WPX Adds San Juan Basin to Growing List of Targets

WPX Energy has achieved its second exploratory success of the year, this time from the Mancos Gallup Sandstone formation in the oil window of Northwest New Mexico’s San Juan Basin, company management said during an earnings conference call.

August 7, 2013

Marcellus Infrastructure Buildout Quickens, Says Access

The number of Marcellus Shale natural gas wells waiting on infrastructure provided by Access Midstream Partners LP has fallen by more than half since the end of 2012, CEO J. Mike Stice said Wednesday.

August 5, 2013
Marathon’s U.S. Trio: Eagle Ford, Bakken, Oklahoma

Marathon’s U.S. Trio: Eagle Ford, Bakken, Oklahoma

Marathon Oil Corp.’s $5.2 billion capital, investment and exploration budget for 2013 is about 65% targeted toward liquids-rich areas, particularly the Eagle Ford Shale of South Texas.

December 10, 2012

NuStar Bolting On Eagle Ford Crude, NGL Capacity

NuStar Energy LP is buying Eagle Ford Shale crude oil pipeline, gathering and storage, and natural gas liquids (NGL) assets for $425 million from TexStar Midstream Services LP. The deal is part of NuStar’s transition to a fee-based pipeline and storage business and away from margin-based refining and marketing.

November 9, 2012
Bakken-Fueled Continental Aiming to Triple Output, Reserves

Bakken-Fueled Continental Aiming to Triple Output, Reserves

Continental Resources Inc. has launched a growth plan to triple production and proved reserves between now and the end of 2017, largely from its leading Bakken Shale position, but also with gains from other onshore holdings, including a discovery in the southwest corner of Oklahoma.

October 10, 2012
Eagle Ford Production Booming with Focus on Oil

Eagle Ford Production Booming with Focus on Oil

Crude oil production from the Eagle Ford Shale of South Texas has overtaken gas production, which is increasing the shale’s profitability, a recent analysis of the play has found.

August 28, 2012

Continental Rockin’ the Bakken with Production, Reserves Growth

After a second quarter of strong production growth in the Bakken Shale and Anadarko Woodford, Oklahoma City-based Continental Resources Inc. said it is ahead of schedule on its five-year plan to triple production.

August 10, 2012

Industry Brief

Oklahoma City-based GMX Resources Inc. has hired Global Hunter Securities to help it sell a portion of the company’s Cotton Valley Sand liquids-rich natural gas properties in East Texas. A transaction is expected during the third quarter, GMX said. The company’s natural gas resources are in the East Texas Basin, in the Haynesville/Bossier shale and the Cotton Valley Sand Formation, where the majority of its acreage is contiguous, with infrastructure in place and substantially all held by production, GMX said. In early 2011 GMX branched out from its Haynesville/Bossier properties and acquired about 67,724 net acres within the core horizontal oil development areas of the Bakken/Sanish-Three Forks Formation in the Williston Basin and the Niobrara Formation in the Denver-Julesburg Basin (see Shale Daily, Feb. 2, 2011).

July 19, 2012

Marathon Pays $750M Cash for Eagle Ford Operator

Eagle Ford operator Paloma Partners II LLC revealed on Wednesday that it is being taken over by Marathon Oil Corp. for $750 million in cash.

May 11, 2012

Another Colorado Town Halts Oil/Gas Development

Elected officials in a third town in Colorado, Erie, on Wednesday night adopted a six-month moratorium on oil/gas development on an emergency basis, making the halt effective immediately.

March 9, 2012