Looking for ways to step on the accelerator for natural gas vehicles (NGV), Colorado and Oklahoma state officials — including the two respective governors — paid a visit to Detroit Monday to urge U.S. auto manufacturers to get behind what they are outlining as a “multi-state, bipartisan compressed natural gas (CNG) initiative” to put more vehicles on the road.
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Range Onshore Output Jumps in Second Quarter
A decision by Range Resources Corp. to sell its Barnett Shale portfolio last year to devote more resources to the Marcellus Shale appears to have paid off handsomely, with unconventional output jumping 42% in 2Q2012 from the year-ago period. Natural gas, which makes up 80% of the producer’s total output, rose 48%.
July 16, 2012
Barring Appeal, Tax Exemption Ruling Could Cost Texas $4.4B
Texas could lose an estimated $4.4 billion in revenue from oil and gas sales taxes, depending on how a district court judge tailors his ruling on exempting oil and gas companies from paying the state sales taxes on extraction equipment.
April 18, 2012
Moody’s: Liquids Lifting Small E&Ps, Midstream Players
Focusing on oil and natural gas liquids (NGL) has paid off for small exploration and production (E&P) companies, which are expected to gain from rapid production and reserve growth, according to Moody’s Investors Service.
April 9, 2012
Moody’s: E&P Small Fry Getting Bump from Shales
Focusing on oil and natural gas liquids (NGL) has paid off for small exploration and production (E&P) companies, according to Moody’s Investors Service, as they are expected to gain from rapid production and reserve growth.
April 4, 2012
Boardwalk Subsidiary Increases Interest in Mississippi Storage Facilities
A Boardwalk Pipeline Partners LP (BPP) subsidiary has paid approximately $285 million to Boardwalk Pipelines Holding Corp. (BPHC) for the remaining 80% equity interest in Boardwalk HP Storage Co., the Houston-based partnership said Monday.
February 28, 2012
After ‘Difficult’ 2011, Hess Embracing Unconventionals in 2012
Hess Corp.’s total crude oil and natural gas production fell in 2011 and it suffered a net loss in the fourth quarter, but company officials said Wednesday they are confident this year will be better as the company commits to developing its growing North American unconventional portfolio.
January 27, 2012
Corbett’s Proposed Pennsylvania Shale Policy Gets Shrug
Pennsylvania Gov. Tom Corbett is getting a lukewarm reception for his proposed changes to state shale policy, which largely mimic the recommendations his Marcellus Shale Advisory Commission made three months ago (see Shale Daily, Oct. 4).
October 5, 2011
As Ohio Shale Plays Heat Up, Landowner Groups Cash In
When Rex Energy Corp. announced in August that it acquired the rights to lease about 11,000 net acres in Carroll County, OH, for $40 million, the company said it was doing so to develop a prospect in the Utica Shale play and expand its acreage position there.
September 12, 2011
ConocoPhillips Adds Prospective Acreage to North American Portfolio
ConocoPhillips is securing thousands of acres in emerging resource plays across Canada and the United States as it readies to become a stand-alone explorer, a company executive said Wednesday.
July 28, 2011
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