Pioneer

Australia’s BHP Billiton Ltd. has offered to buy shale patch pioneer Petrohawk Energy Corp. for $12.1 billion in a deal that would more than double unit BHP Billiton Petroleum’s resource base and grow proved reserves by about 30%, it said. Petrohawk shares took flight on the news as investors also delivered uplift to a flock of the company’s peers.

Australia’s BHP Billiton Ltd. has offered to buy shale patch pioneer Petrohawk Energy Corp. for $12.1 billion in a deal that would more than double unit BHP Billiton Petroleum’s resource base and grow proved reserves by about 30%, it said. Petrohawk shares took flight on the news as investors also delivered uplift to a flock of the company’s peers.

After inaugurating natural gas production in New Brunswick, a persistent pioneer of drilling on Canada’s Atlantic seaboard says early signs of an untapped fossil fuels mother lode have been found in eastern Quebec.

After inaugurating natural gas production in New Brunswick, a persistent pioneer of drilling on Canada’s Atlantic seaboard says early signs of an untapped fossil fuels mother lode have been found in eastern Quebec.

Australia’s BHP Billiton Ltd. has offered to buy shale patch pioneer Petrohawk Energy Corp. for $12.1 billion in a deal that would more than double unit BHP Billiton Petroleum’s resource base and grow proved reserves by about 30%, it said. Petrohawk shares took flight on the news as investors also delivered uplift to a flock of the company’s peers.

No more big unconventional plays out there, you say? Don’t tell shale pioneer Devon Energy Corp., which last week validated the prospective Tuscaloosa Marine Shale, where it has leased 250,000 net acres for $180/acre.

No more big unconventional plays out there, you say? Don’t tell shale pioneer Devon Energy Corp., which on Wednesday validated the prospective Tuscaloosa Marine Shale, where it has leased 250,000 net acres for $180/acre.

Regency Energy Partners LP is expanding its South Texas facilities to meet producer demand for rich gas services in the growing Eagle Ford Shale play, the partnership said Tuesday. The projects are expected to provide 200 MMcf/d of capacity for Regency’s South Texas gathering system.

Enterprise Products Partners LP said it plans to construct a crude oil storage facility and associated pipelines to provide refiners in the Houston area with access to growing production from the Eagle Ford Shale in South Texas.