The Cana-Woodford, Eagle Ford and Bakken/Sanish/Three Forks plays continued to lead the activity growth in unconventional fields over the last year as oil and gas producers put more weight on liquids-rich shales to take advantage of higher commodity prices found in oil and natural gas liquids. Conversely, some of the nation’s dry gas shales have seen the largest drilling activity declines as natural gas prices remain below $4/MMBtu for much of the country.
Target
Articles from Target
Hess, CONSOL to Partner in Utica Shale
On the heels of a mega Marcellus Shale partnership agreement in August, CONSOL Energy Inc. on Wednesday announced that Hess Corp. would become its partner on half of its nearly 200,000 acres in the prospective Utica Shale in eastern Ohio.
September 8, 2011
Industry Briefs
Swift Energy Co. agreed to sell its interests in six fields in South Louisiana, two in Texas and one in Alabama to an undisclosed private oil and gas company for $53.5 million. Swift said it would use the proceeds to fund a portion its 2011 capital expenditures. Production attributable to the fields being sold averaged 10.6 MMcfe/d during 1Q2011 with aggregate proved reserves of 92.2 Bcfe (19% proved developed producing and 65% natural gas) at year-end 2010. The sale is expected to close within the next two months.
August 19, 2011
Wide Range of Applications Seen for Marcellus Shale Gas
Expanded use of combined heat and power (CHP) systems, which recover and make use of waste heat from power generation, could be a means of growing demand for Marcellus Shale natural gas, according to the Commonwealth Recycled Energy Economic Development Alliance (CREEDA).
July 12, 2011
Energy Transfer Admonishes Southern Union
Energy Transfer Equity LP (ETE) on Wednesday warned potential takeover target Southern Union Co. that opening up separate discussions with Williams would be a “willful and intentional breach” of their merger agreement.
June 30, 2011
U.S. Seen Exporting Shale Technology to the World
Seeds from the North American shale gas revolution have been carried around the globe and planted, and it’s only a matter of time before many countries have their own where natural gas is concerned, longtime energy industry executive Chuck Watson told a Houston audience Thursday.
June 20, 2011
Williams E&P Spinoff Broadens Opportunities, Says CEO
A decision to spin off its exploration and production (E&P) unit as a pure-play producer will give Williams shareholders more opportunities to target their investments, CEO Alan Armstrong said last week.
May 23, 2011
Prices Meander Despite Unconventional Rig Count Drop
The number of rigs targeting oil and natural gas in U.S. tight sands and shale plays saw a significant drop during the week ending May 20, while oil and gas prices hovered in their recent comfort zones, according to NGI’s Shale Daily Unconventional Rig Count.
May 23, 2011
Williams E&P Spinoff Broadens Opportunities, Says CEO
A decision to spin off its exploration and production (E&P) unit as a pure-play producer will give Williams shareholders more opportunities to target their investments, CEO Alan Armstrong said Thursday.
May 23, 2011
Enbridge Expanding East Texas System for Haynesville Production
Enbridge Energy Partners LP (EEP) plans to invest $175 million to expand its East Texas system to provide gathering, treating and transmission services for several major gas producers on the Texas side of the Haynesville Shale, the Houston-based partnership said Thursday.
May 2, 2011
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