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New York Bankruptcy Court OKs Norse Lease Sale; CFO Leaving

A bankruptcy court in New York has approved plans by Norse Energy Corp. USA to sell its assets, especially oil and gas leases for about 130,000 net acres in the state’s portion of the Marcellus and Utica shales.

July 31, 2013

Flat Basis, Power Demand Need Rethink by NatGas Pipes, Say Experts

Power generation will continue to grow in importance to the natural gas market. Reliably connecting gas supply to power plants in the years ahead will take more than synchronizing the gas and power days; a capital-intensive infrastructure buildout is necessary, as is new thinking on the part of pipelines, industry executives said in Houston last Thursday.

July 22, 2013

Petronas, Indian Oil Said to Be in Montney Shale Talks

Malaysia national oil and gas company Petronas (Petroliam Nasional Berhad) is in negotiations to sell a 10% stake in Canadian shale properties it acquired last year to the state-owned Indian Oil Corp. Ltd. (IOC).

July 11, 2013

GreenHunter Begins Operations at Ohio Waste Treatment Facility

GreenHunter Water LLC has begun to process complex oilfield waste streams at its bulk storage and barge transloading terminal in New Matamoras, OH, the GreenHunter Resources Inc. subsidiary said Friday.

July 1, 2013

People

Eddie LeBlanc will take over as CFO and executive vice president at SandRidge Energy Inc. on July 8, the operator said. LeBlanc formerly was CFO at East Resources Inc. from 2010 until 2013. Before that, he also served as CFO at PostRock Energy Corp. (2009-2010), Ascent Energy Co. (2003-2007), Range Resources Corp. (2000-2003), and Coho Energy Inc. (1995-1999). He has a bachelor of science in business administration from the University of Louisiana at Lafayette and is a certified public accountant and chartered financial analyst. LeBlanc is moving into the office formerly occupied by James D. Bennett, who recently was named CEO (see Daily GPI, June 20). Bennett began as SandRidge’s CFO in January 2011 and he was named president in March.

June 27, 2013

Forbes U.S. Billionaires Prefer Shale

Any U.S. oil and gas wildcatter looking for a way to get on the Forbes annual Billionaires list might take a hint from some of the interests among those who made this year’s list, published Monday. They like oil and they like natural gas, and many of them especially like shale.

June 26, 2013

Wyoming to Lead Pavillion Water Tests with EPA Assist

The state of Wyoming will take the lead in the continuing investigation of the potential impact of natural gas production activities on drinking water in the Pavillion, WY, area, with the cooperation of the U.S. Environmental Protection Agency (EPA), which is suspending its own investigation.

June 24, 2013

Wyoming to Lead Pavillion Water Tests With EPA Assist

The state of Wyoming will take the lead in the continuing investigation of the potential impact of natural gas production activities on drinking water in the Pavillion, WY, area, with the cooperation of the U.S. Environmental Protection Agency (EPA), which is suspending its own investigation.

June 24, 2013

People

Jeff Shellebarger, 56, will take over as president of Chevron Corp. subsidiary Chevron North America Exploration and Production Co. on Aug. 1. Gary Luquette has helmed the unit since 2006, but he is retiring after 35 years. To help with the transition, Luquette plans to remain at Chevron until Sept. 1. Shellebarger joined Chevron in 1980 and now manages the IndoAsia business unit. As president of North America operations, Shellebarger would oversee exploration and production activity across all of the producer’s assets in the United States and Canada.

June 10, 2013

People

Jeff Shellebarger, 56, will take over as president of Chevron Corp. subsidiary Chevron North America Exploration and Production Co. on Aug. 1. Gary Luquette has helmed the unit since 2006, but he is retiring after 35 years. To help with the transition, Luquette plans to remain at Chevron until Sept. 1. Shellebarger joined Chevron in 1980 and now manages the IndoAsia business unit. As president of North America operations, Shellebarger would oversee exploration and production activity across all of the producer’s assets in the United States and Canada.

June 6, 2013
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