unconventional

Two-year-old Appalachia-based upstart Eclipse Resources I LP, under the management of several shale veterans, has more than doubled its holdings in the Utica Shale in a deal to acquire Oxford Oil Co. LLC, and with it 184,000 net acres and 13.8 Bcfe of proved developed producing reserves.

The Pennsylvania Public Utility Commission (PUC) said Thursday that localities affected by oil and gas drilling in 2012 will collectively receive $102.7 million from impact fee revenue generated by Act 13, the state’s omnibus Marcellus Shale law.

Kodiak Oil & Gas Corp. has agreed to purchase 42,000 net acres and associated production in North Dakota’s Williston Basin for $660 million in cash from Liberty Resources LLC.

New York Gov. Andrew Cuomo said he will make the long-delayed decision on whether to lift a moratorium on high-volume hydraulic fracturing (HVHF) before the next gubernatorial election in 2014.

Cardinal Midstream II LLC has secured a $200 million equity commitment from EnCap Flatrock Midstream to support midstream infrastructure development in conventional and unconventional resource plays, particularly in Texas, Louisiana, Oklahoma and New Mexico. Cardinal is focused on natural gas and crude oil gathering, compression and centralized production facilities, condensate stabilization, vapor recovery, and natural gas treating and processing. With the new commitment, Cardinal is led by CEO Doug Dormer and President Marc Lyons. Mark Ward has joined the company as COO. Ward has more than 30 years of engineering, operations and project management experience in the upstream and midstream.

The Pennsylvania Public Utility Commission (PUC) has asked about 70 municipalities to correct and resubmit a form showing how they spent their share of impact fee revenue from Act 13, the state’s omnibus Marcellus Shale law.

The Crestwood and Inergy companies are merging to create a $7 billion midstream business that will serve numerous big-name North American unconventional plays with existing assets and additional infrastructure to be developed or acquired, they said last week.

The Crestwood and Inergy companies are merging to create a $7 billion midstream business that will serve numerous big-name North American unconventional plays with existing assets and additional infrastructure to be developed or acquired, they said Monday.

The costly and complex decision to shift from being one of the biggest natural gas producers to becoming one of the largest liquids operators showed some positives for Chesapeake Energy Corp. in the first three months of this year, which also gained on improving natural gas prices.