In two separate but related cases in U.S. District Court for the Northern District of New York, a judge has ruled that energy companies can’t use the state’s de facto moratorium against high-volume hydraulic fracturing (HVHF) as an excuse to invoke force majeure to extend expiring oil and natural gas leases.
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North Dakota Eyes Fertilizer Plants for Flared Gas
North Dakota plans to pursue a series of innovative programs, including producing fertilizer at the well sites, to address natural gas flaring, which has risen to more than 30% in the latest monthly production totals.
November 26, 2012
WSI: Northeast Colder Than Normal Through January
The United States’ northern tier will be colder than normal over the next two months, with the northern Rockies and northern Plains in line for especially cold conditions, and Arctic air is expected to be a “frequent guest in [the] largest gas-demand population centers,” according to forecasters at Andover, MA-based Weather Services International (WSI). Above-normal temperatures are expected across the southern United States over the next three months, the forecasters said.
November 20, 2012
Colorado Water District Fights to Serve Oil/Gas Operators
A public-sector water conservancy is appealing to the Colorado Supreme Court for the right to divert and store water for prospective clients, including shale oil and gas operators. A state water court earlier denied the proposal by Yellow Jacket Water Conservancy District.
November 12, 2012
Legacy Reserves Expands Play in Permian
Expanding its assets in an area of its primary focus, Midland, TX-based Legacy Reserves LP said Wednesday it has agreed with Concho Resources Inc. to buy $520 million of Concho’s holdings in the Permian Basin. Legacy said it hopes to close the deal before the end of this year.
November 12, 2012
Cabot Production Up as Marcellus Midstream Expands
Houston-based Cabot Oil & Gas Corp. grew its natural gas production by 31% and its liquids production 61% during the third quarter compared to year-ago levels, the company said. It credited much of the growth to the Marcellus Shale, where infrastructure constraints that delayed some wells during the second quarter have been overcome.
October 29, 2012
Propane Inventories Hit Record in September
Given the state of natural gas liquids (NGL) markets, it should come as no surprise that U.S. propane inventories (including propylene stocks) hit a record high at the end of September while the average weekly spot price at Mont Belvieu, TX, hit a low not seen since the third quarter of 2009, according to the Energy Information Administration (EIA).
October 18, 2012
Murphy Oil to Keep ‘Very’ Focused on Eagle Ford
Murphy Oil Corp.’s plans to spin off its downstream operations will allow it to focus more time and money on exploration and production (E&P) opportunities, including a big leasehold in the Eagle Ford Shale, executives said Tuesday.
October 17, 2012
API Says Two-Day Notification to EPA ‘Makes Sense’
Beginning Monday, producers will have to notify the Environmental Protection Agency (EPA) two days in advance by e-mail of their plans to hydraulically fracture (frack) natural gas wells
October 10, 2012
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