Resources

Range Resources Corp. said late Wednesday that it closed a deal to sell its coalbed methane assets in Virginia’s Nora Field, receiving $865 million in proceeds — $11 million less than what it announced when the company entered the agreement in November.

Anchored by the Appalachian Basin, the Atlantic area’s technically recoverable natural gas resource base has risen an estimated 24% since 2012, more than any other area offshore and onshore in the United States, the Potential Gas Committee (PGC) said in the new biennial report.

A Democratic North Dakota legislator is fighting an uphill battle, pushing a bill (SB 2366) in the Republican-controlled legislature to reorganize the state’s regulatory oversight of the oil and natural gas sectors.

Tallgrass Development LP and AGL Resources Inc. are proposing the 140-mile, 1.2-1.5 Bcf/d Prairie State Pipeline to connect the Illinois and Midwest markets with natural gas from the Rockies, Midcontinent, Gulf Coast as well as growing Appalachian Basin shale plays.

Outside of the United States and Canada, shale development even in the most favorable spots is still five to 10 years away from beginning to come to fruition, according to a new report from consulting firm Accenture.

While stressing preferences for renewables and energy conservation, California regulators on Thursday left the door open for new natural gas-fired generation when they approved plans for replacing the output of a closed nuclear plant and several older gas-fired plants along the Southern California coast.

The University of Tennessee’s Institute of Agriculture (UTIA), which had spent three months in search of an industry partner to investigate the impacts of natural gas and oil exploration, as well as development from shale formations, has put the project on hold after receiving no bids for the proposed research project.

Checking a map is the first step to knowing where one is going, but when it comes to forecasting shale gas supply and demand, the map can throw some international gas end-users off course.

After a 32-year run, Royal Dutch Shell’s U.S. operations are pulling the plug on oil shale research in Colorado, noting that the company has spent tens of millions of dollars and learned a lot. The closing of the operations will be a careful, phased exit to maximize environmental and safety considerations in the Piceance Basin in northwest Colorado, Shell said.