SM Energy Co. raised its guidance for 2011 and introduced plans for 2012 that surpass what analysts were expecting as company executives emphasized a sharpened focus on the Eagle Ford Shale in South Texas.
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California Enviros Protest Upcoming BLM Monterey Lease Sale
Three environmental groups in California have filed a formal protest against the federal Bureau of Land Management’s (BLM) plans for a September oil/gas lease sale in the Monterey play, alleging that a more thorough environmental assessment (EA) is needed and calling on BLM to zero in on the impact hydraulic fracturing (fracking) might have.
Anadarko, ExxonMobil to Jointly Develop Lucius Prospect
Anadarko Petroleum Corp., ExxonMobil Corp. and their partners have finalized a unitization agreement to jointly develop a portion of the prospective Lucius field in the deepwater Gulf of Mexico (GOM).
Devon Plants Flag in Tuscaloosa Shale
No more big unconventional plays out there, you say? Don’t tell shale pioneer Devon Energy Corp., which last week validated the prospective Tuscaloosa Marine Shale, where it has leased 250,000 net acres for $180/acre.
Devon Discloses Leasehold in Tuscaloosa Shale
Devon Energy Corp., which took the prospective Barnett Shale and turned it into one for the ages, disclosed Wednesday that it has leased 250,000 net acres in the emerging Tuscaloosa Marine Shale of southwestern Mississippi/central Louisiana for a cost of around $180/acre.
Devon Plants Flag in Emerging Tuscaloosa Shale
No more big unconventional plays out there, you say? Don’t tell shale pioneer Devon Energy Corp., which on Wednesday validated the prospective Tuscaloosa Marine Shale, where it has leased 250,000 net acres for $180/acre.
Questerre to Defer Utica Shale Projects
Questerre Energy Corp. said late Monday it is deferring two exploration projects in its primary development area, the Utica Shale in Quebec’s St. Lawrence Lowlands, and will decide whether to proceed after the provincial government’s environmental review panel issues a report on shale gas development in February.
Rural Sullivan County, PA, Braces for Marcellus Drilling
The Marcellus Shale industry and associated gas pipeline construction are a threat to the water supply, nearby roads and “aesthetic aspects” of a historic mountain resort community in rural Sullivan County, PA, according to conservation group Preservation Pennsylvania — problems that one local official says the entire rural county must prepare to face.
Pennsylvania Town Mulls EXCO Lease Proposal
The borough council of Ford City, PA, about 40 miles northeast of Pittsburgh in Armstrong County, is considering a proposal from EXCO Resources Inc. to lease nearly 300 acres of borough land for Marcellus Shale gas drilling operations.
Chief Hits Magic Mark in Marcellus
Chief Oil & Gas LLC, which in 2005 was the second largest natural gas producer in the Barnett Shale, is showing it can do the same in the Marcellus Shale, reporting that output in Pennsylvania has reached the 100 MMcfe/d mark from 42 wells.