Representatives from a unit of BP plc began signing agreements with landowners in Trumbull County, OH, as the company readies to begin exploring its Utica/Point Pleasant Shale leasehold in 2013. In March BP completed an agreement with the Associated Landowners of the Ohio Valley to lease close to 84,000 acres in an unexplored area of the county, which is in the northeastern part of the state (see Shale Daily, March 28). With the agreements now in place, BP is executing individual terms with landowners, which may take up to six months. BP’s Ohio shale purchase moved it into ninth place among Utica/Point Pleasant leaseholders, according to data compiled from company reports by NGI’s Shale Daily. The top leaseholder is Chesapeake Energy Corp., which has an estimated 1.2 million net acres, followed by EnerVest and EV Energy Partners, which together lease an estimated 760,000 net acres. Chevron Corp. follows with 600,000 net acres.
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ConocoPhillips Adds Prospective Acreage to North American Portfolio
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.
Mexico Takes Up Reform of Pemex — One More Time
It’s deja vu all over again in Mexico as the legislature readies to debate whether to reform the country’s national oil company.
Mexico Takes Up Reform of Pemex — One More Time
It’s deja vu all over again in Mexico as the legislature readies to debate whether to reform the country’s national oil company.
Exec Says Kerr-McGee’s Sales Set Stage for Deepwater, Overseas Growth
As it readies itself to become a pure-play exploration and production (E&P) company, Kerr-McGee Corp. has begun due diligence to possibly sell its chemicals unit, while at the same time it is preparing an initial public offering that should be ready by mid-June, according to Dave Hager, senior vice president of E&P.
Exec Says Kerr-McGee’s Sales Set Stage for Deepwater, Overseas Growth
As it readies itself to become a pure-play exploration and production (E&P) company, Kerr-McGee Corp. has begun due diligence to possibly sell its chemicals unit, while at the same time it is preparing an initial public offering that should be ready by mid-June, according to Dave Hager, senior vice president of E&P.
PA PUC Readies Constituents for Winter Gas Bills
As concern grows about the potential for high winter natural gas prices, the five commissioners of the Pennsylvania Public Utility Commission (PUC) said they will preside over a public hearing on the issue on Sept. 18. The hearing will review current gas prices, discuss the forecasted supply and demand, outline programs to help consumers and increase consumer awareness related to gas prices for this winter.
WY Regulators’ Revamp of Discharge Rules Readies for Public Hearings
With thousands of coalbed methane (CBM) wells covering the Powder River Basin in Wyoming and hundreds of drilling permits still to be reviewed, the Wyoming Department of Environmental Quality (DEQ) has been working overtime and short staffed to review the huge backlog of permits, and contend with complex out-of-date regulations at the same time.
EnergyClear Readies for OTC Services
Houston-based EnergyClear Operations Co. (EOC) late Friday announced an agreement to provide over-the-counter (OTC) clearing services for its corporation. Earlier, EnergyClear Corp. launched a member-owned clearinghouse.
Kinder Morgan Readies More Pipe, Terminal Expansions
Kinder Morgan Inc. CEO Richard Kinder said last week that the company is “gearing up” to complete two pipeline expansions and is on track to begin an expansion of several of its liquids terminals facilities. The CEO said the NGPL pipeline expansion in St. Louis, as well as a North Texas intrastate line running to Dallas to serve power plants, are “both proceeding on schedule and on budget.” The St. Louis expansion will be completed this summer, and the NGPL pipe will be ready in early 2003, and other “opportunities” related to the constrained U.S. energy infrastructure, continue to surface, he said.
