unconventional

U.S. Natural Gas M&A Prospects Looking Stronger

Most U.S. land buyers today are foreign companies that want to snap up unconventional prospects, and most are oil-driven. However, with natural gas prices rising, merger and acquisition (M&A) deals are likely this year, especially for operators struggling with costs, according to a PwC energy expert.

April 25, 2013

Magnum Hunter Drilling First Utica Target

Magnum Hunter Resources Corp. said Friday it has dropped a drillbit into its first Utica Shale horizontal target in Ohio’s northern Washington County.

April 15, 2013

Natural Gas Advantage Said Lost on Fugitive Emissions

The natural gas bonanza brought about by unconventional drilling may be displacing coal and diesel as a “cleaner” fuel, but methane leaks from the surge in drilling and processing destroy that advantage, according to the environmental think tank World Resources Institute (WRI).

April 8, 2013

Natural Gas Advantage Lost on Fugitive Emissions, Says Think Tank

The natural gas bonanza brought about by unconventional drilling may be displacing coal and diesel as a “cleaner” fuel, but methane leaks from the surge in drilling and processing destroy that advantage, according to the environmental think tank World Resources Institute (WRI).

April 8, 2013

BLM Sells Leases in Unconventional Nevada Play

A total of 29 parcels comprising 35,889 acres in a promising unconventional find in northeastern Nevada were sold to six companies for a total of $1.27 million by the Bureau of Land Management (BLM) during its quarterly oil and gas competitive lease sale held in Reno, NV, the agency said.

March 19, 2013
USGS: Shale Underlies Some of Susquehanna Valley’s Prime Aquifers

USGS: Shale Underlies Some of Susquehanna Valley’s Prime Aquifers

Portions of the Susquehanna River Valley aquifer in an area of New York that overlies the Marcellus and Utica shales are among the most favorable for potential large-scale groundwater supply, according to a U.S. Geological Survey (USGS) study.

March 15, 2013

New York Debate Enters New Stage as Fracking Rules Deadline Passes

As the state of New York missed Wednesday’s deadline to create regulations for high-volume hydraulic fracturing (HVHF), supporters and opponents of the practice took aim at Gov. Andrew Cuomo, anti-fracking lawmakers sought a one-year moratorium, and a landowners group said it would sue the state over the delay.

February 28, 2013

North Carolina Senate Passes Bill to Allow Fracking, Consider Offshore

The Domestic Energy Jobs Act (SB 76) was passed by the North Carolina Senate Wednesday, setting the stage for horizontal drilling and hydraulic fracturing (fracking) of oil and natural gas wells to begin in the state two years from now. It also encourages the governor to coordinate with South Carolina and Virginia for offshore drilling.

February 28, 2013

Canada’s Gas Shales Reportedly More Costly

A small handful of cold, hard numbers tells why Canadian unconventional natural gas is forced to rely on elusive Asian exports of liquefied natural gas (LNG) to thaw out drilling prospects.

February 11, 2013

Anadarko Onshore Experiments Drop Costs, Lift Output

Anadarko Petroleum Corp. is doing “a lot” of experimentation in the U.S. onshore to determine how best to drill unconventional wells to ensure optimized estimated ultimate recoveries (EUR). What the management knows for sure is that the bigger the hydraulic fractures (fracks) the more a well can recover, said CEO Al Walker.

February 11, 2013
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