With production growing 39% in the Ardmore Basin’s Woodford Shale and a 75% increase in Bakken output, ExxonMobil Corp. plans to forge ahead with liquids and crude oil unconventional opportunities in North America, and keep its substantial natural gas prospects for better days, the investor relations chief said Thursday.
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Let’s Make a (Shale) Deal! U.S. Onshore Still Opening Doors, Says PwC
Strategic investors and foreign buyers continue to press for deals in U.S. unconventional fields, but higher prices have pushed private equity (PE) momentarily to the sidelines, according to PwC US.
Eagle Ford Surge: Tens of Thousands of Jobs, Billions in Revenue
Development of oil and natural gas in the Eagle Ford Shale added more than $61 billion in total economic impact during 2012, according to a study by the Center for Community and Business Research in The University of Texas at San Antonio (UTSA) Institute for Economic Development.
North Dakota Officials Continue Focus on Flaring
With just minuscule movement downward in the amount of associated natural gas being flared, North Dakota’s top oil and gas official in his latest monthly report said that the state and industry are stuck at about a 28.5-29% level of flared associated gas.
BLM Pulls in $4.1M in Utah Lease Sale
The U.S. Bureau of Land Management (BLM) received bonus oil and natural gas bids totaling $4.068 million for 26 parcels in Utah that cover 37,414 acres in the latest quarterly lease sale, officials reported Tuesday.
Utility, Siemens Aim for Natural Gas Fueling Share
A long-established Midwest gas utility holding company and an international industrial giant are the latest players to indicate they intend to compete in the growing natural gas transportation fuel market.
EIA: Still More Gas in November
Natural gas production in the Lower 48 states climbed 0.6%, or 0.41 Bcf/d, in November from October levels, according to the latest figures from the Energy Information Administration (EIA). Lower 48 production was 73.88 Bcf/d, a new record for the data, which EIA began reporting in January 2005.
Some U.S. Oil Producers Taking Rail, Barges Over Pipes
Oil, the latest growth engine of the U.S. unconventional boom, is spurting up from the ground at an exceptional pace, which is leading many operators to rethink where — and how — they want to deliver their reserves for the best prices.
Oilsands Project Gets Green Light in Utah
The first oilsands project with longer term commercial possibilities in Utah has gotten approval to move forward from a citizen appeal board for the state Division of Oil, Gas and Mining (DOGM). It’s backers say it is the first commercial-scale oilsands project in the United States.
TransCanada Pipeline Project Targets Montney Gas
Five years from now, Montney Shale gas could have a pathway to the British Columbia (BC) west coast and potentially lucrative Asian gas markets via a C$5 billion pipeline project announced by TransCanada Corp. on Wednesday.