production

Robust gas production and storage numbers, coupled with low prices, create a “volatile and tricky” gas market, analyst says. read more

Wyoming Gov. Dave Freudenthal Wednesday said he was encouraged by the deal that Plains Exploration & Production (PXP) reached with two interest groups to retire nearly half of the independent producer’s gas drilling lease acreage in the Wyoming Range.

America’s Natural Gas Alliance (ANGA), the Independent Petroleum Association of America and the American Exploration & Production Council said Thursday they support a recently announced effort to disseminate information on chemicals used in hydraulic fracturing (fracking).

U.S. exploration and production (E&P) companies continue to find themselves “sandwiched in a vise of rising costs and low gas prices” that may take time to play out, an energy analyst said Tuesday.

U.S. exploration and production (E&P) companies continue to find themselves “sandwiched in a vise of rising costs and low gas prices” that may take time to play out, an energy analyst said Tuesday.

DCP Midstream LLC s holding a nonbinding open season through Dec. 9 for the proposed DCP Sandhills Pipeline. The natural gas liquids (NGL) pipeline would run more than 700 miles from West Texas to fractionation and storage facilities along the Texas Gulf Coast including those at Mont Belvieu, TX.

The controversy over hydraulic fracturing (fracking) in the production of shale gas was a key issue in a congressional race in upstate New York. Rep. Maurice Hinchey (D-NY), a vocal critic of fracking who is seeking his 10th two-year term, was leading George Phillips, a Republican from Broome County, NY, who supports shale development and state regulation of fracking, by 90,412 to 82,292, or 52.4% to 47.5% on election night, but Phillips refused to concede as of Friday, the Daily Freeman reported. Phillips said he was awaiting the outcome of 12,600 absentee votes that remain to be counted. Fracking was an issue in House races in Pennsylvania and in Texas, but the race in New York was “the most contentious one,” said Phillips spokesman Jazz Shaw. Fracking, which is used to stimulate many shale wells, is a process in which fluids are injected at high pressure into underground rock formations to fracture the rock and increase the flow of fossil fuels. “The public made [fracking] an issue” in the congressional race, Shaw said.

Oil and natural gas producers and environmental groups routinely have been at odds with each other over the practice of hydraulic fracturing (fracking), but they are now working together to draft a framework for regulation.

RPM Energy LLC and Kohlberg Kravis Roberts & Co. (KKR) have formed RPM Energy Partners LP to target joint venture opportunities with exploration and production companies in unconventional plays. They offer RPM’s expertise and KKR’s deep pockets.