Resources

4Q2019 Earnings: Ascent Forecasting Stronger Appalachian Natural Gas Output, Less Spending

4Q2019 Earnings: Ascent Forecasting Stronger Appalachian Natural Gas Output, Less Spending

Ohio pure-play Ascent Resources Utica Holdings LLC, the state’s largest natural gas producer, plans to slash capital spending significantly this year as it battles low commodity prices across the Appalachian Basin.

February 25, 2020

Castleton Adds to Gassy Haynesville Portfolio with Shell Deal

With the backing of Japan’s largest natural gas utility, Castleton Resources LLC has 222,400 net acres of gassy leasehold to explore, develop and potentially export from the Haynesville Shale/Cotton Valley after completing a deal with Royal Dutch Shell plc.

December 30, 2019

Briefs — XTO Fine

Blue Ridge Mountain Resources Inc. stockholders have approved the company’s merger with Eclipse Resources Corp., clearing one of the last hurdles for the combination. The deal has already been approved by boths boards and Eclipse’s stockholders. Once the transaction is completed, which is expected in the last week of February, the new company is to be renamed Montage Resources Corp. and trade on the New York Stock Exchange under the symbol “MR.” The new company would have a 227,000 net acre position in Ohio, Pennsylvania and West Virginia, and produce about 560 MMcfe/d.

February 8, 2019

Mature Oil, Natural Gas Resources Still Have Life (Reserves) in Them, Says Rystad

Global oil and gas resources from mature conventional, unconventional and offshore fields rose by 151 billion bbl over a four-year period through 2017, almost 17% higher than the total amount produced over the period, according to Rystad Energy.

March 6, 2018
Provincial Scientists Say Nova Scotia Shale Gas Resources ‘Too Large’ to Dismiss

Provincial Scientists Say Nova Scotia Shale Gas Resources ‘Too Large’ to Dismiss

Shale deposits on land, declared off limits to industry in 2014, are rich enough to replace Atlantic Canada’s depleted offshore natural gas production network, says a fresh review by government scientists.

January 11, 2018

Brief — BLM Lease Sale

The U.S. Bureau of Land Management (BLM) in Utah is planning to offer 75 oil and gas parcels within 94,000 acres in Duchesne, Uintah and Emery counties in an online December quarterly lease sale. BLM said the leases would contain stipulations and best-management practices aimed at addressing air quality and water resources and ensuring the “safe and environmentally responsible” development. BLM also may modify the stipulations to accommodate site-specific resources. Last year, leasing on BLM lands in Utah contributed $1.7 billion to the economy, supporting 9,700 jobs, according to the federal agency.

September 1, 2017

Veteran Canadian Regulator Sees Generations of Low-Cost Natural Gas

The combination of horizontal drilling and hydraulic fracturing will make natural gas an abundant, low-cost item for generations to come, according to a Canadian architect of North American energy free trade.

May 26, 2017

Resource Energy Expanding Bakken Portfolio in Deal With Blue Ridge Mountain

Denver-based Resource Energy Can-Am LLC has agreed to pay $34.7 million for Blue Ridge Mountain Resources’ assets in Divide County, ND, including interests in 167 wells, over 45,000 net mineral acres, in excess of 1,500 boe/d of flowing production and 3.0 million boe of reserves, the companies said Wednesday.

April 28, 2017
USGS: Much More Oil/Gas in Bossier, Haynesville Formations Than Previously Thought

USGS: Much More Oil/Gas in Bossier, Haynesville Formations Than Previously Thought

The oil/natural gas patch has seen much technological change since 2010 — the last time the U.S. Geological Survey (USGS) assessed the resources contained in the Bossier and Haynesville formations. Technology advancements have caused resource estimates for the Gulf Coast Basin plays to balloon.

April 13, 2017

Brief — SoCal Edison

Rosemead, CA-based Southern California Edison Co. (SCE) on Monday released a request for offers (RFO) seeking a variety of distributed energy resources in the Santa Barbara-Goleta area, including natural gas-fired options, such as combined heat-power and cogeneration along with storage, energy efficiency and distributed renewable resources. Eligible projects must meet local interconnection requirements and have start dates between June 1, 2019 and June 1, 2020. SCE seeks to bolster its grid resiliency in the coastal area about 100 miles northwest of Los Angeles. Utility officials said the RFO is not trying to add capacity, but rather increase grid resiliency by adding distributed resources. Projects that meet the RFO requirements will participate in a competitive bidding process for which a bidder’s conference will be held March 22. Additional information is at RFO website established by SCE, scegarfo.accionpower.com.

March 7, 2017
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