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Carrizo Oil & Gas Inc. raised second quarter oil production guidance to 10,800-11,200 b/d from 9,600-10,000 b/d, increased its 2013 crude oil production growth target to 40% from 28% and raised its total 2013 production growth target to 10% from 6%, based largely on results in the Eagle Ford Shale.

With exploration and production (E&P) activity heating up along the eastern border of Montana as an extension of the North Dakota oil and natural gas boom, state lawmakers in the Big Sky state have proposed about a half-dozen new laws to deal with the impact on the local communities in the region.

ExxonMobil Corp. last week offered US$3.14 billion to buy Celtic Exploration Ltd., a Calgary producer with a rich array of unconventional acreage spread across the Montney and Duvernay shales, as well as leaseholds in other formations in Alberta (AB) and British Columbia (BC). The offer has a cash value of about $2.6 billion, excluding debt.

Noble Energy Inc., whose exploration efforts are spread across the globe, last week gave investors a peek at five frontier plays, including a promising unconventional find in an overlooked area of Nevada.

Noble Energy Inc., whose exploration efforts are spread across the globe, on Thursday gave investors a peek at five frontier plays, including a promising unconventional find in an overlooked area of Nevada.

New Mexico on Wednesday completed a string of hearings spread over four months on a request from the state’s two main energy industry groups that the “pit rule” be modified to make it more cost-effective.

The American Petroleum Institute (API) has launched a campaign to spread the news about jobs and other contributions the oil and gas industry makes to communities nationwide.

Continental Resources Inc. on Wednesday made a $340 million pitch to buy Bakken Shale-focused Wheatland Oil Inc., a company controlled by Continental CEO Harold Hamm.

Now that the shale-driven natural gas supply renaissance has spread to natural gas liquids, namely ethane, multiple companies have announced ideas for doing something with it. Royal Dutch Shell plc has set its sites on the Marcellus Shale region for the possible construction of a world-class ethane cracker.