Major

ExxonMobil Builds Woodford War Chest

ExxonMobil Builds Woodford War Chest

ExxonMobil Corp.’s quest to remain the biggest operator in the Ardmore Basin’s Woodford Shale remains on track after the super major agreed to pay $147.5 million to buy the bulk of BNK Petroleum Inc.’s leasehold in the Tishomingo Field.

March 19, 2013

ExxonMobil Proved Reserves Top 25.2 Billion Boe

ExxonMobil Corp. in 2012 replaced 115% of its production, which included 56% of natural gas output, by adding proved reserves totaling 1.8 billion boe, the super major said last week.

February 25, 2013

Midwest Cold, Wind Firm Quotes; Futures Balk

Cash prices overall lurched higher Wednesday as weather forecasts continued to call for bone-chilling winds across major Midwest and eastern market centers. Without the multi-dollar gains posted at a handful of Northeast points, the average national gain was 8 cents, but with those gains factored in, the average rose to 21 cents.

February 21, 2013

ExxonMobil Proved Reserves Hit 25.2 Billion Boe

ExxonMobil Corp. replaced 115% of its 2012 production by adding proved reserves totaling 1.8 billion boe, the super major said Tuesday.

February 20, 2013

Pipeline Industry Needs Skilled Workers, Says PG&E Exec

In the wake of a string of major natural gas pipeline mishaps and stepped up regulatory oversight, a 30-year gas industry veteran said there is a critical need throughout the industry to produce a new generation of well-trained welders and other skilled personnel.

February 8, 2013

Black Hills Bullish on Mancos Gas Shale

Internal test results, couple with those of other local operators, have bolstered Mancos Shale natural gas prospects for Rapid City, SD-based Black Hills Corp., according to CEO David Emery, who offered an optimistic outlook in reporting increased profits for 4Q2012 and all of last year for the diversified utility and exploration and production (E&P) company.

February 5, 2013

Energy Department Hit by Hackers

A “cyber incident” at Department of Energy (DOE) headquarters in Washington, DC, in mid-January targeted the agency’s network “and resulted in the unauthorized disclosure of employee and contractor” information.

February 5, 2013

Industry Briefs

Two major metropolitan transit operators in Southern California could add more than 1,000 compressed natural gas (CNG) buses from Toronto-based New Flyer Industries during 2013. The Los Angeles County Metropolitan Transit Authority is slated to add the bulk of the new CNG-powered buses. It has issued a letter of intent to award a contract worth a reported $302.9 million for 550 New Flyer buses, with an option to increase that to 900. Meanwhile, the San Diego Metropolitan Transit System is purchasing up to 165 new CNG buses from New Flyer, the 60-foot Xcelsior articulated heavy duty models. The firm order is for 47 of the buses with options for up to 118 more, according to fleet industry reports.

January 22, 2013

NGL Regional Differentials to End, Say Analysts

Regional natural gas liquids (NGL) differentials will collapse over the next two years as new NGL pipelines create excess takeaway capacity out of all major basins (except the Marcellus Shale) into Mont Belvieu, TX, according to analysts at Tudor, Pickering, Holt & Co. (TPH).

January 21, 2013

TPH Forecasts End of NGL Regional Differentials in 2013-2014

Regional natural gas liquids (NGL) differentials will collapse over the next two years as new NGL pipelines create excess takeaway capacity out of all major basins (except the Marcellus Shale) into Mont Belvieu, TX, according to analysts at Tudor, Pickering, Holt & Co. (TPH).

January 16, 2013