Seeking to coordinate more closely with other state stakeholders, Wyoming’s Office of State Lands and Investments decided to delay action on the state’s draft policy on natural gas flaring until January. That would put off action until the State Board of Lands Commissioners, which includes Gov. Matt Mead, meets next year.
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Seeking to coordinate more closely with other state stakeholders, Wyoming’s Office of State Lands and Investments plans to delay action on the state’s draft policy on natural gas flaring until January next year. That would put off action until the State Board of Lands Commissioners, which includes Gov. Matt Mead, meets next year.
Interest in acquiring shale acreage, midstream transactions and foreign investments in the United States drove domestic natural gas and oil mergers and acquisitions (M&A) value to $39 billion in the second quarter, according to an analysis by PwC US.
Setbacks in several production regions, including the Bakken Shale, resulted in an overall decline in Hess Corp.’s 2Q2011 daily output, but those setbacks were mostly short-term, and the company was able to post a 62% earnings increase compared with 2Q2010.
Arkansas regulators Wednesday afternoon established a permanent moratorium area for any new drilling wastewater injection wells in an area of the Fayetteville Shale where four such wells are thought to have contributed to earthquakes.
Global natural gas and oil companies remain cautious as they consider making new investments and hiring more employees, but a surge in worldwide energy demand should increase hiring to the end of this year, according to a report released on Wednesday.
Encana Corp., Canada’s No. 1 natural gas producer, on Tuesday said it has ended talks with a subsidiary of PetroChina International Ltd. to jointly develop a gassy Cutbank Ridge leasehold, which straddles the borders of northeast British Columbia (BC) and northwest Alberta.
Harvest Natural Resources Inc. (HNR) has completed the sale of its oil and gas assets in the Uinta Basin of Utah to an affiliate of Newfield Exploration Co. for $215 million in cash, Houston-based HNR said Wednesday. The sale has an effective date of March 1.
Chesapeake Energy Corp. said last week it plans to sell all of its Fayetteville Shale assets, as well as its equity investments in Frac Tech Holdings LLC and privately held Chaparral Energy Inc. Pre-tax proceeds could exceed $5 billion, the Oklahoma City-based company said.