Position

Lighthouse Increases TMS Stake, Will Put Two Wells Into Production

Lighthouse Petroleum Inc. said Thursday it will explore for oil in the Tuscaloosa Marine Shale (TMS), disclosing that it had acquired stakes in two wells in St. Helena Parish, LA.

January 22, 2013

Dealmaking Seen Stronger in 2013

U.S. oil and gas merger and acquisition (M&A) activity will be stronger this year as companies attempt to position themselves for higher prices and increased demand, according to a nationwide survey of CFOs at 100 exploration and production companies.

January 14, 2013

People

New York Gov. Andrew Cuomo has appointed Richard L. Kauffman as “energy czar” and said he would chair a newly created cabinet position for the Energy Policy and Finance Subcommittee. In a state of the state address, Cuomo said his “ambitious agenda” includes “investments in energy infrastructure, solar power and an electric vehicle network. Kauffman would be tasked with, among other things, creating the state’s first “green bank” within the New York State Energy Research and Development Authority. The bank would offer loans and grants to further “clean” energy deployment, coordinate and leverage the state’s energy spending and alleviate financial market barriers “that currently impede the flow of private capital to renewable energy projects.” Kauffman is a senior adviser to U.S. Energy Secretary Steven Chu. He serves on the boards of the Brookings Institution and the Wildlife Conservation Society.

January 11, 2013

BDO: Expect M&A Dealmaking to Remain Strong in 2013

U.S. oil and gas merger and acquisition (M&A) activity will be stronger this year as companies attempt to position themselves for higher prices and increased demand, according to a nationwide survey of CFOs at 100 exploration and production companies.

January 10, 2013

Jackson to End Tenure as EPA Administrator Next Month

Environmental Protection Agency (EPA) Administrator Lisa Jackson said Thursday she will resign from that position after President Obama’s State of the Union speech next month, bringing to an end a sometimes tumultuous four-year tenure.

December 28, 2012

Jackson to Step Down as EPA Administrator

Environmental Protection Agency (EPA) Administrator Lisa Jackson said Thursday she will resign from that position after President Obama’s State of the Union speech next month, bringing to an end a sometimes tumultuous four-year tenure.

December 28, 2012

Industry Brief

Houston-based Sanchez Energy Corp., which has a 95,000-net acre position targeting the liquids-rich Eagle Ford Shale, Pearsall Shale, Austin Chalk and Buda Limestone, said its estimated current net production is 4,400 boe/d, of which 84% was oil. This rate represents a 159% increase over the third quarter net production exit rate of 1,700 boe/d (see Shale Daily, Oct. 30). “We continue to see strong well performance across our three focus areas as we execute on the remainder of this year’s development plan,” said CEO Tony Sanchez. “Additionally, we are testing tighter spacing in each of our positions in the Eagle Ford trend and, more specifically, one of the rigs in our Palmetto area is drilling the first of a five-well, 40-acre spacing pilot on the southern part of the Barnhart Ranch.” The company is running two rigs in the Palmetto area, one rig in the Maverick area, and two rigs in the Marquis area.

December 12, 2012

Encana ‘Cautiously Optimistic’ on Natural Gas, But Liquids Still Focus

Encana Corp. CEO Randy Eresman, whose company is one of the largest onshore producers in North America, said Wednesday the company remains “cautiously optimistic about our natural gas price recovery this year. We continue to see evidence on both the demand and supply front that supports this assertion.”

October 26, 2012

EPA’s Pavillion, WY, Water Data Needed, Says Encana

With questions lingering about whether hydraulic fracturing (fracking) and the chemicals used in the process are to blame for contaminating the water supply of some Wyoming residents, Encana Corp. has asked the U.S. Environmental Protection Agency (EPA) for “key technical data and information” about water wells re-tested near its natural gas development in Pavillion, WY, to enable the company to properly respond by an October deadline. The U.S. Geological Survey (USGS), however, issued two reports Wednesday that may fill in some of the blanks.

September 27, 2012
More Processing Capacity on Tap for Mississippian Lime Producers

More Processing Capacity on Tap for Mississippian Lime Producers

Caballo Energy LLC is building a cryogenic gas processing plant to serve expanding production in the liquids-rich Mississippian Lime and Cana Woodford Shale plays.

September 20, 2012