Order

Pioneer Natural Resources Co. is pursuing the divestment of its Barnett Shale properties in order to focus on more lucrative plays.

Friday morning Kinder Morgan Inc.’s Tennessee Gas Pipeline lifted a critical day 1 operational flow order (OFO) that had been in effect for balancing parties downstream of its Station 249 in zones 5 and 6 (see Daily GPI, Aug. 31).

Kinder Morgan Inc.’s Tennessee Gas Pipeline late Wednesday declared a critical day 1 operational flow order (OFO) effective 9 a.m. Thursday due to a force majeure event at its Compressor Station 249 in Carlisle, NY.

EOG Resources’ strategy of the last year to edge away from natural gas exploration and production in order to focus on the more economically viable production of crude oil appears to be paying off as the Houston-based producer posted a 38% increase in second quarter earnings over the previous year’s quarter. The company attributed much of its strong earnings to successful programs on acreage in the South Texas Eagle Ford Shale and North Dakota Bakken Shale.

EOG Resources’ strategy of the last year to edge away from natural gas exploration and production in order to focus on the more economically viable production of crude oil appears to be paying off as the Houston-based producer posted a 38% increase in second quarter earnings over the previous year’s quarter. The company attributed much of its strong earnings to successful programs on acreage in the South Texas Eagle Ford Shale and North Dakota Bakken Shale.

EOG Resources’ strategy of the last year to edge away from natural gas exploration and production in order to focus on the more economically viable production of crude oil appears to be paying off as the Houston-based producer posted a 38% increase in second quarter earnings over the previous year’s quarter. The company attributed much of its strong earnings to successful programs on acreage in the South Texas Eagle Ford Shale and North Dakota Bakken Shale.

The village council of Carrollton, OH, has voted in favor of a nondevelopmental oil and natural gas lease agreement with Rex Energy Corp. that was valued at $938,000 on Monday.

Chesapeake Energy Corp. has been downgraded again by Fitch Ratings, and on Monday two proxy services recommended against reelecting two directors at the annual meeting in June.

As of last Tuesday, certain fees paid by producers to the Railroad Commission of Texas (RRC) have increased by 150% in order to fund the Oil and Gas Regulation and Cleanup Fund, which was created by Senate Bill 1, passed by state lawmakers last year.