Initially

Houston-based Sanchez Energy Corp. is buying producing acreage in the Eagle Ford Shale for $265 million that will more than double current company-wide production and increase proved reserves by 63%.

Antero Resources is selling all of its natural gas and pipeline assets in the Piceance Basin for $325 million in cash plus assumption of its Rocky Mountain firm transportation obligations in order to focus more on the Marcellus and Utica shales.

Philadelphia Mayor Michael Nutter welcomed the Marcellus Shale Coalition (MSC) and the Shale Gas Insight 2012 Conference last week, but he warned the industry to do more to earn the public’s trust that hydraulic fracturing (fracking) is safe.

Former Pennsylvania Gov. Ed Rendell told attendees of a Philadelphia clean energy conference that he believes hydraulic fracturing (fracking) can be done safely, but added that he supports the de facto moratorium on drilling in the Delaware River Basin and would even back a genuine one.

Unit Petroleum Co., a subsidiary of Unit Corp., has agreed to pay $617 million to Noble Energy Inc. for oil and natural gas properties in western Oklahoma and the Texas Panhandle. The deal doubles Unit’s acreage in its Granite Wash core area.

In a story published in April, BP Expanding in GOM Deepwater, the initial gas processing capacity from the Mad Dog field was incorrectly stated (see NGI, April 16). The platform initially was designed to process up to 60 MMcf/d of gas and up to 100,000 b/d of oil. NGI regrets the error.

Skepticism of conventional wisdom is rarely out of place, particularly in the energy patch. But when the oil and gas industry is dealing with consumers, citizens and landowners, sincerity is the order of the day.

Producers operating in the Barnett Shale town Arlington, TX, will have to comply with new rules enacted Tuesday that call for greater drilling site security and improved aesthetics of drilling locations for future wells. Surveillance cameras will be required at drilling locations, and the use of diesel-powered rigs is banned within 450 feet of residences and other designated places. The vote was 7-0 in favor of the ordinance revision with one council member absent and one seat unfilled. Previously, some members had expressed reservations about the changes, saying they might be too onerous for the industry. One change that favors drillers is the allowance of concurrent applications for specific-use permits and gas well permits. Council initially approved the rules last month (see Shale Daily, Nov. 21).

The Arlington, TX, City Council Tuesday initially approved amendments to the city’s gas drilling ordinance that would place stricter requirements on operators. Among them are a requirement to install video surveillance equipment at drill sites and restrictions on the use of diesel-powered rigs in favor of electric rigs. The latter provision is intended to reduce noise and emissions at drill sites. Also slated for revision are the definition of “protected structures,” and setback compliance requirements. In order to take effect, the amendments need a second vote, which is expected to happen when the council meets next month.