Resources

Halcon Resources Corp. said Monday it will be spending more on its East Texas Eagle Ford Shale play, known as El Halcon.

Denver-based exploration and production (E&P) independent QEP Resources Inc. reported encouraging results from its first four-well pad drilling on recently acquired South Antelope property in the Williston Basin in North Dakota. QEP said it also completed nine wells — four in the Bakken and five in the Three Forks formations on the Fort Berthold Indian Reservation.

Kodiak Oil & Gas Corp. has agreed to purchase 42,000 net acres and associated production in North Dakota’s Williston Basin for $660 million in cash from Liberty Resources LLC.

An MDU Resources Group Inc. subsidiary on Thursday announced a natural gas pipeline project that would stretch across the Bakken Shale from western North Dakota to western Minnesota, where it would connect with Viking Gas Transmission Co.’s gas system.

The Railroad Commission of Texas (RRC) amended its oil and gas well construction requirements rule (Statewide Rule 13) to clarify requirements related to casing, cementing, drilling, well control and completions. The changes take effect Jan. 1, 2014 and apply to any wells drilled on or after that date.

Range Resources Corp.’s Marcellus Shale leasehold has the potential to produce up to 8 Bcf/d, an executive said last week.

Sen Ron Wyden (D-OR), chairman of the Senate Energy and Natural Resources Committee, last week called on the Department of Energy (DOE) to update its application process for liquefied natural gas (LNG) exports to reflect the country’s shale revolution, and to ensure that the United States obtains the “greatest benefit” from this national asset.

Pioneer Natural Resources Co.’s first horizontal Wolfcamp Shale well in Martin County, TX, — the Mabee K #1H — has been placed on production with an initial rate that the company called “strong,” and an analyst following Pioneer said confirms prospectivity in the county.

Range Resources Corp. has the potential to produce up to 8 Bcf/d from the Marcellus Shale, an executive said Tuesday.