Holds

WPX Takes 3Q Loss, But Bakken Oil and Marcellus Gas Booming

WPX Energy Inc. announced a net loss of $64 million for 3Q2012 on Thursday, but it also reported significant growth in oil production in the Bakken Shale and tripled natural gas production in the Marcellus.

November 2, 2012

EFL Overseas Takes Controlling Interest in Liard Basin Project

EFL Overseas Inc. (EFLO) has acquired from Nahanni Energy Inc. additional rights and interests in the Liard Basin natural gas field and facilities in the Kotaneelee area of the Yukon Territory, the Houston-based company said.

October 29, 2012

Utica Shale: What’s the Potential?

The Utica Shale holds an estimated 38 Tcf of undiscovered, technically recoverable natural gas, or less than half that of the Marcellus Shale, according to the first assessment of the Appalachian Basin play by the U.S. Geological Survey (USGS). An estimated 940 million bbl of unconventional oil resources and 9 million bbl of natural gas liquids (NGL) also are trapped in Utica rock, said scientists last week.

October 8, 2012

USGS: Utica Pales in Comparison to Marcellus, Greater Green River

The Utica Shale holds an estimated 38 Tcf of undiscovered, technically recoverable natural gas, or less than half that of the Marcellus Shale, according to the first assessment of the Appalachian Basin play by the U.S. Geological Survey (USGS). An estimated 940 million bbl of unconventional oil resources and 9 million bbl of natural gas liquids (NGL) also are trapped in Utica rock, said scientists.

October 5, 2012

Utica Reserves Seen Much Lower than Marcellus, Greater Green River

The Utica Shale holds an estimated 38 Tcf of undiscovered, technically recoverable natural gas, or less than half that of the Marcellus Shale, according to the first assessment of the Appalachian Basin play by the U.S. Geological Survey (USGS). An estimated 940 million bbl of unconventional oil resources and 9 million bbl of natural gas liquids (NGL) also are trapped in Utica rock, said scientists Thursday.

October 5, 2012
More Processing Capacity on Tap for Mississippian Lime Producers

More Processing Capacity on Tap for Mississippian Lime Producers

Caballo Energy LLC is building a cryogenic gas processing plant to serve expanding production in the liquids-rich Mississippian Lime and Cana Woodford Shale plays.

September 20, 2012
Sanchez Energy: Plenty of Eagle Ford Running Room

Sanchez Energy: Plenty of Eagle Ford Running Room

Houston-based Sanchez Energy Corp., which holds a 95,000 net acre position in the liquids-rich Eagle Ford Shale, highlighted the performance of recent wells and said they “demonstrate the progress made in substantially derisking the majority of the company’s acreage position in the Eagle Ford Shale trend.”

August 29, 2012

Magnum Hunter Grows Reserves, Oil/Liquids Exposure

Magnum Hunter Resources Corp. posted a 51% increase in estimated total proved reserves as of June 30 compared to the year-ago period, the shale-focused producer said.

July 17, 2012

Chesapeake Caves to Shareholders; Utica Acreage For Sale

Ahead of the annual shareholder meeting on Friday, Chesapeake Energy Corp. acquiesced to demands of major shareholder groups and Carl Icahn, who now holds 7.8% of the stock, and said four existing independent directors would resign from the board. The company also has put up for sale 337,481 net acres in its prized Utica/Point Pleasant Shale, which would give it less than one million acres in the play.

June 5, 2012

MDU Pays $66M for Stake in Whiting’s Bakken Midstream Assets

MDU Resources Group Inc., which has five rigs in operation in the Bakken Shale and holds 124,000 net leasehold acres in the play, said subsidiary Bitter Creek Pipelines LLC has paid $66 million for a 50% interest in Whiting Oil and Gas Corp.’s natural gas and oil midstream assets near Belfield, ND.

May 23, 2012