Separate

Lenape Sues New York Town and DEC Over Drilling Ban

Lenape Resources Inc., an oil and natural gas producer based in New York, has filed a lawsuit against a town in Livingston County for enacting a local drilling ban, and against the state Department of Environmental Conservation (DEC) for failing to rein in the town over the ban.

December 3, 2012

Appalachia Pooling, Storage Flexibility Proposed

National Fuel Gas Supply Corp. in separate filings has asked FERC for permission to create new pooling points on its Appalachian system and has asked to enhance natural gas storage service by decoupling injection and withdrawal rights from storage capacity rights.

December 3, 2012

Plains Wraps Up BP, Shell Gulf of Mexico Acquisitions

Houston-based Plains Exploration & Production Co. reported Friday that it has completed the separate acquisitions of Gulf of Mexico (GOM) properties owned by BP Exploration & Production Inc., BP America Production Co. and Shell Offshore Inc. for a combined total of $6.1 billion.

December 3, 2012

Gulfport, Seneca Announce Encouraging Utica Shale Results

In separate announcements, Gulfport Energy Corp. and Seneca Resources Corp. reported that they are achieving encouraging production results from some of the first horizontal wells drilled in the Utica Shale.

November 29, 2012

National Fuel Proposes Pooling, Storage Flexibility in Appalachia

National Fuel Gas Supply Corp. in separate filings has asked FERC for permission to create new pooling points on its system and to enhance gas storage service by decoupling injection and withdrawal rights from storage capacity rights.

November 28, 2012

Companies Lose Legal Battle to Extend Oil, Gas Leases in NY

In two separate but related cases in U.S. District Court for the Northern District of New York, a judge has ruled that energy companies can’t use the state’s de facto moratorium against high-volume hydraulic fracturing (HVHF) as an excuse to invoke force majeure to extend expiring oil and natural gas leases.

November 26, 2012

Producers Lose Another Legal Battle on New York Leases

In two separate but related cases, the U.S. District Court or the Northern District of New York again has ruled that energy operators may not use the state’s de facto moratorium against high-volume hydraulic fracturing (HVHF) as an excuse to invoke force majeure to extend expiring oil and natural gas leases.

November 26, 2012
Continental Buying in the Bakken, Selling Noncore Conventional Assets

Continental Buying in the Bakken, Selling Noncore Conventional Assets

Continental Resources Inc. has signed separate agreements to buy producing and undeveloped properties in the Bakken Shale for $650 million, and to sell land and assets in its east region for $125 million.

November 12, 2012

Plains Exploration Pays $6.1B for GOM Assets

Houston-based Plains Exploration & Production Co. is paying $5.55 billion for deepwater Gulf of Mexico (GOM) oil and gas properties it is acquiring from BP Exploration & Production Inc. and BP America Production Co. A separate deal with Shell Offshore Inc. in the GOM is worth another $560 million.

September 17, 2012

Fifth Circuit Rules Against Chesapeake in Canceled Texas Lease Deal

The U.S. Court of Appeals for the Fifth Circuit in New Orleans has ruled against Chesapeake Energy Corp. in its bid to reverse a $19.7 million judgment over a canceled oil and gas lease offer in Texas, a decision that may hold implications on canceled lease claims by mineral rights owners in several other states.

September 14, 2012