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Consol JV Cracks Upper Devonian Code

Consol Energy has drilled its first Upper Devonian Shale well, in Greene County, PA, with results that bode well for the 300,000 acres it controls with commercial Upper Devonian potential.

July 29, 2013

Antitrust Investigation Targets Biggest U.S. Pressure Pumpers

Baker Hughes Inc. and Halliburton Co. said last week they have received civil investigation demands (CID) from the Department of Justice (DOJ) to provide documents and information on their pressure pumping businesses.

July 29, 2013

Louisiana Lawsuit Targets Pipelines for Coastal Damage

A lawsuit filed last week against pipeline companies in Louisiana by the Southeast Louisiana Flood Protection Authority-East (SLFPA-E) is an example of a state agency and its lawyers looking for a big payout, the head of the Louisiana Oil and Gas Association (LOGA) told NGI Wednesday. A lawyer for the plaintiff, however, said his client only wants the pipelines to do their share of the work in restoring protections for the state’s coast.

July 29, 2013

Encana Reverses Losses, Plans Revamped Onshore Strategy

With solid second quarter results in the books, Encana Corp. is taking a look at its entire North American portfolio and has begun putting a “new emphasis on our portfolio of emerging liquids plays,” newly installed CEO Doug Suttles told investors last week.

July 29, 2013

George P. Mitchell: A Quintessential American Story

George Phydias Mitchell, 94, who is credited with pioneering unconventional drilling techniques that have opened up North America’s natural gas and oil potential, died Friday at his home in Galveston, TX.

July 29, 2013

Canada LNG Exports No Problem, Says Former NEB Chair

Competition from U.S. exporters in Ontario and Quebec has a silver lining for sponsors of liquefied natural gas (LNG) projects on the Pacific Coast of British Columbia (BC).

July 29, 2013

BOP May Have Ignited Offshore Gas Well

Federal regulators, working with Walter Oil & Gas Corp., said Friday they were continuing to oversee and coordinate response efforts to secure the producer’s South Timbalier Block 220 natural gas well in the shallow Gulf of Mexico (GOM), which blew out last Tuesday and ignited a fire later that night.

July 29, 2013

ERCOT Preparing for More Gas-Fired Power

Last year, natural gas-fueled plants accounted for 57% of the generating capacity in the Electric Reliability Council of Texas (ERCOT) and more than 44% of energy use. As the reliance on gas-fired power grows, ERCOT is working with other organizations to protect against and prepare for a large-scale system-wide blackout.

July 29, 2013

Goodrich Growing TMS, Cutting Costs

Goodrich Petroleum Corp. is buying a 66.7% working interest in producing assets and about 277,000 gross acres in the Tuscaloosa Marine Shale (TMS) for $26.7 million as it continues to build scale in the play and improve its drilling performance.

July 29, 2013

Gas Storage Capacity Grew by 2%, EIA Says

The capacity of underground natural gas storage facilities increased by about 2% from November 2011 to November 2012, the Energy Information Administration (EIA) said in a new report. The increase was seen in both demonstrated maximum and design capacities.

July 29, 2013
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