Seven years after it abandoned a bid to acquire U.S. oil and gas producer Unocal Corp., China’s CNOOC Ltd. is making a run for Canada’s Nexen Inc. with an offer in the same ballpark as what it proposed to pay for Unocal. Politics and trade policy are expected to be features of debate over the deal as CNOOC seeks approvals in Canada and the United States.
Seven
Articles from Seven
Most Onshore Oil Plays Economic at $65 WTI, Says Raymond James
The Permian Basin, as well as the Eagle Ford and Bakken shales, which today are considered the “big three” drivers of U.S. oil production, would remain economic at current costs if West Texas Intermediate (WTI) crude oil prices were to fall to $65/bbl, according to an analysis by Raymond James & Associates Inc. In fact, 13 of 20 onshore oil plays evaluated would breakeven below $65 using current costs, said analysts.
July 17, 2012
Indigo: Cotton Valley Well Tests at 3,019 Boe/d
A horizontal well targeting the Cotton Valley formation in northern Louisiana recently flowed at an initial production rate of 3,019 boe/d over a 24-hour period, according to privately held producer Indigo Minerals LLC.
July 3, 2012
New Jersey OKs $10M for CNG Fueling Expansion
New Jersey regulators on Monday approved a $10 million pilot program by New Jersey Natural Gas (NJNG) to add up to seven compressed natural gas (CNG) fueling stations in the next 12 months, which would give the state a total of 10 public fueling stations.
June 20, 2012
CNG, LNG Transport Stations Getting Boost
AGL Resources’ Atlanta Gas Light Co. said it has received qualified proposals from the city of Atlanta and seven commercial operators to build up to nine compressed natural gas (CNG) fueling stations throughout Georgia under a program authorized by regulators last year. The first station is slated to open in mid-2013.
June 4, 2012
Alaska, Producers Settle Seven-Year Point Thomson Dispute
The state of Alaska on Friday settled a seven-year legal battle with natural gas and oil producers over the Point Thomson leases, and the operators in turn agreed to develop the huge gas field.
April 2, 2012
Pennsylvania Municipalities Challenge Override of Local Oil, Gas Control
Seven Pennsylvania municipalities filed a lawsuit Thursday challenging a new state law which gives shale gas-rich counties the ability to impose a 15-year impact fee on unconventional gas wells, claiming that it supersedes local authority over drilling and violates the state and U.S. Constitution.
April 2, 2012
Alaska, Producers Settle Seven-Year Point Thomson Dispute
Alaska Gov. Sean Parnell said Friday the state has settled a seven-year legal battle with several oil and gas producers over Point Thomson leases. All parties have agreed to enter into a complex settlement agreement to develop the huge natural gas field.
April 2, 2012
Energy Groups: CFTC Rule to Miscast End-Users as Swap Dealers
Seven natural gas and electricity trade groups Tuesday called on White House officials to pressure the Commodity Futures Trading Commission (CFTC) not to broadly define “swap dealer” in such a way as to include end-users and hedge funds, making them subject to regulation under the Dodd-Frank Wall Street Reform Act.
February 16, 2012
U.S. Crude Output Predicted to Jump 20% by Year’s End
Full-year U.S. crude production, excluding natural gas liquids (NGL), will jump by 20% by the end of this year, a full seven years ahead of Energy Information Administration (EIA) projections, Raymond James & Associates Inc. said Monday.
February 14, 2012
Listen to the latest episode of our newest podcast NGI's Hub and Flow via:
