Together

A well drilled in Mexico’s deepwater Gulf of Mexico (GOM) Catemaco Fold Belt appears to confirm five natural gas deposits that together total proven, possible and probable reserves of 1.5-2 Tcf, according to state-owned Petroleos Mexicanos (Pemex). The discovery would be the most productive in the deepwater for Pemex to date, officials said.

The shale-revitalized North American natural gas industry is coming together with the automobile/transportation industries in an effort to forge a robust natural gas vehicle (NGV) sector that will prosper long term, according to Kevin McCrackin, vice president for utility markets at AGL Resources’ seven-utility group.

Chesapeake Energy Corp. last week clinched a trio of natural gas and oil transactions in unconventional U.S. fields that together would give the company total proceeds of $2.6 billion in cash. Among them was the sale to ExxonMobil Corp. of 58,400 acres in the Texoma Woodford Shale for $590 million in cash.

Chesapeake Energy Corp. on Monday clinched a trio of natural gas and oil transactions in unconventional U.S. fields that together would give the company total proceeds of $2.6 billion in cash.

Hydraulic fracturing (fracking) took center stage at a House hearing Wednesday on the fiscal year (FY) 2013 Interior Department budget, with Secretary Ken Salazar saying that he hopes that federal government research into the shale gas practice will end “a lot of the hysteria” surrounding the drilling practice.

Two U.S. shareholder groups that together have more than $130 billion in investor assets last week called for more transparency by natural gas operators that use hydraulic fracturing (fracking).

One day after HB 401 — also known as the Natural Gas Horizontal Wells Control Act –garnered overwhelming support in both houses of the West Virginia legislature (see Shale Daily, Dec. 15), advocates for the shale gas industry, surface owners’ rights and the environment told NGI’s Shale Daily on Thursday that the bill isn’t all they had hoped for.

Two U.S. shareholder groups that together have more than $130 billion in investor assets on Tuesday called for more transparency by natural gas operators that use hydraulic fracturing (fracking).

Amid cries for Stronger safeguards regarding the public disclosure of chemicals used in hydraulic fracturing (fracking), the Colorado Oil and Gas Conservation Commission (COGCC) on Monday put off for a week or more finalizing the state’s proposed new rules on disclosing fracking chemicals used in oil and gas shale fracking operations. COGCC heard more than 11 hours of testimony in Denver.