Shale

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The Marcellus Shale Coalition (MSC) has hired three full-time senior staff members to advance the organization’s communications, outreach, education and policy objectives. Steve Forde, the new policy and communications director, was senior director of corporate communications for Education Management Corp. He previously was deputy communications director for House Speaker John Boehner of Ohio and also served as communications director for the House Education and Workforce Committee. Christopher Heck, who will lead membership services, joins the MSC after serving as vice president and relationship manager at Fifth Third Bank. Heck is current chair of the Enterprise Forum Pittsburgh. The new conference director, Helen Goodman, founded Pittsburgh-based Event Resources 20 years ago to provide services to corporate, nonprofit and public-sector organizations. She also worked for the Pittsburgh Technology Council. “Having our membership more than double over the past year, we’re continuing to grow our core team of experts with our focus remaining on effectively conveying our industry’s long-term commitment to the environment, safety, and a cleaner, more competitive energy economy,” said MSC President Kathryn Klaber.

February 3, 2011

Industry Brief

Abraxas Petroleum Corp. has completed its first Eagle Ford Shale well in South Texas. Blue Eagle Energy LLC, a joint venture of Abraxas formed with Rock Oil Co. (formerly Blue Stone Oil & Gas LLC) last year (see Daily GPI, Aug. 30, 2010), drilled the T Bird 1H well in DeWitt County, TX, to a total depth of 19,450 feet, including a 5,700-foot lateral. The well was completed with a 15-stage fracture stimulation and recently placed online at a restricted rate approximately 75 days after spudding, according to San Antonio-based Abraxas. The well is being opened slowly to prevent formation damage and an unrestricted rate will be announced in the near future.

February 3, 2011

Alaska Urged Not to Miss the Gas Boat

Thanks to Lower 48 shale gas supply growth, it’s too late for a pipeline to carry Alaska North Slope gas to market — but it may be able to catch a boat out of the frozen tundra to hotter markets in Asia, Credit Suisse analyst Teri Viswanath said in a note last Tuesday.

January 31, 2011

Alaska Urged Not to Miss the Gas Boat

Thanks to Lower 48 shale gas supply growth, it’s too late for a pipeline to carry Alaska North Slope gas to market — but it may be able to catch a boat out of the frozen tundra to hotter markets in Asia, Credit Suisse analyst Teri Viswanath said in a note Tuesday.

January 27, 2011

ONEOK Partners Advances Bakken Midstream Projects

ONEOK Partners plans to invest another $260-305 million between now and the end of 2014 for new projects in the Bakken Shale in the Williston Basin, with most of the money earmarked for natural gas midstream projects.

January 25, 2011

Abundant Gas Supplies Put More Focus on Transportation Use

As exemplified by a Monday New York Times column touting the natural gas gold rush in shale, alternative fuel transportation applications are one of two outlets for the supply bonanza. They include compressed natural gas (CNG) and liquefied natural gas (LNG), which are both increasingly attractive to fleet and heavy-duty vehicle markets.

January 20, 2011

Energy Patch Swindler Pleads Guilty in Dallas

A Dallas man recently pleaded guilty to one count of mail fraud as part of a scheme that defrauded investors in interests in the Barnett Shale natural gas play in North Texas and elsewhere, the U.S. Department of Justice (DOJ) said.

December 20, 2010

ONEOK Targeting Cana-Woodford, Granite Wash NGLs

ONEOK Partners LP said it will spend $180 million to $240 million by the first half of 2012 for natural gas liquids (NGL) projects in the Cana-Woodford Shale and Granite Wash plays.

December 17, 2010

Energy Patch Swindler Pleads Guilty in Dallas

A Dallas man pleaded guilty last week to one count of mail fraud as part of a scheme that defrauded investors in interests in the Barnett Shale natural gas play in North Texas and elsewhere, the U.S. Department of Justice (DOJ) said.

December 14, 2010

RAM Energy Cuts Debt With North Texas Asset Sale

RAM Energy Resources Inc. has sold its North Texas Barnett Shale and Boonsville properties to Milagro Producing LLC for $43.7 million in cash, prior to adjustments.

December 13, 2010