Global exploration and production (E&P) spending is forecast to grow by about 9% this year, with U.S. money targeting unconventional and deepwater plays, according to a survey by the energy team at Dahlman Rose & Co.
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The Marcellus Shale is the eastern United States’ new natural gas supply source of choice, and Williams is in the process of developing a new pipeline to connect supply with market via Williams’ existing Transcontinental Gas Pipe Line (Transco).
Nuevo Midstream LLC is beefing up its gas processing and treating capacity in the Delaware Basin near Orla, TX, targeting service to producers that are pursuing the liquids-rich Bone Spring, Wolfcamp and Avalon Shale plays, the company said Wednesday.
Indigo II Louisiana Operating LLC said it has made a new oil discovery in central Louisiana with its first horizontal well targeting the Louisiana Eagle Ford Shale (LA Eagle Ford).
Four environmental groups are challenging the federal government’s approval of new deepwater drilling in the Gulf of Mexico (GOM), specifically targeting exploration now under way by a Royal Dutch Shell plc subsidiary.
The number of rigs actively searching for oil and gas in U.S. unconventional plays dropped by 1% for the week ending April 8, wiping out the 1% gain recorded for the segment during the previous week, according to NGI’s Shale Daily Unconventional Rig Count.
Targeting natural gas and natural gas liquids (NGL) production from shale plays in Texas, Louisiana and Pennsylvania; and conventional production from the Gulf of Mexico, Crosstex Energy Inc. unit Crosstex Energy LP has completed and brought online two expansions of its natural gas gathering system in the Barnett Shale in North Texas and has reactivated its Eunice NGL fractionator in south central Louisiana.