Upgraded

Tropical Storm Hermine Stalled in GOM; 10.2 Bcf Remains Shut-In

Tropical Storm Hermine — upgraded from Tropical Depression Nine on Wednesday afternoon — was nearly immobile about 395 miles south-southwest of Apalachicola, FL, but forecasters expected it to begin moving to the northeast on Thursday.

August 31, 2016

Chesapeake Making Progress, Now ‘Stable,’ Says Moody’s

Chesapeake Energy Corp.’s credit rating was upgraded last week by Moody’s Investors Services to “stable” from “negative” because of progress made to reduce capital spending (capex) and improve liquidity.

June 10, 2013

Chesapeake Making Progress, Now ‘Stable,’ Says Moody’s

Chesapeake Energy Corp.’s credit rating was upgraded on Tuesday by Moody’s Investors Services to “stable” from “negative” because of progress made to reduce capital spending (capex) and improve liquidity.

June 5, 2013

Moody’s Notes Chesapeake’s Progress, Raises Rating

Chesapeake Energy Corp.’s credit rating was upgraded on Tuesday by Moody’s Investors Services to “stable” from “negative” because of progress made to reduce capital spending (capex) and improve liquidity.

June 5, 2013
Western Canada’s Unconventionals Seen Doubling Oil Output by 2025

Western Canada’s Unconventionals Seen Doubling Oil Output by 2025

Western Canada’s oil production should hit 5.7 million b/d by 2025, which is double the current output, boosted by unconventional growth from the oilsands and shale formations, according to ITG Investment Research (IR). Unconventional natural gas production also is seen lifting gas supplies by 3 Bcf/d from current numbers.

March 28, 2013

Industry Brief

Linde North America has upgraded its carbon dioxide (CO2) plants in Corpus Christi, TX, and Woodward, OK, to better serve the Midcontinent and Eagle Ford Shale regions with expanded CO2 availability. “Linde has brought these plants on stream to supply the surging demand for CO2 in the oil and gas industry,” said Lauren Porambo, CO2 product manager. “The use of CO2 in fracturing completions displaces the use of water, reduces formational damage and enhances well production.” CO2 is injected in a liquid state and converts to a gaseous state down-hole, mitigating formational damage and fluid on formation, while enhancing well clean-up and flow-back, Linde said. Conventional liquid pumps are used, so service companies require no specialized equipment.

October 17, 2012

Unit Petroleum Doubles Granite Wash Acreage with Noble Deal

Unit Petroleum Co., a subsidiary of Unit Corp., has agreed to pay $617 million to Noble Energy Inc. for oil and natural gas properties in western Oklahoma and the Texas Panhandle. The deal doubles Unit’s acreage in its Granite Wash core area.

July 12, 2012

Springville Gathering Pipeline Begins Service in Pennsylvania

Williams Partners LP (WPZ) said Thursday it has started up the Springville natural gas gathering pipeline, one of the building blocks in its plan to secure large-scale infrastructure in the capacity-constrained Marcellus Shale. Springville initially would help deliver 300 MMcf/d to Northeast markets.

January 23, 2012

Upgraded Hurricane Irene Sets Sights Further North

Hurricane Irene, which was upgraded to a Category Three hurricane Wednesday morning, is expected to continue to strengthen as it moves away from the Bahamas, turning to a more northerly track and more closely approaching the coastline in the Mid-Atlantic or New England sometime this weekend, according to the National Hurricane Center (NHC).

August 25, 2011

FERC’s Norris: Much of U.S. Pipelines Eligible for AARP

Aging pipeline infrastructure will need to be replaced and/or upgraded to support the nation’s transition to heavier reliance on natural gas, FERC Commissioner John Norris said Tuesday.

June 23, 2011
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