Mmcf

Shale gas development in Australia will be an expensive proposition, with infrastructure costs double those in the United States, according to a 252-page report by the Australian Council of Learned Academies (ACOLA).

Warren Resources Inc. plans to drill 25 new coalbed methane (CBM) wells in the Spyglass Hill Unit in Wyoming’s Washakie Basin, a sub-basin of the Greater Green River Basin, the New York City-based exploration and production company said.

Range Resources Corp.’s management team is “convinced” that its best wells are still to come in the Marcellus Shale after some new wells punched into a previously drilled area with five years of production history were “substantially better than previous wells,” COO Ray Walker said.

Range Resources Corp. achieved a record high production volume of 876 MMcfe/d during the first quarter of 2013, driven in large part by the continuing success of its drilling program in the Marcellus Shale, the company said Thursday.

PDC Energy Inc. has signed a midstream services agreement with MarkWest Utica EMG LLC and plans to nearly double its capital expenditures (capex) in the Utica Shale for 2013 while also increasing its estimated net production.

Howard Midstream Energy Partners LLC (HEP) will construct a cryogenic natural gas plant capable of processing 200 MMcf/d in the heart of the Eagle Ford Shale in Webb County, TX, the San Antonio, TX-based company said Wednesday.

Carrizo Oil & Gas Inc. plans to spend $500 million on drilling and completions this year, with the lion’s share going to the Eagle Ford Shale in South Texas.

Noble Energy Inc. announced Thursday that it plans to spend $3.9 billion on capital expenditures (capex) in 2013, almost half of which will go toward drilling horizontal wells in the Niobrara-Denver Julesburg (DJ) Basin.

Broken Arrow, OK-based Magnolia Petroleum Plc announced successful well results in the Mississippian Lime play on Tuesday and said well costs would be recovered quickly.