoirs to the independents.

Observers need look no further than ExxonMobil Corp.’s buyout of shale king XTO Energy Corp. in late 2009 to acknowledge that the integrated U.S. producers aren’t ceding North America’s unconventional oil and gas reservoirs to the independents.

A study commissioned by the state of Alaska paints a picture of rising costs in North American shale gas plays and higher gas prices in the years ahead that lend support to the case for a gas pipeline from the state’s North Slope to serve Lower 48 markets.

BP plc has agreed to not pursue further oil and gas development on leases it owns near Montana’s North Fork of the Flathead River, including one property located at the entrance of the Glacier National Park, said Montana’s Democratic Sens. Max Baucus and Jon Tester.

Trans Energy Inc. has begun drilling its sixth horizontal well in Marshall County, WV, looking to further tap into the area’s Marcellus Shale gas, the independent exploration and production company said Monday.

BP plc has agreed to not pursue further oil and gas development on leases it owns near Montana’s North Fork of the Flathead River, including one property located at the entrance of the Glacier National Park, said Montana’s Democratic Sens. Max Baucus and Jon Tester.

Oil field services provider Halliburton Co. Monday announced that it will publicly disclose fluids used in hydraulic fracturing (fracking) activities, has set up a website to carry this out, and has introduced a first-of-its-kind ecofriendly fracture fluid system made up of materials sourced entirely from the food industry.

With Tomas being further demoted from a tropical storm to a tropical depression and the industry expecting a much larger-than-normal storage injection in Thursday report for the week ending Oct. 29, natural gas futures were back to probing the downside in Wednesday’s regular trading session.

Reflecting continued depressed retail demand and lower wholesale natural gas costs, the Idaho Public Utilities Commission (PUC) on Wednesday lowered further the retail rates of Boise-based Intermountain Power Co. The utility revenue requirement was dropped by $2.2 million and retail rates were cut slightly, effective last Friday.