Result

Workers returning to offshore oil and gas facilities across the Gulf of Mexico (GOM) Friday were finding little or no damage as a result of Hurricane Isaac, according to several major GOM producers.

Workers returning to offshore oil and gas facilities across the Gulf of Mexico (GOM) Friday were finding little or no damage as a result of Hurricane Isaac, according to several major GOM producers.

Gastar Exploration Ltd. said net production from its Marcellus Shale assets has increased more than 34-fold in a year, a result of ramped up drilling activity in the liquids-rich portion of the play during the second quarter of 2012.

Gastar Exploration Ltd. said Wednesday net production from its Marcellus Shale assets have increased more than 34-fold in a year, a result of ramped up drilling activity in the liquids-rich portion of the play during the second quarter of 2012.

Chesapeake Energy Corp., which has spent the last decade creating one of the largest natural gas drilling machines in the United States, quickly is becoming an onshore liquids dynamo, CEO Aubrey McClendon told financial analysts Tuesday.

Encana Corp. plans to continue to keep its eye on the “highest-return plays” in North America, which for the near term means more liquids and oil development and no natural gas drilling, CEO Randy Eresman said Wednesday.

FERC on Tuesday issued a certificate for Tennessee Gas Pipeline’s Northeast Upgrade Project, which would expand the company’s existing 300 Line system in Pennsylvania and New Jersey to provide an additional 636,000 Dth/d of Marcellus Shale gas to Northeast markets. This comes only months after Tennessee placed into service an initial expansion and upgrade of the 300 Line.

A two-phase approach to the Keystone XL oil pipeline from Canada to U.S. Gulf Coast refineries should result in a new line from Oklahoma to the Gulf being in place sometime next year, with the XL phase from Canada to Nebraska following by early 2015, the CEO of the project’s sponsor, TransCanada Corp., said Friday. The latter is the only part of the project now requiring a federal Presidential Permit from the U.S. State Department.

Native Americans claim they were unable to add input in the Bureau of Land Management’s (BLM) negotiations on the final rules that will regulate hydraulic fracturing (fracking) of oil and gas operations on public lands. Absent this input, some of the tribal leaders claimed the rules could impede their ability to develop their energy resources.