SandRidge Energy Inc. on Wednesday agreed to sell its Permian Basin portfolio for $2.6 billion in cash to privately held Sheridan Production Partners II, a sale that has been anticipated since early November.
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Industry Briefs
As part of its ongoing effort to address coordination in the natural gas and power industries, Federal Energy Regulatory Commission (FERC) staff said it will hold a technical conference on Feb. 13 at the agency’s headquarters in Washington, DC, to focus on information-sharing and communications issues between natural gas and electric power industry companies. The technical conference is the first of two conferences that FERC directed staff in mid-November (see Daily GPI, Nov. 19) to convene to address common issues that were raised in nearly every region in August (see Daily GPI, Aug. 31; Aug. 29; Aug. 21; Aug. 24). In advance of the conference, parties are asked to file comments on specific questions related to information-sharing and communications (www.ferc.gov/EventCalendar/Files/20121207134434-AD12-12-000TC1.pdf). The conference is scheduled to begin at 9 a.m. and end at 4 p.m. EST.
Colorado Stakeholders Support Groundwater Test Solution
Colorado stakeholders in an ongoing voluntary water testing program related to oil and natural gas extraction activity support a statewide mandatory program, they said earlier this month, two days after the state government held its first public hearing on a proposed baseline groundwater monitoring program.
Talisman Slashes Capex 25% on Weak Natural Gas Prices
Talisman Energy Inc.’s North American production from ongoing operations experienced a healthy increase in 3Q2012, but weak natural gas prices have the company and its new CEO, Hal N. Kvisle, trimming capital expenses (capex) as part of a plan to run a more streamlined operation in 2013.
Talisman Slashes Capex 25% on Weak Natural Gas Prices
Talisman Energy Inc.’s North American production from ongoing operations experienced a healthy increase in 3Q2012, but weak natural gas prices have the company and its new CEO, Hal N. Kvisle, trimming capital expenses (capex) as part of a plan to run a more streamlined operation in 2013.
Weak Natural Gas Prices Prompt 25% Capex Cut at Talisman
Talisman Energy Inc.’s North American production from ongoing operations experienced a healthy increase in 3Q2012, but weak natural gas prices have the company and its new CEO, Hal N. Kvisle, trimming capital expenses (capex) as part of a plan to run a more streamlined operation in 2013.
New RFF Maps Detail States’ Shale Gas Regulations
Resources for the Future (RFF) has released an update of its ongoing project to compare regulations in 31 states with current or near-future shale gas development. The latest series of maps shows more than 27 different elements of regulation nationwide.
Debate Over EPA Wyoming Tests Boils Over
Finger pointing has begun among the federal, state and industry stakeholders in the ongoing effort to determine whether natural gas drilling in and around Pavillion, WY, has impacted ground water supplies.
Wyoming Governor, Industry Question Pavillion Reports
Finger pointing has begun among the federal, state and industry stakeholders in the ongoing effort to determine whether natural gas drilling, and specifically hydraulic fracturing (fracking), near Pavillion, WY, has contaminated groundwater.
Seneca Resources Completes Wells in Marcellus and Utica
Seneca Resources Corp. is proceeding with drilling operations in the Marcellus and Utica shales, and has established positions in oil fields in Kansas and California, the National Fuel Gas Co. (NFG) subsidiary said Thursday.