Estimated global shale gas and shale oil resources represent 32% of the world’s natural gas and 10% of the world’s crude oil technically recoverable resources, according to an assessment released Monday by the U.S. Energy Information Administration (EIA).
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Draft Fracking Rules Get Mixed Reviews
The Interior Department’s Bureau of Land Management has made some concessions in its latest draft rule issued Thursday to avoid duplication of the states’ and tribal requirements for hydraulic fracturing (fracking) on public lands (see Daily GPI, May 17).
May 20, 2013
Marathon Oil, Talisman End Shale Exploration in Poland
Poland on Wednesday suffered a double dose of bad news regarding its prospective shale plays after Marathon Oil Corp. and Talisman Energy Inc. issued separate statements indicating that they were pulling out of the country.
May 10, 2013
SEC Advises Investors to Look Out for Oil, Gas Scams
The Securities and Exchange Commission (SEC) Thursday issued an alert to persons who are considering private securities offerings for oil and gas ventures as an investment opportunity, saying that such investments carry significant risks.
May 6, 2013
SEC Advises Investors to Look Out for Oil, Gas Scams
The Securities and Exchange Commission (SEC) Thursday issued an alert to persons who are considering private securities offerings for oil and gas ventures as an investment opportunity, saying that such investments carry significant risks.
May 6, 2013
U.S. Onshore Rig Activity to Rise through 2013, Says Baker Hughes
After five consecutive quarters of falling rig counts, U.S. onshore rig activity will improve through the rest of the year, according to a forecast issued on Friday by Baker Hughes Inc.
April 22, 2013
Atlas Pipeline Ups Ownership in Eagle Ford Midstream
Atlas Pipeline Partners LP stepped deeper into the Eagle Ford Shale in South Texas on Tuesday with a $1 billion cash agreement to buy privately held Teak Midstream LLC, a natural gas gathering and processing operator.
April 18, 2013
Trunkline Gas-to-Oil Pipe Conversion Gets Environmental OK
FERC Monday issued a favorable environmental assessment (EA) of Trunkline Gas Co.’s proposal to convert a multi-state natural gas pipeline to crude oil service for the Gulf Coast market.
April 17, 2013
Court Dings BLM for Failing to Assess Fracking Impact in Monterey
The federal Bureau of Land Management (BLM) did not give sufficient attention to the potential environmental impact from hydraulic fracturing (fracking) when it issued oil/gas leases for 2,500 acres two years ago, a judge in the U.S. District Court, Northern District of California, in San Jose ruled on Monday.
April 11, 2013
Interior ‘Stop Work’ Rule Would Help Rig Workers Prevent Accidents
The Interior Department’s Bureau of Safety and Environmental Enforcement (BSEE) has issued a final rule that is aimed at enhancing the safety of oil and gas rig workers in the federal Outer Continental Shelf (OCS).
April 5, 2013
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