Halcon: ‘Progress On All Fronts,’ But Earnings Miss

Halcon: ‘Progress On All Fronts,’ But Earnings Miss

Halcon Resources Corp. is still figuring out the Utica/Point Pleasant play while it is making progress on well completions in the Bakken/Three Forks and adding acreage to its recently announced East Texas Eagle Ford play, CEO Floyd Wilson said Thursday.

May 3, 2013

Industry Briefs

The Environmental Protection Agency (EPA) is revising the deadline by which owners or operators of facilities subject to the petroleum and natural gas systems source category of the Greenhouse Gas Reporting Rule must submit requests for use of best available monitoring methods (BAMM) to the agency. Specifically, the agency is moving up the prior deadline of Sept. 30 to June 30, according to a final rule published in the Federal Register on Wednesday. The amendment now reads: “For reporting years after 2012, a new request to use best available monitoring methods must be submitted by June 30 of the year prior to the reporting year for which use of [BAMM] is sought.” The EPA said it is not proposing any other changes related to BAMM for oil and gas. Affected facilities would be natural gas pipelines, local distribution companies, oil and gas drilling facilities and natural gas liquids extraction facilities.

May 3, 2013

Royale Touts JV for Alaska North Slope Shale Acreage

Royale Energy Inc. said Wednesday it struck a $43 million joint venture (JV) agreement with an unnamed company to fund exploration costs on its Alaska North Slope acreage.

April 12, 2013

Gastar Buys Oklahoma Acreage, Repurchases Stock from Chesapeake

Gastar Exploration Ltd. announced a three-way deal with Chesapeake Energy Corp. on Monday, in which Gastar purchased proven reserves in the prospective Hunton Limestone formation in Oklahoma, as well as close to 10% of its common stock. The companies also agreed to settle outstanding litigation.

April 2, 2013
Australia’s Amadeus Acquiring Eagle Ford-Focused Lonestar Resources

Australia’s Amadeus Acquiring Eagle Ford-Focused Lonestar Resources

Australia’s Amadeus Energy Ltd. plans to acquire Fort Worth, TX-based Lonestar Resources Inc. — a player in the Eagle Ford, Bakken and Barnett shales — via the purchase of Lonestar’s holding company, Ecofin Energy Resources Plc of the United Kingdom.

October 23, 2012

Pennsylvania Impact Fee Generates $108.7M for Localities

The Pennsylvania Public Utility Commission (PUC) announced Monday that localities will receive a total of $108.7 million from the impact fees enacted under Act 13, the state’s omnibus Marcellus Shale law.

October 16, 2012

Chesapeake Shares Soar on Report to Sell Midstream Businesses

Chesapeake Energy Corp. is in advanced negotiations to sell all of its midstream assets, including its stake in Chesapeake Midstream Partners LP (CHKM), for more than $4 billion, a transaction that could be completed in the next few days, sources told NGI’s Shale Daily on Wednesday. The bidder is said to be private equity giant Global Infrastructure Partners (GIP), which initially helped to fund the master limited partnership (MLP) and which continues to be a joint partner.

June 7, 2012

Two Colorado Oil Shale Research Projects Assessed

Two research projects to assess the oil shale potential of the Piceance Basin in northwestern Colorado are undergoing preliminary assessment by the Bureau of Land Management (BLM) in Colorado.

May 23, 2012

Williams Partners Buys Caiman’s Midstream Unit, Plans Utica JV

Williams Partners LP on Monday agreed to pay $2.5 billion to buy Caiman Energy’s midstream business, giving it a much bigger footprint in the natural gas liquids (NGL) portion of the Marcellus Shale in northern West Virginia, southwestern Pennsylvania and eastern Ohio. The two companies also are teaming up to build a midstream business in the Utica Shale.

March 20, 2012

Shippers Sign Up for Texas NGL Takeaway Project

Shippers have stepped up for long-term contracts for capacity on the proposed Texas Express Pipeline (TEP) and the natural gas liquids (NGL) pipeline project will move forward, a trio of project sponsors said Tuesday.

March 7, 2012
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