TC PipeLines Takes Majority Stakes in GTN, Bison Gas Systems

Houston’s TC PipeLines LP late Wednesday increased its natural gas partnership by one-third in a $1.05 billion agreement with parent TransCanada Corp. that would give it control over both Gas Transmission Northwest LLC (GTN) and Bison Pipeline LLC.

May 17, 2013

Crosstex Invests Another $25M in Utica Partnership

Crosstex Energy Inc. will invest about $25 million in a third natural gas compression and condensate stabilization facility in the Ohio River Valley through E2, a company Crosstex formed in March with former management of Enerven Compression Services to serve Utica Shale producers.

May 16, 2013
Halcon: ‘Progress On All Fronts,’ But Earnings Miss

Halcon: ‘Progress On All Fronts,’ But Earnings Miss

Halcon Resources Corp. is still figuring out the Utica/Point Pleasant play while it is making progress on well completions in the Bakken/Three Forks and adding acreage to its recently announced East Texas Eagle Ford play, CEO Floyd Wilson said Thursday.

May 3, 2013

Woodford, Bakken Steer ExxonMobil in U.S. Onshore

With production growing 39% in the Ardmore Basin’s Woodford Shale and a 75% increase in Bakken output, ExxonMobil Corp. plans to forge ahead with liquids and crude oil unconventional opportunities in North America, and keep its substantial natural gas prospects for better days, the investor relations chief said Thursday.

April 26, 2013

Marcellus Helps Range Break Production Record Again

Range Resources Corp. achieved a record high production volume of 876 MMcfe/d during the first quarter of 2013, driven in large part by the continuing success of its drilling program in the Marcellus Shale, the company said Thursday.

April 12, 2013
PDC Spotlighting Colorado’s Codell Formation

PDC Spotlighting Colorado’s Codell Formation

PDC Energy wells in the Codell formation of Colorado’s Wattenberg Field are outperforming those in the Niobrara, and the independent plans to drill as many Codell horizontal wells as Niobrara horizontals this year, company officials said during an analyst day conference in New York Thursday.

April 8, 2013
Goldboro LNG Terminal Would Tap Frederick Brook Shale

Goldboro LNG Terminal Would Tap Frederick Brook Shale

Contact Exploration Inc. and Pieridae Energy Ltd. have created Pieridae Production LP (PPLP) to focus on natural gas exploration and production in support of Pieridae’s proposed Goldboro LNG Terminal in Guysborough, Nova Scotia. PPLP, which, at least initially, will rely on shale gas in the Frederick Brook Shale.

March 6, 2013

Industry Brief

A round of public forums on California’s discussion draft regulations on hydraulic fracturing have begun in Los Angeles and will continue with a second workshop scheduled to be held March 13 in Bakersfield, CA, by the Division of Oil, Gas and Geothermal Resources. Jason Marshall, chief deputy director of the state’s Department of Conservation, said “interesting and helpful comments” were obtained at the Los Angeles session Feb. 19. Marshall said the goal is have new regulations in place in the next 12-18 months. In the upcoming workshop, the discussion draft rules will be broken into seven parts, with four parts discussed in morning sessions and three in the afternoon. The final session will allow for public comments and questions. A third workshop will be held in Sacramento later this year.

March 1, 2013

San Bruno Sends PG&E into Red Ink for Quarter

More than two years into the aftermath of the San Bruno natural gas transmission pipeline rupture and explosion, PG&E Corp. senior executives said Thursday the company is still feeling the aftershocks on its bottom line. They reported a loss for 4Q2012 due to gas pipeline-related issues.

February 22, 2013
Report: Global Shale Oil Production 14M b/d by 2035

Report: Global Shale Oil Production 14M b/d by 2035

Worldwide production of shale oil has the potential to reach 14 million b/d by 2035, about 12% of the world’s total oil supply, prompting a 25-40% decline in oil prices, according to a report issued Thursday by PwC.

February 15, 2013