Crosstex Energy LP will pay about $210 million to buy privately held pipeline services provider Clearfield Energy Inc., a deal that would significantly expand its crude oil and condensate services in the Utica Shale, the Dallas-based partnership said Tuesday.
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Raymond James: U.S. Oil Rig Count May Decline in 2013
The U.S. government and private energy analysts appear to have come to a foregone conclusion that the domestic natural gas drilling rig count will take a dive in 2013, but if any are “blindly assuming” that the U.S. oil rig count will “continue to move up and to the right,” they may be wrong, said the team at Raymond James & Associates Inc.
Alberta Oilsands to Tighten Provincial Gas Supply
Alberta oilsands projects will eventually burn more than half of the province’s natural gas production if current development trends continue, new forecasts show.
Alberta Oilsands a Natural Gas Gobbler
Alberta oilsands projects will eventually burn more than half of the province’s natural gas production if current development trends continue, new forecasts show.
EIA: January Production Gains Mainly from ‘Other’ States
Lower 48 gas production in January climbed half a percent or 0.36 Bcf/d, to a record 72.85 Bcf/d, mainly thanks to production gains in states in the Energy Information Administration’s (EIA) “other states” category.
Marcellus Felt in EIA’s January Production Data
Lower 48 gas production in January climbed half a percent or 0.36 Bcf/d, to a record 72.85 Bcf/d, mainly thanks to production gains in states in the Energy Information Administration’s (EIA) “other states” category, which included drilling activity in the Marcellus Shale.
Exco Dropping Rigs but Still Looking for Opportunities
With a eye on natural gas prices, Dallas-based Exco Resources Inc. is dropping more than half of its drilling rigs in the Haynesville Shale this year, cutting one rig in the Marcellus and deferring well completions in natural gas plays. However, CEO Doug Miller said Friday there are “huge opportunities” to buy distressed properties, which the company intends to pursue.
Exco Drops Rigs but Eyes Opportunities
Dallas-based Exco Resources Inc. is dropping more than half of its drilling rigs in the Haynesville Shale this year, cutting one rig in the Marcellus and deferring well completions in natural gas plays. However, CEO Doug Miller said Friday there are “huge opportunities” to buy distressed properties, which the company intends to pursue.
Talisman: Impact Fee Timing Stinks
Talisman Energy Inc. said Wednesday it will decrease its Marcellus Shale exploration activities and cut its capital spending budget for the play in half this year.
BLM Reduces Piceance Acreage Available for Oil Shale, Tar Sands
The Interior Department’s Bureau of Land Management (BLM) Friday issued a draft proposal, cutting in half the public lands that could be made available in three western states, and limiting activities to early research and development projects for oil shale and tar sands resources.