The promise of production from seven “exceptional” wells brought online in January in Pennsylvania’s Marcellus Shale and continuing additions to its pipeline business paint an expanding future for National Fuel Gas Co. (NFG) in 2013, CEO Dave Smith said during a conference call with analysts.
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Gulfport Chalks Up More Results in Utica
Gulfport Energy Corp. Tuesday reported production results for two more Utica Shale wells and said it plans to have natural gas and liquids flowing to pipelines this spring.
Consol Shifting Gears in Utica, From Exploration to Development
Consol Energy Inc. announced Friday that it would begin shifting its Utica Shale program in Noble County, OH, from exploration to development mode, after seeing encouraging results and data from its test wells and those of its competitors in the play.
Carrizo Targets Eagle Ford This Year
Carrizo Oil & Gas Inc. this year plans to spend $500 million on drilling and completions, with the lion’s share going to the Eagle Ford Shale in South Texas. The Houston-based company said last week it would spend $385 million in the play, $70 million in the Marcellus Shale, $35 million in the Niobrara formation and $10 million for other drilling activity.
Bakken Pipeline Capacity Getting Railroaded, Parties at FERC Say
Enbridge Energy Partners LP’s North Dakota crude oil pipeline system has been underutilized since November due to increasing competition from rail and other pipeline transport options, refiner Flint Hills Resources LP, a unit of Koch Industries Inc., told FERC in a filing.
Eagle Ford Getting 77% of Carrizo 2013 Drilling Budget
Carrizo Oil & Gas Inc. plans to spend $500 million on drilling and completions this year, with the lion’s share going to the Eagle Ford Shale in South Texas.
Hess to Spend 40% of E&P Budget on U.S. Shale Prospects
Hess Corp. said Wednesday it plans to spend $6.8 billion on capital expenditures (capex) in 2013, with the largest share — $2.7 billion, or 40% of the exploration and production (E&P) budget of $6.7 billion — devoted to unconventional resources.
Canada Natural Gas Investments Flowing West
British Columbia (BC) over the next 24 years should gain more natural gas investment than any other Canadian province, according to the Conference Board of Canada.
U.S. Shale Boom Attracts Foreign Chemical, Service Firms
Although many of its nations have so far spurned their own shale development, European chemical and energy service companies are benefiting from the U.S. shale gas development and the resulting low natural gas prices on this side of the Pond, according to an American Chemistry Council (ACC) economist.
Sidewinder, Union Merger Set to Close
Houston-based land driller Sidewinder Drilling Inc. management on Monday said it now holds about 92% of the outstanding shares of Union Drilling Inc., which allows the unconventional oilfield service operators to move forward with their merger, first announced in September.