Chesapeake Energy Corp. has reached its debt reduction goal, built an internal oilfield services unit to counter cost inflation and grew first quarter production 20% as it increasingly emphasized higher-value oil and natural gas liquids (NGL), CEO Aubrey McClendon enthused during an earnings conference call Tuesday. But Wall Street was not impressed.
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NW Natural Reaches All-Parties Deal on Encana Reserves
Portland, OR-based NW Natural announced late Tuesday that it has reached an all-parties settlement on a previously announced joint venture to develop natural gas reserves with a U.S. subsidiary of Canadian-based Encana Corp. (see Daily GPI, Feb. 28). The settlement must be approved by the Oregon Public Utility Commission (PUC), and the parties are seeking an OK by May 1.
April 21, 2011
North American Shale Still Hot Prospect, Says Consultant
Global merger and acquisition (M&A) deals in the exploration and production (E&P) sector reached $45 billion in the first three months of the year, with close to half of the transactions in North America’s shales, Evaluate Energy said Tuesday.
April 11, 2011
Global E&P Deals Climbing in Value, Says Consultant
Global merger and acquisition (M&A) deals in the exploration and production (E&P) sector reached $45 billion in the first three months of the year, with close to half of the transactions in North America’s shales, Evaluate Energy said Tuesday.
April 6, 2011
Constellation Energy Signs Major Gas Deal with Toyota
Constellation Energy, parent of Baltimore Gas and Electric Co., Monday said it had reached an agreement with Toyota Motor Engineering & Manufacturing, North America Inc. to provide an array of integrated natural gas services and energy market analyses to Toyota facilities in the United States, Canada and Mexico.
April 6, 2011
Ottawa, Quebec Reach Gulf of St. Lawrence Agreement
The provincial government of Quebec and the Canadian government reached an accord on offshore oil and gas resources on Thursday, creating a joint Quebec-Ottawa oversight board and granting the province all revenues from development in its territorial waters of the Gulf of St. Lawrence.
March 28, 2011
Quebec, Ottawa Reach Gulf of St. Lawrence Accord
The provincial government of Quebec and the Canadian government reached an accord on offshore oil and gas resources Thursday, creating a joint Quebec-Ottawa oversight board and granting the province all revenues from development in its territorial waters of the Gulf of St. Lawrence.
March 25, 2011
Texas Town, Residents Suing Over Barnett Midstream Emissions
The town of DISH, TX, and some of its residents are suing several midstream energy companies, claiming that noise and pollution from nearby natural gas compression and related facilities have eroded property values and hindered economic development in the town of about 200 residents, which is named after a satellite television service provider.
March 7, 2011
Range Increases Unproved Resource Potential in Shale Plays
Range Resources Corp. said its estimated unproved resource potential at the end of 2010 reached 35-52 Tcfe, versus 2009’s estimate of 24-32 Tcfe, which was fueled by stronger drilling results. By itself, the resource potential in the Marcellus Shale leasehold jumped to 20-31 Tcfe on higher per/well reserves.
February 11, 2011
Texas Regulators, Industry Question EPA Diesel Fuel Fracking Rules
Language included in the Energy Policy Act of 2005 (EPACT) relating to the use of diesel fuel in hydraulic fracturing (fracking) “is extremely unclear and is open to interpretation,” making it unclear if the use of diesel fuel in fracking operations would be a violation of the Safe Drinking Water Act (SDWA), according to a Railroad Commission of Texas (RRC) spokesman.
February 4, 2011
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