Royal Dutch Shell plc, which operates the Athabasca Oil Sands Project (AOSP), said late Monday its oilsands operations have achieved a production milestone of 500 million bbl since production began in 2003. Current production capacity has reached 255,000 b/d, Shell said.
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One month after announcing that it was abandoning a potential partnership strategy to help develop its Eagle Ford Shale acreage in favor of a “go-it-alone plan,” Denver-based Forest Oil Corp. said it has entered into an agreement to sell the majority of its East Texas natural gas gathering assets to a subsidiary of Tristate Midstream II LLC for proceeds of $34 million.
Oklahoma City-based GMX Resources Inc. has hired Global Hunter Securities to help it sell a portion of the company’s Cotton Valley Sand liquids-rich natural gas properties in East Texas. A transaction is expected during the third quarter, GMX said. The company’s natural gas resources are in the East Texas Basin, in the Haynesville/Bossier shale and the Cotton Valley Sand Formation, where the majority of its acreage is contiguous, with infrastructure in place and substantially all held by production, GMX said. In early 2011 GMX branched out from its Haynesville/Bossier properties and acquired about 67,724 net acres within the core horizontal oil development areas of the Bakken/Sanish-Three Forks Formation in the Williston Basin and the Niobrara Formation in the Denver-Julesburg Basin (see Shale Daily, Feb. 2, 2011).
Penn Virginia Corp. (PVA) on Tuesday agreed to sell “substantially all” of its gassy Appalachian Basin portfolio, except the Marcellus Shale assets, to help fund development in the oily Eagle Ford Shale in South Texas.
The Perryville Hub in North Louisiana continues to raise its profile in the Gulf Coast region on the shoulders of Midcontinent shale gas production and growing gas-fired power generation demand in the Southeast. Pipeline operators are responding with efforts to streamline trading at the location with the expectation that it will become the supply-demand crossroads for shale gas and power plants.
The drilling boom in the Eagle Ford Shale of South Texas has increased instances of illegal drilling waste hauling in the region, while some South Texas counties have seen highway fatalities skyrocket, blamed largely on increased commercial truck traffic.
Noting the deals will help move closer to creating a national highway fueling network for natural gas vehicles (NGV), Clean Energy Fuels Corp. said that it has inked fuel supply deals with five trucking fleets that transport products for some of the nation’s largest and most well-known brands. The five will use compressed natural gas (CNG) and liquefied natural gas (LNG) supplied by Clean Energy from existing and new fueling stations for CNG and from Clean Energy stations serving LNG. Clean Energy said the trucking fleets are geographically diverse, but share a common goal of reducing their fuel costs and operating more cleanly. The companies are: Saddle Creek Logistics Services, Lakeland, FL; Premier Transportation, Atlanta, GA; Hoopes Turf Farm, Transportation Division, Ulysses, PA; Lily Transportation , Needham, MA; and Lancaster Foods, Jessup, MD.
Wyoming has set aside $750,000 to help fund cistern systems for Pavillion homeowners whose groundwater may have been contaminated by natural gas drilling, and affected residents will be able to take advantage of that offer, Gov. Matt Mead told reporters last Wednesday.