Pursue

Halcon’s Utica Test Wells Disappoint Analysts; EVEP Charges On

After disconcerting Utica Shale production figures were released earlier this month by Ohio regulators, industry analysts said they were disappointed with the results of the first two test wells Halcon Resources Corp. drilled in the play, and EV Energy Partners (EVEP) said it is continuing to look for buyers interested in its holdings there.

May 28, 2013
Appalachia a Star in Record Resource Assessment

Appalachia a Star in Record Resource Assessment

The United States has 2,384 Tcf of technically recoverable natural gas, the Potential Gas Committee (PGC) and the American Gas Association (AGA) said Tuesday. That’s more reserves than the PGC has calculated in its 48-year history and beats the previous high seen in 2010 by 486 Tcf.

April 10, 2013

D&L Calls Ohio’s Shutdown Order ‘Gross Violation of Due Process’

An attorney representing D&L Energy Inc. says the company will vigorously pursue its appeal before the Ohio Oil and Gas Commission, calling the Ohio Department of Natural Resources’ (ODNR) decision to shut down the company “a gross violation of due process.”

March 26, 2013
Hedge Fund Forces Power Shift at SandRidge

Hedge Fund Forces Power Shift at SandRidge

After months of haggling, hedge fund TPG-Axon Capital, which owns 7.3% of outstanding SandRidge Energy Inc. shares, has gained at least a portion of the changes it had urged at the Oklahoma City-based company, and it stands poised to remove CEO Tom Ward or take control of the board of directors.

March 22, 2013

Hearing Scheduled for D&L Energy Shutdown Appeal

The Ohio Oil and Gas Commission has scheduled a hearing for D&L Energy Inc.’s motion for stay of the Ohio Department of Natural Resources’ (ODNR) decision to shut the company down after oilfield waste was dumped illegally in late January.

March 15, 2013

Industry Brief

Iroquois Gas Transmission System said it will pursue development of the Wright Interconnect Project (WIP), an expansion of its existing compression and metering facilities in Wright, NY. Last week Constitution Pipeline Co. said that a finalized route it will propose for a Marcellus pipeline included an agreement with Iroquois to expand the compressor station, which would eliminate the need for Constitution to build a 32,0000-hp compressor facility in Schoharie County, NY (see Shale Daily, Jan. 22). The WIP project will enable delivery of up to 650,000 Dth/d of natural gas from the terminus of the proposed Constitution Pipeline in Schoharie County into both Iroquois and the Tennessee Gas Pipeline under a 15 year capacity lease agreement with Constitution, Iroquois said. WIP is targeted for an in-service date of March 2015 to coincide with the startup of the Constitution Pipeline.

January 23, 2013

South Dakota Lawmakers to Pursue Slate of Drilling Bills

An interim study committee in the South Dakota state legislature has agreed to pursue as many as eight different bills this year covering oil and natural drilling, including one aimed at hydraulic fracturing (fracking).

January 8, 2013

South Dakota Lawmakers to Pursue Slate of Drilling Bills

An interim study committee in the South Dakota state legislature has agreed to pursue as many as eight different bills this year covering oil and natural drilling, including one aimed at hydraulic fracturing (fracking).

January 8, 2013

People

Marathon Oil Corp. COO David E. Roberts Jr. resigned effective Friday (Dec. 14) to “pursue other interests,” according to the company. Since joining the Houston-based producer in 2006, Roberts had been considered an important contributor to the upstream business. He was named senior vice president for business development and was promoted in 2008 to executive vice president of upstream, overseeing upstream and production. Roberts became COO when the company spun off its refining operations last year to become a pure-play explorer and was said to be on the short list to succeed CEO Clarence Calazot, 62. The company declined to offer further details.

December 17, 2012

People

Marathon Oil Corp. COO David E. Roberts Jr. has resigned effective Friday (Dec. 14) to “pursue other interests,” according to the company. Since joining the Houston-based producer in 2006, Roberts had been considered an important contributor to the upstream business. He was named senior vice president for business development and was promoted in 2008 to executive vice president of upstream, overseeing upstream and production. Roberts became COO when the company spun off its refining operations last year to become a pure-play explorer (see Daily GPI, July 1, 2011). He was said to be on the short list to succeed CEO Clarence Calazot, 62. The company declined to offer further details.

December 11, 2012
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