In the wake of a New York appellate court ruling that two local bans on oil and gas activities should be upheld, supporters of shale development in the Empire State worry that the damage may be done, regardless of how the bans fare through a possible appeal.
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Chevron Corp. has conducted a successful production test on the St. Malo PS003 well in the prolific Lower Tertiary Trend in the deepwater Gulf of Mexico (GOM), with low rates, though limited by testing equipment constraints, exceeding 13,000 b/d of oil, the operator said Thursday.
Broken Arrow, OK-based Magnolia Petroleum Plc announced successful well results in the Mississippian Lime play on Tuesday and said well costs would be recovered quickly.
EnCap Flatrock Midstream LLC has closed its second private equity fund, EnCap Flatrock Midstream Fund II LP (EFM II), with commitments of $1.75 billion.
Republicans in the North Carolina General Assembly were able to override Democratic Gov. Bev Perdue’s veto of a bill to legalize hydraulic fracturing (fracking) on Monday after a voting error by a Democratic lawmaker.
Lifted by prices and successful well tests from an extension of the emerging Mississippian Lime play, oil production in Kansas rose last year, according to new estimates by the Kansas Geological Survey at the University of Kansas. Natural gas production in 2011, however, declined by more than 6%.
Chesapeake Energy Corp. and CEO Aubrey K. McClendon have been notified by the Securities and Exchange Commission (SEC) that the Fort Worth, TX, regional office has begun an informal inquiry and “requested that the company and Mr. McClendon retain certain documents,” the company said after the stock market closed on Thursday.
Betting that a shale gas industry may develop in the state in the future, the Illinois Senate on Thursday passed 54-0 a measure (SB 3280) to regulate hydraulic fracturing (fracking), which would require the disclosure of chemicals used in fracking operations.