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Goal

Triangle Records First Profitable Quarter, Excited About Williston JV

Triangle Petroleum Corp. recorded the first profitable quarter in its history, is on track to meet its oil production goal for the year and is excited about its new joint venture (JV) in the Bakken Shale, even as it keeps at the ready plans to drop a drilling rig should policymakers in Washington, DC, fail to reach a compromise over the fiscal cliff.

December 14, 2012
Bakken’s Largest Leaseholder Raises Estimates 57%

Bakken’s Largest Leaseholder Raises Estimates 57%

Oklahoma City-based Continental Resources Inc., the Bakken’s largest leaseholder, said Monday it has raised its reserves estimates for parts of the Bakken Three Forks area by 57% to 903 billion bbl following completion of an initial test well.

December 5, 2012

House Republicans Raise Questions About FERC’s New Cyber Office

While noting that they share FERC’s goal of protecting the nation’s energy infrastructure from physical and cyber security threats, top Republicans on the House Energy and Commerce Committee questioned the agency about the statutory authority that it relied upon to create the new Office of Energy Infrastructure Security (OEIS) to shield facilities from these risks.

October 15, 2012

Washington Post Editorial Supports Fracking in New York State

Last month Department of Environmental Conservation (DEC) Commissioner Joseph Martens said he anticipated an eventual legal challenge to any rules the agency creates for regulating HVHF in the state, and he asked Health Commissioner Nirav Shah to conduct a health impact analysis of the practice (see Shale Daily, Sept. 24). The newspaper said it agreed with the observation by DEC officials and drilling supporters: that Martens’ decision would probably cause enough of a delay to require an additional public comment period (see Shale Daily, Oct. 4; Oct. 2).

October 9, 2012

Seneca Resources Completes Wells in Marcellus and Utica

Seneca Resources Corp. is proceeding with drilling operations in the Marcellus and Utica shales, and has established positions in oil fields in Kansas and California, the National Fuel Gas Co. (NFG) subsidiary said Thursday.

October 1, 2012

Govt/Industry Dramatically Cut Marcellus Environmental Incidents, Report Finds

Hydraulic fracturing (fracking) is becoming safer in Pennsylvania’s Marcellus Shale, thanks at least in part to the state’s regulation of the practice, according to researchers at the University at Buffalo’s (UB) Shale Resources and Society Institute.

May 16, 2012

IHS CERAWeek: Gas Price Pain? Blame Progress

Natural gas prices are going to stay low “for quite a while,” and producers are just going to have to deal with it; after all, it’s their fault, Southwestern Energy CEO Steven Mueller told a Houston audience Wednesday.

March 9, 2012

White House Asked to Coordinate Federal Review of Fracking

A major producer group has called on the White House to take the lead in coordinating federal reviews of hydraulic fracturing (fracking) with the goal of avoiding redundancy and streamlining work.

March 6, 2012

Utah-California Coal Link May be Gasified

With a goal to be rid of coal-fired generation by 2020, the Los Angeles Department of Water and Power (LADWP) is searching for alternatives to its stake in the Utah-based coal-fired Intermountain Power Project (IPP) facility. One option may be to covert some of the units to run on natural gas.

February 9, 2012

Permian Midstream Player Expanding Again

Nuevo Midstream LLC is beefing up its gas processing and treating capacity in the Delaware Basin near Orla, TX, targeting service to producers that are pursuing the liquids-rich Bone Spring, Wolfcamp and Avalon Shale plays, the company said Wednesday.

December 16, 2011