Interests

New York Bankruptcy Court OKs Norse Lease Sale; CFO Leaving

A bankruptcy court in New York has approved plans by Norse Energy Corp. USA to sell its assets, especially oil and gas leases for about 130,000 net acres in the state’s portion of the Marcellus and Utica shales.

July 31, 2013

Constitutionality of Pennsylvania’s Act 13 ‘Significant Concern’ for Industry

There is “significant concern” among oil and gas interests that the Pennsylvania Supreme Court could deadlock in a 3-3 tie over the constitutionality of Act 13 because the high court’s newest appointee will not participate in the case challenging the law.

July 22, 2013

SM Energy Selling Anadarko Basin Properties

Denver-based SM Energy Co. is marketing all of its properties in the Anadarko Basin, including its Granite Wash interests. The sale of the gas-weighted assets is part of normal high-grading activities, the company said. Proceeds could be spent in the Permian Basin or in the Eagle Ford Shale, analysts speculated last week.

July 15, 2013

SM Energy Selling Anadarko Basin Properties

Denver-based SM Energy Co. is marketing all of its properties in the Anadarko Basin, including its Granite Wash interests. The sale of the gas-weighted assets is part of normal high-grading activities, the company said Wednesday. Proceeds could be spent in the Permian Basin or in the Eagle Ford Shale, analysts speculated Wednesday.

July 11, 2013

Forbes U.S. Billionaires Prefer Shale

Any U.S. oil and gas wildcatter looking for a way to get on the Forbes annual Billionaires list might take a hint from some of the interests among those who made this year’s list, published Monday. They like oil and they like natural gas, and many of them especially like shale.

June 26, 2013

EDF ‘Co-opted’ by NatGas Industry, Grassroots Groups Say

The Environmental Defense Fund (EDF) has allowed itself “to be co-opted by industry interests on the issue of hydraulic fracturing [fracking] for shale gas,” and does not speak for local communities on the issue, representatives of 67 grassroots organizations said Wednesday.

May 23, 2013

Williams Bullish on Natural Gas, Liquids Prospects

Market dynamics have built big windows for North American natural gas projects, which international interests and big producers are ready to open, the Williams CEO said Tuesday.

May 22, 2013

SemGroup Builds Mississippian Services in Chesapeake Deal

Tulsa-based midstream operator SemGroup on Wednesday agreed to a $300 million cash price for Chesapeake Energy Corp.’s interests in subsidiary Mid-America Midstream Gas Services LLC, that comes with a 20-year gathering and processing contract for 540,000 net acres in the Mississippian Lime play.

May 2, 2013

Clayton Williams Monetizes Texas Assets

Midland, TX-based Clayton Williams Energy Inc. (CWEI) has struck a deal with a financial investor to monetize 95% of its Wolfberry oil and gas reserves, leasehold interests and facilities in Andrews County, TX, for $214 million. Proceeds will be used to reduce debt.

April 22, 2013

Colorado Poised to Make Drilling Rules Mandatory

After relying on industry voluntary actions regarding drilling setback and water sampling approaches, Colorado regulators are poised to establish new mandatory rules covering exploration and production (E&P) companies.

January 7, 2013
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