Alliance Owners Agree to Start Building Bakken Lateral

Two Calgary-based companies announced Tuesday that they will construct a 77-mile pipeline lateral in North Dakota to transport liquids-rich gas from the Bakken Shale to the Midwest for processing.

September 29, 2011

Petrohawk Was Fast Mover in Eagle Ford, Says Exec

Petrohawk Energy Corp. got into the Eagle Ford Shale and moved fast. Those are the keys to success in shale plays, the company’s vice president of exploration, Charles Cusack, told a Houston audience Wednesday.

August 18, 2011

Eagle Ford Stars in Penn Virginia Liquids Shift

Penn Virginia Corp. CEO H. Baird Whitehead admitted to financial analysts Thursday that the company is “essentially a one-trick pony at this moment” due to its heavy focus on the Eagle Ford Shale of South Texas. However, he said, “we think it’s a pretty good-looking pony.”

August 5, 2011

EXCO Gives Up On Sale

The EXCO Resources Inc. board of directors is ending its bid to sell the company.

July 11, 2011

Producers Mindful of Water in Drought-Ravaged Texas

The record-breaking drought gripping Texas has the state’s reservoir/aquifer managers eyeing water levels and issuing warnings. But lower water reserves apparently have not seriously affected oil and gas activities in the state, at least not yet.

June 15, 2011

Shale Rigs Gain on the Week, Remain Lower than Last Month

Shale gas plays gained 14 active rigs to 964 rigs in the week ended April 29 over the previous week’s 950 rigs for a 1% increase, but the total was a 2% decrease from the 981 rigs active a month ago for the week ending April 1, according to NGI’s Shale Daily Unconventional Rig Count.

May 2, 2011

Onshore Oil Shales Push Rig Forecasts Higher

With the onshore oil rig count “on fire,” Raymond James & Associates Inc. on Monday raised its U.S. onshore rig forecast for 2011 by 3% and initiated a 2012 forecast that is 9% higher year/year (y/y).

April 27, 2011

Philadelphia Bans Marcellus Gas Supplies Pending EPA Study

Philadelphia officials on Tuesday directed the city-owned natural gas utility not to buy Marcellus Shale gas until more is known about the safety of hydraulic fracturing (hydrofracking).

January 20, 2011

Chesapeake’s ‘Profligate’ Spending, Accounting Scrutinized

Shale giant Chesapeake Energy Corp. “has one of the industry’s best collections of natural gas assets,” but “continuing concerns about the company’s profligate spending” and accounting methods led veteran analyst Philip H. Weiss of Argus Research to trim his recommendation to “sell” last week.

December 6, 2010

Fitch Sees Safety in Shales for Pipeline

Midcontinent Express Pipeline’s (MEP) access to high-growth gas shale basins, such as the Barnett, Bossier, Woodford and Haynesville, plus long-term, fixed-fee capacity reservation contracts give the 505-mile pipeline a “stable outlook,” according to Fitch Ratings.

October 4, 2010