Slice

The Interior Department’s Bureau of Land Management (BLM) Friday issued a draft proposal to slice in half the public lands available for development in three western states, and to limit activities to early research and development projects for oil shale and tar sands resources.

A healthy slice of Marathon Oil Corp.’s $4.8 billion capital, investment and exploration budget for next year is targeted at the Eagle Ford Shale play in South Texas as the company continues to focus on liquids-rich assets in the United States.

As natural gas produced from shale plays gains a larger slice of the gas market pie and production from the Gulf of Mexico continues to diminish, gas processing infrastructure is increasingly being added in non-Gulf Coast areas, according to the Energy Information Administration (EIA).

As natural gas produced from shale plays gains a larger slice of the gas market pie and production from the Gulf of Mexico continues to diminish, gas processing infrastructure is increasingly being added in non-Gulf Coast areas, according to the Energy Information Administration (EIA).

As natural gas produced from shale plays gains a larger slice of the gas market pie and production from the Gulf of Mexico continues to diminish, gas processing infrastructure is increasingly being added in non-Gulf Coast areas, according to the Energy Information Administration (EIA).

Unconventional natural gas and liquids plays account for a larger slice of the gas-directed rig count pie than they did just a short time ago. More horizontal drilling and the emergence of the second generation of shale plays characterize the market today, according to analysts at Barclays Capital.

Unconventional natural gas and liquids plays account for a larger slice of the gas-directed rig count pie than they did just a short time ago. More horizontal drilling and the emergence of the second generation of shale plays characterize the market today, according to analysts at Barclays Capital.

Accelerating efforts to slice more debt off its books, Calpine Corp. on Wednesday agreed to sell all of its domestic oil and natural gas assets — 383 Bcfe — to an indirect subsidiary for $1.05 billion. The sale is scheduled to close July 7.

Restatements to El Paso Corp.’s oil and natural gas reserves will slice $2.7 billion off the value of production assets, and the resulting restatements to hedge accounting will cut shareholder equity by $1 billion, the company has announced. However, as it overcomes the 41% downward revision to its reserves, CEO Doug Foshee said the company’s core businesses, led by its pipeline group, remain solid.