Houston-based Halcon Resources Corp., which became a public company about a year ago, has been building acreage positions in several unconventional oil and gas plays and last year grew proved reserves to 108.8 million boe, an increase of 417% from the end of 2011.
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Hoping to head off threats of a state moratorium on hydraulic fracturing (fracking), Illinois state legislative, oil/natural gas industry and environmental leaders on Thursday announced agreement on a bipartisan bill (HB 2615) establishing rules on the use of the contested well stimulation practice.
The Independent Oil & Gas Association of New York (IOGA) has submitted 119 pages of comments to the state Department of Environmental Conservation (DEC), just before the deadline to comment on the proposed rules governing high-volume hydraulic fracturing (HVHF).
The impact of unconventional domestic shale gas and tight oil reserves is impacting domestic manufacturing and has upended global competitiveness, according to IHS Inc.
A subsidiary of Royal Dutch Shell plc has been given another six months to decide whether to purchase property in western Pennsylvania for a proposed “world scale” ethane cracker in the heart of the Marcellus Shale.
A federal judge has given final approval to the economic portion of a multibillion dollar class action settlement between BP plc and thousands of individuals and businesses affected by the April 2010 deepwater Macondo well blowout.
Physical natural gas for weekend and Monday deliveries fell nearly 8 cents Friday as traders were reluctant to make purchases given the large amount of gas available and limited demand in a number of areas.
Given the state of natural gas liquids (NGL) markets, it should come as no surprise that U.S. propane inventories (including propylene stocks) hit a record high at the end of September while the average weekly spot price at Mont Belvieu, TX, hit a low not seen since the third quarter of 2009, according to the Energy Information Administration (EIA).
Given the growing uncertainty concerning an idle nuclear power plant in Southern California, state energy officials Wednesday emphasized the quick response to power load spikes of a new natural gas-fired peaking plant that they approved unanimously.