The global liquefied natural gas (LNG) market advanced, slowly, on a number of fronts last week.
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Colorado Lawmakers Vote Down Restrictions on Oil, Gas Development
A number of bills aimed at tightening oversight of oil and gas development in Colorado that were opposed by the industry went down to defeat last week in the closing days of the General Assembly’s legislative session, with a few Democrats joining Senate Republicans in opposing the measures.
Gulfport Accelerating Utica Drilling This Year
Gulfport Energy Corp. expects to increase the number operated horizontal rig count in the Utica Shale to seven from the current four by the end of June, and it has budgeted $494-504 million to drill 55-60 gross (49-54 net) wells in the play this year, company officials said Wednesday.
Cheap NatGas Has States Rethinking Renewable Mandates
A number of states that have laws requiring utilities to use renewable fuels to produce a specific amount of electricity are considering scaling back their mandates — or even repealing them altogether — given the prolific supply of natural gas that has caused prices to plunge.
More to SM Energy than Eagle Ford
Around the middle of the year, SM Energy Co. management will have a clearer picture of how to allocate spending among a number of opportunities as it targets annual production growth of 15-20% over the next three years, executives said during a conference call Wednesday.
SM Energy’s Eagle Ford Matures as New Ventures Eyed
Around the middle of the year, SM Energy Co. management will have a clearer picture of how it will allocate its spending among a number of opportunities as it targets annual production growth of 15-20% over the next three years, executives said during a conference call Wednesday.
Energy & Exploration Expands Eaglebine Footprint
Energy & Exploration Partners Inc. (E&E) on Monday acquired 57,275 net acres and 11 producing wells in the East Texas Eaglebine formation from a subsidiary of Chesapeake Energy Corp.
ExxonMobil Urges Shareholders to Defeat Shale Proposals
Shareholders once again are urging ExxonMobil Corp. to report how its natural gas operations in shale formations impact the environment. The oil major once again is recommending the proposal be defeated.
Quicksilver Inks Long-Sought Barnett Deal
A unit of Tokyo Gas Co. Ltd. is buying an undivided 25% interest in the Barnett Shale assets of Quicksilver Resources Inc. for $485 million, marking a milestone for the debt-laden Fort Worth, TX-based producer, which has long sought a Barnett partner.
COGA Worried by Energy Bills in Colorado Legislature
The Colorado state legislature is weighing a number of bills related to oil and natural gas drilling that have some industry association members worried.