Unlock

Marcellus Changing Game For Some Producers; Some Still Lag

Marcellus Changing Game For Some Producers; Some Still Lag

The Marcellus Shale today is the largest U.S. natural gas production region, with output of more than 7 Bcf/d, which has led to a “significant, positive” impact on early movers, but some operators continue to underperform share-wise in the play, according to IHS Inc.

March 19, 2013

Shell CEO: Shale Output Will Continue to Hold Down NatGas Prices

Production from North American shale plays will continue to keep natural gas prices from increasing significantly any time soon, Royal Dutch Shell plc CEO Peter Voser told financial analysts in London Thursday.

February 4, 2013

Industry Brief

McMoRan Exploration Co. remains stymied in efforts to unlock production from the Davy Jones No. 1 well in the Gulf of Mexico’s shallow waters after operations designed to unblock perforations using a propellant stimulation gun had “limited success.” The New Orleans-based producer now plans to reperforate the well on South Marsh Island Block 230 with electric wireline using tubing guns. Davy Jones, which McMoRan operates, is part of an ultra-deep natural gas structure encompassing 20,000 acres on four blocks of the Outer Continental Shelf. In late November McMoRan said it still was struggling to bring the prospective No. 1 well online, which was supposed to be flowing 50 MMcf/d last summer (see Daily GPI, Nov. 28). McMoRan holds a 63.4% working interest with Energy XXI (15.8%); JX Nippon Oil Exploration (Gulf) Ltd. (12%); and Moncrief Offshore LLC (8.8%). In early December Freeport-McMoRan Copper & Gold Inc., whose top executives also run McMoRan, agreed to to buy the company, as well as Plains Exploration & Production Co., for $9 billion (see Daily GPI, Dec. 6).

December 31, 2012

Judge: Ohio Landowners Can Accept Better Leases Under Certain Terms

An Ohio judge has ruled that landowners who signed oil and natural gas leases with Chesapeake Exploration LLC have the right to accept better offers from competitors, as long as the original lease is in the primary term, drilling hasn’t started and Chesapeake fails to match the offer.

December 17, 2012

BP Readies Project to Unlock Frontier Deepwater Resources

BP plc has awarded the first contracts for Project 20K, a multi-year initiative to develop next-generation systems and tools to unlock the next frontier of deepwater oil and gas resources that currently are “beyond the reach of today’s technology.”

November 13, 2012

DCP Midstream Doubling Up for DJ Basin Production

DCP Midstream LLC is in the process of doubling its natural gas processing capacity in the Denver-Julesburg (DJ) Basin by the end of 2014 as drilling and completion technologies unlock more gas, the company said.

August 8, 2012

Susquehanna Supply Hub Readied by Williams

Williams is seeing “a lot of demand for increased growth” in the Northeast and is ready “to take advantage” with a bevy of major infrastructure expansion projects, CEO Alan Armstrong told investors on Thursday.

February 27, 2012

ExxonMobil Exec: Potential for Shale Gas, Oil Is Everywhere

The shale rocks that are reconfiguring the North American energy landscape eventually will be unearthed around the world, albeit at a much slower pace, but the economic impacts will be gigantic, an ExxonMobil Corp. executive said Tuesday.

November 9, 2011

GasMart 2011: Finding the Sweetest Sweet Spot Through Drilling Technology

New and continuously improving drilling technologies have handed producers the keys to unlock more onshore natural gas and oil reserves with fewer wells and at a lower cost, but today’s innovations have only scratched the rock’s surface, a Schlumberger Ltd. executive said recently.

May 23, 2011

GasMart 2011: Technology Pinpoints Sweetest Sweet Spot

New and continuously improving drilling technologies have handed producers the keys to unlock more onshore natural gas and oil reserves with fewer wells and at a lower cost, but today’s innovations have only scratched the rock’s surface, a Schlumberger Ltd. executive said recently.

May 23, 2011
‹ Previous 1 2