ConocoPhillips has entered into an agreement with China Petrochemical Corp., a state-owned company also known as Sinopec Group, to perform a study of unconventional oil and natural gas resources in China’s Sichuan Basin.
Hess
Articles from Hess
Enbridge In Bakken-Focused Rail JV
Enbridge Inc. unit Enbridge Rail (Philadelphia) LLC and Canopy Prospecting Inc. have formed the Eddystone Rail Co. to develop a unit-train facility and related pipeline infrastructure near Philadelphia, PA, to deliver Bakken and other light sweet crude oil to Philadelphia area refineries.
Continental Buying in the Bakken, Selling Noncore Conventional Assets
Continental Resources Inc. has signed separate agreements to buy producing and undeveloped properties in the Bakken Shale for $650 million, and to sell land and assets in its east region for $125 million.
Ohio’s Latest Utica Map Rolling Out in September
The Ohio Department of Natural Resources (ODNR) plans to unveil a map that outlines economically viable areas of the state’s portion of the Utica/Point Pleasant Shale by late September, which could provide oil and natural gas operators with a valuable tool to use for future exploration.
Continental Increases Bakken Position Through Wheatland Oil Purchase
Continental Resources Inc.’s shareholders have approved the company’s purchase of Wheatland Oil Inc.’s core assets in the Bakken Shale, a stock deal valued at about $276 million.
North Dakota Production Climbs; Prices Suppressed
Oil and natural gas production in North Dakota’s Bakken Shale continued climbing in April, according to a state Industrial Commission preliminary report released Wednesday. A continuing supply glut wreaks havoc on prices for Bakken crude, according to an analysis from RBN Energy LLC.
Range, Consol Tout Marcellus Growth
The bottlenecks of the Marcellus Shale appear to be easing, as two of the oldest shale producers in the region recently announced production milestones.
Bakken Producers to Get New NGL Takeaway Alternative
Aux Sable Midstream (ASM) plans to build a natural gas liquid (NGL) truck unloading facility at its Palermo Conditioning Plant in Palermo, ND to serve growing production of NGL-rich gas from the Bakken Shale.
Producers Protest Sea Robin’s Proposed Hurricane Surcharge
ExxonMobil Gas & Power Marketing and Hess Corp. have filed a protest at FERC against an attempt by Sea Robin Pipeline Co. LLC to collect a surcharge for extensive damages it incurred during Hurricane Ike last September and to install a mechanism to regularly institute surcharges for costs to repair damage from disasters beyond amounts covered by insurance.
Producers Protest Sea Robin’s Proposed Hurricane Surcharge
ExxonMobil Gas & Power Marketing and Hess Corp. have filed a protest at FERC against an attempt by Sea Robin Pipeline Co. LLC to collect a surcharge for extensive damages it incurred during Hurricane Ike last September and to install a mechanism to regularly institute surcharges for costs to repair damage from disasters beyond amounts covered by insurance.