Statoil Buys Another 70,000 Net Acres in Marcellus

Norway’s Statoil ASA on Wednesday said it has snapped up another 70,000 net acres in liquids-rich areas of the Marcellus Shale for $590 million in cash. The portfolio additions, which give the producer full or joint partnership in close to 750,000 net acres in the play, are spread across West Virginia and Ohio.

December 20, 2012
Encana, PetroChina Strike Partnership in Duvernay Shale

Encana, PetroChina Strike Partnership in Duvernay Shale

Encana Corp. on Thursday struck a C$2.18 billion joint venture (JV) agreement to explore and develop close to half a million acres of its leasehold in the Duvernay Shale with a subsidiary of PetroChina International Ltd.

December 17, 2012
Marathon’s U.S. Trio: Eagle Ford, Bakken, Oklahoma

Marathon’s U.S. Trio: Eagle Ford, Bakken, Oklahoma

Marathon Oil Corp.’s $5.2 billion capital, investment and exploration budget for 2013 is about 65% targeted toward liquids-rich areas, particularly the Eagle Ford Shale of South Texas.

December 10, 2012

WPX Takes 3Q Loss, But Bakken Oil and Marcellus Gas Booming

WPX Energy Inc. announced a net loss of $64 million for 3Q2012 on Thursday, but it also reported significant growth in oil production in the Bakken Shale and tripled natural gas production in the Marcellus.

November 2, 2012

California Regulators Sued Over Fracking Risks

Environmental groups on Tuesday filed a lawsuit in California claiming that state regulators had failed to “consider or evaluate” the risks of hydraulic fracturing (fracking) as required by the California Environmental Quality Act (CEQA).

October 18, 2012

Natural Gas Holds ‘Significant Upside Optionality,’ Says Analyst

Despite weak prices, there is “significant upside optionality” to natural gas, according to a Credit Suisse analyst.

October 17, 2012

Seneca Resources Completes Wells in Marcellus and Utica

Seneca Resources Corp. is proceeding with drilling operations in the Marcellus and Utica shales, and has established positions in oil fields in Kansas and California, the National Fuel Gas Co. (NFG) subsidiary said Thursday.

October 1, 2012
Big Incentives for Producers to Reduce Water Use, Say Execs

Big Incentives for Producers to Reduce Water Use, Say Execs

Environmental questions and high costs for water have created a big headache for unconventional oil and gas producers, but it won’t take long before those problems are turned into opportunities for other businesses, according to industry executives.

September 25, 2012

PHMSA Aims to Reduce Serious Pipeline Incidents by 2016

With efforts by pipelines and state regulators, the Pipeline and Hazardous Safety Administration (PHMSA) said it anticipates a significant reduction in pipeline-related deaths or major injuries over the next four years.

September 17, 2012

Continental Increases Bakken Position Through Wheatland Oil Purchase

Continental Resources Inc.’s shareholders have approved the company’s purchase of Wheatland Oil Inc.’s core assets in the Bakken Shale, a stock deal valued at about $276 million.

August 14, 2012