Encana Corp. agreed Tuesday to sell Birchcliff Energy Ltd. its Gordondale properties in the Montney formation for $488 million (C$625 million).
Articles from Play
Continental Resources Inc. (CLR) had prospectors beating a path to Oklahoma following strong well results two years ago in the South Central Oklahoma Oil Province, which it dubbed the SCOOP. Initial well results from a stealth discovery that it disclosed Thursday in the heart of the SCOOP, the Springer Shale, may draw even more.
An ancient geologic play is drawing new prospectors saddled with state-of-the-art technology into the Anadarko Basin of Oklahoma, where an Aubrey McClendon affiliate this week nabbed about 120,000 net acres and 6,000 net boe/d in a combination stacked play of the Woodford Shale/Mississippian Lime.
While acknowledging that rail shipments are a vital part of the burgeoning Bakken Shale play, North Dakota energy officials on Monday refused to speculate on the eventual impact of the oil rail car derailment and fire in Quebec, Canada, on their state’s soaring production (see Shale Daily, July 16).
Driven by the Bakken Shale play, North Dakota’s oil and natural gas production continued to soar in May, but well completion rates were slowing amid a continued boom for drilling new wells, according to the latest monthly report from the state’s Department of Mineral Resources (DMR).
Maryland’s Department of Environment (MDE) and Department of Natural Resources have released a draft report describing best practices for drilling and production that should be required if horizontal drilling and hydraulic fracturing of natural gas wells is permitted in the state’s portion of the Marcellus Shale, which is confined to its two westernmost counties.
A report developed by the Eagle Ford Shale Task Force released Tuesday outlines the history and facts of the booming South Texas oil and gas play in 155 pages. The report addresses topics such as workforce development, infrastructure (pipelines, roads and housing), regulations, water quality, economic benefits, flaring and air emissions, as well as issues affecting landowners, mineral owners and royalty owners. The task force was formed by Railroad Commission of Texas Commissioner David Porter in 2011 (see Shale Daily, July 29, 2011). “In 2011, the Eagle Ford Shale supported almost 50,000 full-time jobs in 20 counties and contributed over $25 billion dollars to the South Texas economy,” the report said. “From 2011 to 2013, daily hydrocarbon liquid production, including natural gas liquids, increased from 100,000 to 700,000 b/d. These developments have made South Texas one of the most prominent energy-producing regions in the United States.”