ExxonMobil Corp. on Wednesday announced plans to invest close to $190 billion over the next five years to more than double exploration acreage in proven and emerging oil-rich areas to boost underperforming output and earnings.
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Eagle Ford-Focused Rosetta Set Production Record Last Year
The Eagle Ford Shale continued to drive results for Houston-based Rosetta Resources Inc. last year, leading the company to record production, reserves and cash flow.
Pennsylvania Revamps NatGas Air Permits, Proposes Enviro Controls
Pennsylvania’s Department of Environmental Protection (DEP) has finalized revisions to general permits for natural gas-fired engines and equipment at compressor stations, which are “75-90%” stricter than current limits for the largest, most common types of engines used at compressor stations. DEP also is suggesting revisions to one section of the air quality permit exemption list governing well drilling sites.
FERC Extends Comments on Quarterly Gas Reporting
FERC has extended until Feb. 12 the deadline for comments on its notice of inquiry (NOI) on whether to require quarterly reporting of jurisdictional next-day and next-month transactions under the Natural Gas Act in order to increase transparency in the wholesale natural gas market.
FERC Extends Comment Deadline on Quarterly Gas Reporting NOI
FERC has extended until Feb. 12 the deadline for comments on its notice of inquiry (NOI) on whether to require quarterly reporting of jurisdictional next-day and next-month transactions under the Natural Gas Act in order to increase transparency in the wholesale natural gas market.
Analysts: Ethane Surplus Could Last Through 2016
The Marcellus Shale, among other regions, could see persistent ethane rejection until the market comes back into balance, according to analysts at Raymond James & Associates Inc.
Decades-Long Alaska Gasline Effort Memorialized in E-Library
Presidents don’t get their own libraries until after they leave office; however, Alaska’s multiple proposed projects for North Slope natural gas pipelines now have a digital library, even though not one of them has been built yet.
Raymond James: 2013 Natural Gas Prices Hinge on Coal Switching
Gas-to-coal switching, which has drained some of the excess domestic gas stores, will tell the tale about 2013 natural gas prices, with gas expected to continue to gain in the first six months, while coal regains some of its losses in the second half of the year, according to Raymond James & Associates Inc.
Chesapeake Still ‘Battling Natural Gas Headwinds,’ Says McClendon
Chesapeake Energy Corp. can see some daylight following the deluge of U.S. natural gas, but it won’t be until the end of the year that the producer is able to report a decline in domestic output, CEO Aubrey McClendon said Friday.
API: USGS Results in Pavillion Cast Doubt on EPA Water Tests
Results from recent U.S. Geologic Survey (USGS) water quality testing in U.S. Environmental Protection Agency (EPA) monitoring wells in Pavillion, WY, “raise serious questions about the adequacy of EPA practices in drilling monitoring wells and testing water samples,” said Erik Milito, American Petroleum Institute (API) upstream director.