FirstEnergy Corp. has completed another energy infrastructure project to support Appalachian shale operations, saying this week that it has energized a $98 million transmission line in Harrison and Doddridge counties, WV.
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Oasis Lauds Completion Design Testing, Increases Wild Basin Type Curves
Williston pure-play operator Oasis Petroleum Inc. said completion design testing has yielded positive results so far, with type curves in the Wild Basin, part of the Bakken Shale, increasing to an estimated ultimate recovery (EUR) of 1.55 million boe, up from 1.2 million boe.
Energy Transfer’s Kelcy Warren Finds Trump ‘Refreshing’
Energy Transfer Partners CEO Kelcy Warren said Thursday he “just didn’t see” Donald Trump winning the race for president, but now that he has, there’s not much to complain about.
Rex Energy Made Progress in Mission to Hold Acreage During 3Q
Rex Energy Corp. continued drilling to hold its acreage with production in the third quarter, saying 61% of its Moraine East properties in Western Pennsylvania and all but one unit in the Warrior North area of Eastern Ohio should be secured by the end of the year.
Infrastructure Needs Spell Growth For MDU Resources’ Construction Unit
Now free of its oil/natural gas exploration/production (E&P) business after selling it late last year (see Daily GPI, Nov. 3, 2015), Bismarck, ND-based MDU Resources Group’s senior executives are touting the growth in the utility holding company’s substantial stake in the construction services/materials business.
National Fuel’s Seneca Resources Plans More Utica Shale Tests
National Fuel Gas Co.’s exploration and production subsidiary, Seneca Resources Corp., will prioritize additional Utica Shale appraisal drilling in an undeveloped part of Northwest Pennsylvania in its Fiscal Year (FY) 2017, which started in October, after encouraging test results there.
OPEC Sees North American Unconventionals Rising Faster Than Forecast on Improved Costs, Productivity
North America’s unconventional oil production from shale and tight formations will remain a “major source” of global supply growth until 2030, with output to 2040 rising faster than initially forecast because of lower costs and improved productivity, the Organization of the Petroleum Exporting Countries (OPEC) said Tuesday.
Comstock: Haynesville ‘More Important Than Ever,’ Writing Off TMS
Recently recapitalized, Frisco, TX-based Comstock Resources Inc. is relying more than ever on the Haynesville Shale. Its once-promising Tuscaloosa Marine Shale (TMS) acreage is a bust given lower-for-longer oil prices, and Eagle Ford Shale drilling is still paused.
Rice Energy 3Q Production Up, Volumes Expected to Climb in 2017
Rice Energy Inc. produced 747 MMcfe/d in the third quarter, up 23% from the year ago period.
NOV’s Onshore Book Propping Up Weak Offshore Orders
National Oilwell Varco Inc., which designs and manufactures upstream equipment, is seeing a dramatic shift in business away from its mainstay, the offshore, which has dominated order books for the last decade, to U.S. land, where the outlook now looks “much brighter,” CEO Clay Williams said Thursday.