Reported

Boosted by its growing U.S. onshore business, Anadarko Petroleum Corp. reversed year-ago losses in the second quarter and reported production gains in most of its domestic plays.

NGI’s Shale Daily reported that lawmakers in Pennsylvania had passed a bill that the state chapter of the National Association of Royalty Owners (NARO) opposes because it would allow forced pooling, and that it was unclear if Gov. Tom Corbett, a foe of forced pooling, would sign it (see Shale Daily, July 5). Patrick Henderson, Corbett’s energy adviser, told NGI’s Shale Daily the administration still opposes forced pooling, but doesn’t believe SB 259 would allow the practice. “Nothing in SB 259 requires someone to lease their land; changes the terms of a lease; or reduces the royalties paid to landowners,” Henderson said. “SB 259 is not forced pooling and has no relation to forced pooling.” The governor, he said, has until Wednesday (July 10) to decide whether to sign the bill.

IntercontinentalExchange (ICE) reported Monday that it is one step closer to completing its $8.2 billion acquisition of the New York Stock Exchange (NYSE) following “unconditional approval” from the European Commission. The deal is still subject to final approval from the Euronext College of Regulators, the U.S. Securities and Exchange Commission and other national financial regulators.

Privately held Antero Resources Corp., which has all of its chips in the Appalachian Basin, plans to raise $1 billion through an initial public offering (IPO) of some of its stock on the New York Stock Exchange, it said in a filing with the Securities and Exchange Commission (SEC). The operator also has increased capital spending plans for the year.

In the article “Consol-Noble JV to Build Marcellus Dry Gas Pipeline” (see Shale Daily, May 29), it was incorrectly reported that a 24-inch diameter dry natural gas pipeline in West Virginia would be completed in six to nine months. The joint venture plans to begin construction of the pipeline in six to nine months, and the time to build and complete the pipeline would be an additional six to nine months. NGI’s Shale Daily regrets the error.

The U.S. Energy Information Administration (EIA) reported Thursday that coal has regained some of the market share for power generation it had lost to natural gas.

Apache Corp., which now claims to be the second biggest North American onshore operator, reported a 45% increase in total liquids output year/year in the United States and Canada, driven by a revamped drilling program in the legacy Permian and Anadarko basins.

While natural gas prices have recovered to nearly $4/MMBtu, the National Energy Board (NEB) reported Thursday that Canadian natural gas producers are undertaking minimal natural gas drilling activity, as current prices do not cover the full costs of developing most natural gas prospects.

Apache Corp., which now claims to be the second biggest North American onshore operator, reported a 45% increase in total liquids output year/year in the United States and Canada, driven by a revamped drilling program in the legacy Permian and Anadarko basins.