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Sinopec Claims Half-Stake in Chesapeake’s Mississippian Lime

Sinopec Claims Half-Stake in Chesapeake’s Mississippian Lime

Chesapeake Energy Corp. has begun operating its 850,000 net acre leasehold in the Mississippian Lime jointly with China’s Sinopec International Petroleum Exploration Corp. after the duo completed a $1 billion-plus joint venture (JV) agreement.

July 2, 2013

FracFocus Groups Fire Back at Harvard

One day after a report by Harvard Law School researchers leveled withering criticism against FracFocus, the two organizations that jointly manage the oil and natural gas disclosure registry fired back for what they claim were misrepresentations of the site.

April 25, 2013

ExxonMobil, Qatar Petroleum Sign MOU on North American Unconventionals

ExxonMobil Corp. and Qatar Petroleum International (QPI) on Monday signed a memorandum of understanding (MOU) to jointly evaluate unconventional natural gas and associated liquids resources in North America, as well as global opportunities for liquefied natural gas (LNG).

April 16, 2013

Industry Briefs

President Obama has signed an executive order to strengthen the cybersecurity of critical U.S. infrastructure by increasing information sharing and by jointly developing and implementing with industry partners a framework of cybersecurity practices. “Proactive and coordinated efforts are necessary for us to strengthen and maintain secure, functioning and resilient critical infrastructure — including the assets, networks and systems that are vital to public confidence and the nation’s safety, prosperity and well-being,” according to a White House statement. “This endeavor is a shared responsibility among the federal, state, local, tribal and territorial entities, and public and private owners and operators of critical infrastructure.” The executive order expands to other sectors the voluntary Enhanced Cybersecurity Services program, an information sharing program already in use by the Department of Defense, enabling near real-time sharing of cyber threat information. The order also requires federal agencies to produce and share unclassified reports of threats to U.S. companies and directs the National Institute of Standards and Technology to lead the development of a framework of cybersecurity practices to reduce cyber risks to critical infrastructure. It calls for a review of existing cybersecurity regulation and includes private and civil liberties protections, the White House said.

February 18, 2013

Executive Order Strengthens Infrastructure Cybersecurity

President Obama on Tuesday signed an executive order to strengthen the cybersecurity of critical U.S. infrastructure by increasing information sharing and by jointly developing and implementing with industry partners a framework of cybersecurity practices.

February 14, 2013

UGI, Tenaska to Develop Marcellus Gathering System

UGI Corp. has entered into agreements with Tenaska affiliate Tenaska Resources LLC to jointly develop natural gas resources in the Marcellus Shale in north-central Pennsylvania, the company said Monday.

January 16, 2013

EPA Presses FERC to Study Environmental Impact of Shale Gas

The Environmental Protection Agency (EPA) has called on FERC to expand the scope of its environmental analysis of Dominion Cove Point’s proposed liquefaction facilities, looking into the “foreseeable future” and exceeding its jurisdiction to include an investigation into the “indirect effects” related to natural gas drilling and combustion.

November 21, 2012

Explorers Target San Joaquin Basin

East West Petroleum Corp. and Lani LLC on Monday said they jointly plan to explore two prospective areas in California’s San Joaquin Basin, the Tejon Extension and Tejon Main.

November 20, 2012

ExxonMobil, Energy XXI to Partner in GOM Shallow Water

Gulf of Mexico (GOM) explorer Energy XXI Ltd. on Monday said it has two deals on the table with ExxonMobil Corp. to buy some shallow water properties in the Gulf of Mexico (GOM) and to jointly explore some adjacent targets.

October 2, 2012
EnerVest Selling Majority of Utica Leasehold

EnerVest Selling Majority of Utica Leasehold

EnerVest Ltd., the second biggest leaseholder in Ohio’s Utica Shale, plans to sell the majority of its property in several packages in hopes of fetching $6 billion or more.

September 18, 2012
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