Magnum Hunter Resources Corp. continued to focus on divesting non-core assets in the first quarter, as it looks to shore-up its liquidity and narrow its focus on two core areas in the Appalachian and Williston Basins that continue to slowly drive production gains.
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Halcon Reports Progress in TMS, Improved Drilling in Williston
Halcon Resources Corp. reported forward progress in the Tuscaloosa Marine Shale (TMS) during the first quarter, while making drilling improvements in the Williston Basin and derisking its holdings in a portion of the Eagle Ford Shale in East Texas.
Another LNG Export Terminal Planned for Louisiana
A unit of Southern California Telephone & Energy (SCT&E) has acquired land on the Calcasieu Ship Channel in Louisiana for development of a $2.4 billion liquefied natural gas (LNG) liquefaction and export terminal. The project joins about a dozen others in the Pelican State to export liquefied domestic natural gas.
Barnett Shale Town Denton, TX, Enacts Drilling Moratorium
The city council of Denton, TX, has put the brakes on drilling within the Barnett Shale town, at least until Sept. 9, while city staff and council reconsider drilling rules in light of numerous citizen complaints about drilling and hydraulic fracturing (fracking) activity harming their health and quality of life. No new drilling permits are to be issued while the ordinance is in effect.
JV Planning World-Scale Ammonia Plant in Texas
A unit of Germany’s BASF and Norway-based Yara plan to construct a world-scale ammonia plant at BASF’s existing site in Freeport, TX, the companies said.
Colorado Methane Emissions Higher Than Thought, New Report Says
Colorado methane and other more deadly emissions from oil and natural gas operations are much higher than previously recorded in earlier studies, according to a report released by scientists with the National Oceanic and Atmospheric Administration (NOAA) and the Cooperative Institute for Research in Environmental Sciences (CIRES) at the University of Colorado, Boulder.
FERC Approves Transco’s Rockaway and Northeast Projects
FERC has given regulatory approval to a pair of pipeline projects designed to supply two boroughs of New York City with additional natural gas, just in time for the 2014-2015 winter season.
UEO Will Expand Processing Capacity as Utica Volumes Increase
Roughly one year after its first cryogenic and fractionation plants came online, the sprawling Utica East Ohio (UEO) midstream complex, with facilities that stretch from Columbiana to Harrison counties, OH, said Monday that it would respond to producer demand and increase its processing capacity from 800 MMcf/d to more than 1 Bcf/d.
Beverly Hills’ Tony Zip Code Not Ready for Fracking
There will be no hydraulic fracturing (fracking) in Beverly Hills 90210, or anywhere else in the famed Los Angeles suburb, after the city council on Tuesday passed a ban on the practice.
Gastar Preparing to Test New Formations in 2014
Gastar Exploration Inc. said it has nearly finished drilling its first wells targeting the Utica Shale in West Virginia and the Hunton Limestone in Oklahoma, and plans to drill two test wells into the Woodford Shale and the Meramec Mississippian formation in Oklahoma later in the year.