Months

Penn Virginia Grows Proved Oil, NGL Reserves

Six months after selling its Appalachian Basin portfolio to focus on the oily Eagle Ford Shale, Penn Virginia Corp. (PVA) said its operations in the latter were moving forward while proved reserves of oil and natural gas liquids (NGL) had increased during 2012.

January 31, 2013

Industry Brief

California’s natural gas power generation bill may be higher than normal in the first months of 2013 as the 2,200 MW San Onofre Nuclear Generating Station was shuttered. Nuclear Regulatory Commission (NRC) Chair Allison Macfarland this week was at the plant for an update but hasn’t indicated when at least one of the two units would restart. Majority owner/operator Southern California Edison Co. has asked the NRC to allow at least Unit 2 to come back to 70% of capacity.

January 17, 2013

Shell Given Six Month Extension to Make Ethane Cracker Decision

A subsidiary of Royal Dutch Shell plc has been given another six months to decide whether to purchase property in western Pennsylvania for a proposed “world scale” ethane cracker in the heart of the Marcellus Shale.

December 28, 2012

BNP Analyst: Longs to the Back of the Curve

A well supplied market with limited prospects for demand growth in the months ahead will weigh on natural gas prices, according to BNP Paribas’ Teri Viswanath, senior natural gas strategist.

December 17, 2012

BNP: Sticky Supply, Demand Risks Weigh on Prices

A well supplied market with limited prospects for demand growth in the months ahead will weigh on natural gas prices, according to BNP Paribas’ Teri Viswanath, senior natural gas strategist.

December 17, 2012
Oil Shale Development Requires Billions of Gallons of Water, Sportsmen Say

Oil Shale Development Requires Billions of Gallons of Water, Sportsmen Say

An environmental group focused on recreation says industrial-scale development of oil shale is harmful to rivers and could require billions gallons of water annually, significantly more than what would be needed for hydraulic fracturing (fracking).

November 28, 2012

Halcon Sees Output More Than Doubling in 2013

Upstart onshore operator Halcon Resources Corp. expects to produce 17,000-20,000 boe/d in the final three months of this year and should produce 40,000-45,000 boe/d in 2013, management said Thursday.

November 9, 2012

New York Town Extends Fracking Moratorium

The Town Board of Onondaga, NY, voted Monday to extend its moratorium on hydraulic fracturing (fracking) for three months, or until the board passes an ordinance either allowing or prohibiting the practice.

November 8, 2012

U.S. Natural Gas Prices May Spike to ‘Near $5’ in Early 2013

Raymond James & Associates Inc. on Monday raised its 4Q2012 natural gas price assumptions by 75 cents and lifted the 2013 forecast by 50 cents, predicting 1Q2013 price “spikes to near $5.00/Mcf.”

October 30, 2012
Warren’s Atlantic Rim Acquisition Adds 18.3 Bcf of Proved Reserves

Warren’s Atlantic Rim Acquisition Adds 18.3 Bcf of Proved Reserves

Warren Resources Inc. Monday said it closed on its previously announced deal to acquire additional natural gas and midstream assets from subsidiaries of Anadarko Petroleum Corp. in the Atlantic Rim Project area in Wyoming’s Washakie Basin.

October 16, 2012