The Texas Petro Index (TPI), an indicator of upstream oil and gas activity in Texas, increased modestly but steadily during the first half of the year, beginning July a scant 1.2% from matching the peak index achieved nearly five years ago, according to data released Monday. As has been the case for a while, oil production is the big story, but casinghead gas is lending support to natural gas output.
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Chesapeake Moving from Risk-Taker to Profit-Maker
Chesapeake Energy Corp., the mega-operator that Aubrey McClendon built shale-by-shale, is being repurposed brick-by-brick as the company transitions from risky exploration to steady production.
July 8, 2013
Chesapeake Sells $1B in Eagle Ford, Haynesville Assets to Exco
Exco Resources Inc. is paying Chesapeake Energy Corp. $1 billion for something wet and something dry: about 55,000 acres in the liquids-rich Eagle Ford Shale of Texas and about 9,600 acres in the drier Haynesville Shale in North Louisiana.
July 5, 2013
Atlas Buying Raton, Black Warrior, Arkoma Basin Assets
Atlas Energy LP (ATLS) exploration and production (E&P) subsidiary Atlas Resource Partners LP (ARP) is buying 466 Bcf of natural gas proved reserves in the Raton (New Mexico) and Black Warrior (Alabama) basins from EP Energy E&P Co. LP (EP Energy), a unit of EP Energy LLC, for $733 million.
June 11, 2013
GOM Gas Hydrate Understanding Advances
New data gathered during a 15-day research expedition in the northern Gulf of Mexico (GOM) are being used to refine estimates of natural gas hydrates.
May 20, 2013
Expedition Advances GOM Gas Hydrate Understanding
New data gathered during a 15-day research expedition in the northern Gulf of Mexico (GOM) are being used to refine estimates of natural gas hydrates.
May 15, 2013
Pioneer Proposes West Texas MLP Buyout
Pioneer Natural Resources Co. (PXD) has made a buyout offer to Pioneer Southwest Energy Partners LP(PSE) with the goal of consolidating the companies’ properties in the Midland Basin in West Texas.
May 13, 2013
Geology’s There, but Overseas Shale Gas Still Nowhere
There appears to be no scarcity of global shale gas opportunities, but it may be two years — or longer — before drilling progresses to commercial success, according to Raymond James & Associates Inc.
May 7, 2013
Commodity Group Files Brief to Reinstate Speculation Limits
An alliance of organizations that represents commodity-dependent industries, businesses and end-users has asked a federal court in Washington, DC, to reverse an earlier decision tossing out the Commodity Futures Trading Commission’s (CFTC) controversial rule limiting excessive speculation in the multi-trillion swaps market.
April 25, 2013
Chesapeake Markets 94,000-Acre Utica Package
Chesapeake Energy Corp. has carved out a 94,000-acre tract in Ohio’s Stark and Portage counties to sell, land that represents roughly one-tenth of its leasehold in the Utica/Point Pleasant Shale.
April 11, 2013
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