ConocoPhillips is securing thousands of acres in emerging resource plays across Canada and the United States as it readies to become a stand-alone explorer, a company executive said Wednesday.
Program
Articles from Program
Petrohawk Looks West for Liquids
Petrohawk Energy Corp. has gone west in pursuit of oil and liquids-rich gas production from the Permian Basin, adding to its established holdings in the Eagle Ford and Haynesville shales.
Industry Brief
The California Energy Commission (CEC) awarded nearly $1 million recently for a research project on the conversion of biosolids to energy. The $999,924 from CEC’s Public Interest Energy Research program was awarded to Antioch, CA-based Delta Diablo Sanitation District to develop, demonstrate and implement a system for turning biosolids into energy. The project’s total cost is $4.7 million, with the rest of the funding coming from Intellergy Corp. in Richmond, CA. Biosolids are the treated byproducts produced by wastewater treatment facilities when organics are removed from municipal sewage. Biosolids contain latent energy that potentially can be harnessed in several ways, one of which is to heat the material, breaking it down into gases that are converted to energy. In the Delta Diablo facility, steam and carbon dioxide will be added to produce a hydrogen-rich synthetic gas that will be used to run a fuel cell to produce electricity.
EXCO Withdraws Marcellus Lease Offer Near Pittsburgh
EXCO Resources Inc. has withdrawn its proposal to lease nearly 300 acres of borough-owned land for Marcellus Shale gas drilling operations in Ford City, PA, about 40 miles northeast of Pittsburgh in Armstrong County, the borough council said Tuesday.
Water Advocates Plan to Sue Over Marcellus Wastewater
A pair of water advocacy groups claim that two Pittsburgh-area treatment plants have been discharging oil and gas wastewater without proper permits.
Magnum Hunter Aims to Capitalize on Acquisitions in 2011
Despite reporting a $16.3 million net loss for 2010, Magnum Hunter Resources Corp. believes that recent and pending acquisitions could help the company more than triple production, allowing it to compete with bigger companies in three major shale plays.
ConocoPhillips Focusing More on E&P
ConocoPhillips on Friday said it plans to spend $13.5 billion for its 2011 capital program, with almost 90% set aside to support exploration and production (E&P).
Emissions Reporting for Oil, Gas to Cost $62M in First Year
The Environmental Protection Agency (EPA) this week finalized greenhouse gas (GHG) reporting requirements for the petroleum and natural gas industries as part of its mandatory reporting program.
Emissions Reporting for Oil, Gas to Cost $62M in First Year
The Environmental Protection Agency (EPA) last week finalized greenhouse gas (GHG) reporting requirements for the petroleum and natural gas industries as part of its mandatory reporting program.
Calfrac Readies for More Hydrofrac Work
Calgary-based Calfrac Well Services Ltd. said Thursday it will increase its capital spending program this year and into 2011 by C$56 million, or 25%, to accommodate the jump in hydraulic fracturing (hydrofracing) work being performed on wells in U.S. shale plays.