San Diego-based Royale Energy Inc., a small independent with some big plans for Alaska’s North Slope shale plays (see Shale Daily, Jan. 18, 2012), is launching a drilling program in the Sacramento Basin dry natural gas fields, following a successful well in Tehama County, 130 miles north of the state capital.
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North Dakota Expects More Action on Methane Emissions
In tandem with natural gas flaring, methane emissions promise to be a growing issue for North Dakota state officials and the oil and gas industry, the head of the state environmental health section in the Department of Health (DOH) told NGI’sShale Daily on Monday.
U.S. Investors Seek LNG Export License for Quebec Terminal
The lineup to launch Canadian liquefied natural gas (LNG) exports spread Monday to Quebec, where a new Montreal firm created by U.S. investors is setting out to build a terminal and pipeline by 2021.
Continental Sees ‘Repeatability’ in Springer Wells
Continental Resources Inc.’s emerging Springer Shale in the South Central Oklahoma Oil Province (SCOOP) is indicating continuing success, if recovery rates from four new wells are any indication.
Industry Briefs
Cabot Oil & Gas Corp. plans to move its north region headquarters next year from Pittsburgh, PA, to North Fayette, PA, farther from the city’s downtown, which is home to other regional exploration and production companies, in favor of a larger space for its growing staff. Cabot first brought more staff to Pittsburgh in 2009. Since then, its office has grown from about 30 employees to nearly 90, according to a company spokesman. Cabot’s new location is about 16 miles from downtown Pittsburgh, but its new building is roughly 16,000 square-feet bigger. Cabot, which has its corporate headquarters in Houston, continues to increase production in Pennsylvania’s Marcellus Shale, where it’s the state’s second-largest producer, with more than 1 Bcf/d in annual production (see Shale Daily,Aug. 19).
Antero Resources Sets Terms for MLP IPO
Appalachian heavyweight Antero Resources Corp. on Monday announced the terms of its midstream master limited partnership (MLP), revealing that it would offer investors and underwriters more than 43 million units, which would earn it nearly $1 billion at the high end of its $19-21 offering.
Northern Border Seeks Interest in Bakken Lateral in North Dakota
Northern Border Pipeline Co. is testing the shipper interest in a proposed 16-inch diameter, 295 MMcf/d capacity pipeline lateral from the newly expanded Hess Corp. Tioga natural gas processing plant in northwest North Dakota. It is conducting an open season through Nov. 26.
Continental, South Korea’s SK to Drill for Natural Gas in Cana-Woodford
Midcontinent oil operator Continental Resources Inc. has worked out a joint development agreement (JDA) with a subsidiary of South Korea’s SK Group — its first in the United States — to drill for natural gas in the legacy Cana-Woodford Shale holdings in Western Oklahoma.
Oneok Partners Buying Permian Basin-Focused NGL Pipelines
Oneok Partners LP is buying Texas natural gas liquids (NGL) pipelines and related assets from affiliates of Chevron Corp. for $800 million.
U.S. Shale Oil Output Needs to Slow for Prices to Recover, Says Goldman
Global oil prices will need to decline over the coming year for U.S. shale oil production to slow down, Goldman Sachs analysts said Monday in cutting forecasts for West Texas Intermediate (WTI) and Brent prices through 2015.