Target

Colorado Begins EPA Frack Rule Implementation

Colorado’s Air Quality Control Commission voted to partially adopt federal clean air rules that target hydraulic fracturing (fracking) emissions and hold public meetings next year to consider full implementation of the Environmental Protection Agency (EPA) rules.

October 22, 2012
Operators Move Rigs to 69 New Counties Nationally Last Week

Operators Move Rigs to 69 New Counties Nationally Last Week

If you’re looking for the newest hotspot for onshore oil and gas development anywhere in the United States, from a target within the emerging Mississippian Lime of Oklahoma and Kansas to a new location in the more established Marcellus Shale of the Mid-Atlantic and Northeast, NGI’s Shale Daily has a new resource to help identify drilling trends.

October 22, 2012

Operators Move Rigs to 69 New Counties Nationally Last Week

If you’re looking for the newest hotspot for onshore oil and gas development anywhere in the United States, from a target within the emerging Mississippian Lime of Oklahoma and Kansas to a new location in the more established Marcellus Shale of the Mid-Atlantic and Northeast, NGI’s Shale Daily has a new resource to help identify drilling trends.

October 22, 2012
Oil-Gas Lines Blurred As Unconventional Rig Count Declines

Oil-Gas Lines Blurred As Unconventional Rig Count Declines

Unconventional oil and gas drilling within the 13 plays tracked by NGI’s Shale Daily Unconventional Rig Count dropped by a combined 13 rigs, or 1%, from the previous week to 869 rigs for the week ending Sept. 28. While some of the plays reporting increases or declines in activity were to be expected, others came as a bit of a surprise.

October 5, 2012

Industry Watchers Pick Top U.S. LNG Export Proposals

Market conditions and technology are on target for U.S. natural gas to compete in world markets, and industry watchers are placing their bets on which natural gas export proposals will actually be built and whether the first liquefied natural gas (LNG) exports will leave U.S. shores by 2015 or 2016.

September 17, 2012

Industry Watchers Pick Leading LNG Export Proposals

Market conditions and technology are on target for U.S. natural gas to compete in world markets, and industry watchers are placing their bets on which natural gas export proposals will actually be built and whether the first liquefied natural gas (LNG) exports will leave U.S. shores by 2015 or 2016.

September 12, 2012

North Dakota Economy Booming; $3.5B in Oil Tax Revenues Eyed

Driven primarily by continuing record oil production from the Bakken Shale formation, North Dakota’s economy is booming and is on target to produce more than $3.5 billion in tax revenues by the end of the state’s current two-year (2011-2013) fiscal year budget period, according to the state tax commissioner.

August 8, 2012

Industry Briefs

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. The fund exceeded its $1.25 billion target and was significantly oversubscribed, EnCap Flatrock Midstream said. It received strong support from existing and new investors, it said. EnCap Flatrock Midstream now has nearly $3 billion in investment commitments from institutional investors and has made commitments to 10 portfolio companies across Funds I and II. Fund II recently announced a commitment to Caiman Energy II LLC as part of a $285 million total commitment from the firm. Caiman II will develop midstream infrastructure in the rich gas region of Ohio’s Utica Shale, including gathering pipelines and natural gas treating, processing and fractionation facilities. EFM II will be announcing a second commitment soon, EnCap Flatrock Midstream said.

August 6, 2012

$1.75B Raised for Resource Play-Focused Midstream Fund

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.

August 2, 2012

Chevron Ties Output Gains to Deepwater GOM, LNG

Led by massive projects in the deepwater of the Gulf of Mexico (GOM) and Australian liquefied natural gas (LNG), Chevron Corp. is maintaining a production target of 3.3 million boe/d by the end of 2017, executives said Friday. The gains will come even though 2Q2012 worldwide output fell 2.6% year/year to 2.62 million boe/d, Chevron Vice Chairman George Kirkland said during a quarterly earnings conference call.

July 30, 2012