North American shale gas, particularly in the United States, has proven an energy cost-saving miracle for consumers who otherwise would be staring at prices three or four times higher, according to reports released Thursday by Toronto-based TD Group, the holding company for TD Bank.
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Southwestern Growing in Marcellus, Learning in Brown Dense Play
During the third quarter, Southwestern Energy Co. grew natural gas and oil production by 12% from a year ago. Costs associated with its Fayetteville Shale activities declined while well results there improved. Marcellus Shale production more than doubled from a year ago, and the company continues to find its way in the emerging Brown Dense play.
November 5, 2012
‘Everybody’s Hesitating’ in North American Onshore, Says NOV Exec
National Oilwell Varco Inc. (NOV), the largest oilfield equipment supplier in North America, beat profit forecasts in 3Q2012 on solid demand in the deepwater and overseas, but the U.S. land drilling market has stalled, executives said Thursday.
October 26, 2012
ExxonMobil Builds Bakken Portfolio with Denbury Agreement
ExxonMobil Corp. has increased its hold in the Bakken Shale to nearly 600,000 net acres after agreeing to acquire Denbury Resources Inc.’s entire portfolio in the play, 196,000 net acres. The North Dakota and Montana properties had average production in the first six months of this year of about 15,400 boe/d, 88% weighted to oil and liquids.
September 21, 2012
WSI: Warming Atlantic Could Produce More Hurricanes
The 2012 Atlantic hurricane season, which has so far been relatively mild, may be about to intensify, according to Weather Services International (WSI), which increased its forecast to 14 named storms, including seven hurricanes, three of them major (Category 3 or higher).
August 22, 2012
Mississippian Lime Earning Industry’s Interest, IHS Says
The Mississippian Lime formation, which stretches across northern Oklahoma, western Kansas and southern Nebraska, is drawing increased industry interest, thanks to cheaper drilling costs and shallower wells compared to North Dakota’s Bakken Shale, according to the “IHS Herold Mississippian Oil Play Regional Play Assessment.”
August 6, 2012
Petronas Adds C$500M to Progress Energy Bid
Malaysian national oil company Petronas has increased to approximately C$6 billion its bid for Progress Energy Resources Corp. in a deal that would create a company that would deliver Canadian natural gas to world markets, Progress said. The amended offer was made in an effort to block an unsolicited proposal from another company.
August 6, 2012
Mississippian Lime Earning Industry’s Interest, IHS Says
The Mississippian Lime formation, which stretches across northern Oklahoma, western Kansas and southern Nebraska, is drawing increased industry interest, thanks to cheaper drilling costs and shallower wells compared to North Dakota’s Bakken Shale, according to the “IHS Herold Mississippian Oil Play Regional Play Assessment.”
August 6, 2012
A Portion of Williams Partners’ Atlantic Access Advances
Williams Partners LP said shipper interest supports a portion of Transcontinental Gas Pipeline’s (Transco) Atlantic Access project: expansion of the Leidy Line in northern Pennsylvania by up to 800,000 Dth/d by late 2015. However, the remainder of the previously announced Atlantic Access project will have to wait.
August 3, 2012
Petronas Adds C$500M to Progress Energy Bid
Malaysian national oil company Petronas has increased to approximately C$6 billion its bid for Progress Energy Resources Corp. in a deal that would create a company that would deliver Canadian natural gas to world markets, Progress said. The amended offer was made in an effort to block an unsolicited proposal from another company.
August 1, 2012
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