production

Tulsa oilman Randy Foutch, who created two Midcontinent-focused exploration and production (E&P) companies that were gobbled up by larger independents, has launched Laredo Petroleum with the backing of long-time financial partner Warburg Pincus.

Unless the price of natural gas falls sharply, New England likely will depend heavily on it as the main fuel for electricity production for the next 20 years, according to an analysis issued on Thursday by ISO New England.

Tulsa oilman Randy Foutch, who created two Midcontinent-focused exploration and production (E&P) companies that were gobbled up by larger independents, has launched Laredo Petroleum with the backing of long-time financial partner Warburg Pincus.

Dallas-based EXCO Resources Inc., which moved to the public arena in February, is joining the move by other exploration and production (E&P) companies to form a master limited partnership (MLP). EXCO’s MLP would own a “substantial” portion of mature producing oil and natural gas properties in the Appalachian, East Texas, North Louisiana, Midcontinent and Permian Basin areas.

Coalbed methane used to be a deadly threat to coal miners. In the 1950s and 1960s natural gas was routinely flared as an unwanted by-product of oil production. Gas from shales and tight sands, once spurned as too difficult to produce, is now the future for many domestic producers. And methane hydrates lie beneath the world’s oceans waiting for technology to free them while liquefied natural gas (LNG) tankers ply the waves above.

Coalbed methane used to be a deadly threat to coal miners. In the 1950s and 1960s natural gas was routinely flared as an unwanted by-product of oil production. Gas from shales and tight sands, once spurned as too difficult to produce, is now the future for many domestic producers. And natural gas hydrates lie beneath the world’s oceans waiting for technology to free them while liquefied natural gas (LNG) tankers ply the waves above.

Devon Energy Corp. announced Wednesday that its board of directors has approved a plan to form a publicly traded master limited partnership (MLP) that will own a minority interest in Devon’s U.S. onshore marketing and midstream business, including natural gas gathering and processing assets in Texas, Oklahoma, Wyoming and Montana.

It’s going to take a village to determine and implement best management practices to protect sage grouse residing in Wyoming’s resource production basins, and the stakes are high for the energy industry as well as the bird. This was the theme of discussion at Wyoming Gov. Dave Freudenthal’s Sage Grouse Summit held late last month in Casper.

It’s going to take a village to determine and implement best management practices to protect sage grouse residing in Wyoming’s resource production basins, and the stakes are high for the energy industry as well as the bird. This was the theme of discussion at Wyoming Gov. Dave Freudenthal’s Sage Grouse Summit held late last month in Casper.