Pretty

ConocoPhillips has a plan to deliver 3-5% growth in both its oil and gas volumes and its margins, but don’t look for it to happen this year.

Wyoming Gov. Matt Mead is considering a pre-drilling water testing requirement for oil and natural gas operators in the state.

John Pinkerton, executive chairman of Range Resources Corp., said his company’s decision in 2010 to be the first to voluntarily disclose the contents of the chemicals it uses in hydraulic fracturing (fracking) was the right call, and one that now has received nearly unanimous industry support.

Statoil plans to boost its North American production from less than 100,000 boe/d in 2011 to more than 500,000 boe/d in 2020. In the Bakken and Three Forks shale plays of North Dakota, the company said it will get its oil to market through greatly expanded use of rail transport beginning in September.

In a bid to succeed in a part of Pennsylvania’s Marcellus Shale where two other companies have failed, officials with a midstream subsidiary of UGI Corp. will attend Tuesday night’s public hearing before the Luzerne County Planning Commission to field questions about the company’s proposal to build a natural gas pipeline and compressor station.

Federal officials have confirmed that two agencies studying the effects of hydraulic fracturing (fracking) are conducting their work in Washington County, PA, near a Marcellus Shale drilling and impoundment site that is the target of a lawsuit.

The Pennsylvania Supreme Court agreed Tuesday to hear an appeal of a property rights case and rule on whether the owner of the property in the Marcellus Shale also owns the shale gas it contains.

With natural gas prices as low as they are, one would think there is no good reason to drill for the stuff. Actually, there are several reasons to pursue gas; but they’re pretty much going away, according an analysis by Standard & Poor’s (S&P).

With natural gas prices as low as they are, one would think there is no good reason to drill for the stuff. Actually, there are several reasons to pursue gas; but they’re pretty much going away, according an analysis by Standard & Poor’s (S&P).