Operating

Devon’s Permian Success Lifts U.S. Oil Output 23%

A standout performance in the Permian Basin increased oil production 23% year/year in the first three months of this year, but it’s not the only racehorse in the stable, Devon Energy Corp.’s top executive said Wednesday. Encouraging results from the emerging Mississippian Lime, for example, may provide the “next leg of growth.”

May 3, 2013

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.

May 2, 2013

Wyoming Counties Get Low Air Pollution Grades

Two Wyoming counties have been given failing and “D” grades for their air quality in the American Lung Association’s “State of the Air 2013” report. It said that while air quality overall my be improving nationwide, that is not the case in Wyoming.

April 29, 2013
IMS Research Sees Shale Gas Driving Smart Grid Renewal

IMS Research Sees Shale Gas Driving Smart Grid Renewal

The continuing shale gas boom is having a “massive impact” on the U.S. energy market, particularly a revival for various smart grid developments, according to a report released by IMS Research, a unit of the global research/consulting firm IHS.

April 24, 2013

Industry Briefs

The Senate Energy and Natural Resources Committee has scheduled three forums on natural gas issues in May. The forums, which would be held in a roundtable format “to encourage discussion and allow flexibility to find areas of agreement,” would include input from members and a variety of stakeholders, according to committee Chairman Ron Wyden (D-OR) and ranking member Lisa Murkowski (R-AK). Topics for the forums are “Infrastructure, Transportation, Research and Innovation” (May 16), “Domestic Supply and Exports” (May 21) and “Shale Development: Best Practices and Environmental Concerns” (May 23).

April 5, 2013

Reducing the ‘Drag’ Delivers Oil, Gas Faster, Says PwC

Master integrated planning in the shale natural gas and liquids markets reduces working capital and makes the end-to-end process more consistent and predictable, according to an analysis by PwC.

April 1, 2013
Sinopec Builds Bigger Mississippian Position in JV with Chesapeake

Sinopec Builds Bigger Mississippian Position in JV with Chesapeake

China’s Sinopec International Petroleum Exploration and Production Corp. has added to its considerable leasehold in the Mississippian Lime formation after agreeing to pay Chesapeake Energy Corp. $1.02 billion in cash for half of its 850,000 net acres.

February 26, 2013

Pioneer Natural Cuts Jobs on Low NatGas Prices

Dallas-based Pioneer Natural Resources Co. is cutting jobs and scaling back operations in its Trinidad, CO, operating area, a dry natural gas play in the Raton Basin. The company said low gas prices were the culprit.

February 21, 2013

U.S. Delay Postpones Nexen-CNOOC Closing for 30 Days

Nexen Inc. and CNOOC Ltd. have pushed back by 30 days the completion of the Canadian company’s C$15.1 billion takeover by the arm of state-controlled China National Offshore Oil Co.

January 29, 2013

GreenHunter Grows South Texas Water Services Business

GreenHunter Water LLC has acquired two oilfield water service and construction companies operating in the Eagle Ford Shale of South Texas. White Top Oilfield Construction LLC and Black Water Services LLC have common management and have been serving Eagle Ford operators since 2008.

January 7, 2013