Spectra Energy’s Texas Eastern Transmission LP is offering capacity on its Gulf Market Expansion Project, which would give Marcellus and Utica Shale gas access to growing Gulf Coast markets in Louisiana and Texas, including for future export of liquefied natural gas (LNG).
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Articles from Reserves
Monterey Shale Offers Oil, ‘Real Dollars,’ Says Consultant
The Monterey Shale’s oil reserves could offer California a way out of any economic shortfall, according to Navigant Consulting’s energy director.
Warren Resources Plans 25 Coalbed Methane Wells in Wyoming
Warren Resources Inc. plans to drill 25 new coalbed methane (CBM) wells in the Spyglass Hill Unit in Wyoming’s Washakie Basin, a sub-basin of the Greater Green River Basin, the New York City-based exploration and production company said.
Hot Monterey Shale Cools for One E&P
A Canadian-based exploration/production (E&P) company founded five years ago put a chill on its bullish joint venture aimed at drilling on some of its extensive Monterey Shale acreage in California just as federal leasing policy in the state has been called into question for slowing development.
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.
ExxonMobil Output Slumps, Chevron’s Strengthens
ExxonMobil Corp.’s profits climbed 6% year/year in 4Q2012, with annual earnings jumping 9%, despite a steep fall-off in global natural gas and oil production, the supermajor reported on Friday. Until natural gas prices are revived, the producer will direct most of North American unconventional spending on liquids and oil, the investor relations chief said Friday.
‘Marinating’ Utica Wells Improving Output, Economics
Utica Shale operators are discovering that with some patience and seasoning, estimated ultimate recoveries (EUR) for liquids reserves appear to move higher.
‘Marinating’ Utica Wells Improving Output, Economics
Utica Shale operators are discovering that with some patience and seasoning, estimated ultimate recoveries (EUR) for liquids reserves appear to move higher.
Tennessee Drillers Go From Gas to Oil
Drilling in Eastern Tennessee’s dry gas Chattanooga Shale play has ceased due to low natural gas prices, so the focus has shifted to extracting oil from the state’s Fort Payne formation, which lies atop the Chattanooga. Miller Energy Resources, Inc. this week is shipping its first tanker truckload of oil produced from the Fort Payne’s only unconventional well, according to Gary Bible, vice president of geology for the Knoxville, TN-based firm.
Global Competition Seen Upended by U.S. Unconventionals
The impact of unconventional domestic shale gas and tight oil reserves is impacting domestic manufacturing and has upended global competitiveness, according to IHS Inc.