Resources

ExxonMobil Corp. said it is interested in helping Ukraine develop its oil, gas, shale gas and coalbed methane (CBM) reserves, and estimates the country’s onshore and offshore gas resources could produce 45 billion cubic meters (bcm) (1.59 Tcf) by 2020.

Consol Energy Inc. has opened a water treatment plant near Mannington, WV, that will be used to treat up to 3,500 gallons per minute of water from coal mines, some of which could be put to use in hydraulic fracturing (fracking) operations in the area.

Magnum Hunter Resources Corp. is planning to build production through the rest of this year from its substantial asset base in the Appalachian Basin after being knocked back early this year from a lack of pipeline capacity for natural gas liquids (NGL), CEO Gary Evans said last week.

Exco Resources Inc. is back in the acquisition game after having struck a $1 billion deal with Chesapeake Energy Corp., CEO Douglas Miller said last week. There are plenty of deals, and financing is available, he told analysts following the company.

Driven primarily by the continued success of its drilling program in the Marcellus Shale, Range Resources Corp. saw its production volumes surge to a record high of 910 MMcfe/d in 2Q2013, a 27% increase over 2Q2012, the Forth Worth, TX-based company said Thursday.

Magnum Hunter Resources Corp. is planning to build production through the rest of this year from its substantial asset base in the Appalachian Basin after being knocked back early this year from a lack of pipeline capacity for natural gas liquids (NGL), CEO Gary Evans said Tuesday.

Five people were injured after a Marcellus Shale gas well owned by Antero Resources exploded in Doddridge County, WV, on Sunday morning.

Exco Resources Inc. is back in the acquisition game after having struck a $1 billion deal with Chesapeake Energy Corp. last week, CEO Douglas Miller said Monday. There are plenty of deals, and financing is available, he told analysts following the company.

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 (see related story). The deal’s dry gas component is viewed by analysts as a steal while the Eagle Ford acreage is considered to be marginal.