Devon Energy Corp. will drill more wells in North America’s onshore this year than it originally planned, with an eye on discovering another emerging play, company executives said Tuesday.
Vertical
Articles from Vertical
Dejour to Drill Niobrara Vertical Test Well in May
Dejour Energy Inc. announced last Monday that it plans to drill its first vertical test well into the Niobrara formation of the Mancos Shale play in May.
Dejour to Drill Vertical Test Well into Niobrara in May
Dejour Energy Inc. announced Monday that it plans to drill its first vertical test well into the Niobrara formation of the Mancos Shale play in May.
Marcellus Shale Was Star of EQT 2010 Results
EQT Corp. grew its proved natural gas reserves by 28% in 2010, ending the year with 5,220 Bcfe. The growth came due to drilling in the Marcellus Shale, continuing improvement in the estimated ultimate recovery of Marcellus wells, as well as an increase in the projected number of wells to be drilled in the Marcellus over the next five years, EQT said.
Southwestern to Cut Spending, Sharpen Focus on Fayetteville Shale
Southwestern Energy Co. will devote $1.9 billion to its capital investment program in 2011, down 10% compared with $2.1 billion in 2010, with most of it continuing to be spent on operations in the Fayetteville Shale where the Houston-based producer expects to see a significant increase in production.
Gastem: Initial Marcellus Tests Successful
Montreal-based producer Gastem Inc. said Thursday its Ross No.1 vertical well in the New York portion of the Marcellus Shale has been completed and is testing 150 MMcf/d after four weeks of “extended flow.”
Barclays Says U.S. E&Ps to Spend More in Oily Shales, Less in Gas
U.S. exploration and production (E&P) companies that have taken a shine to the oily shale plays are boosting their capital expenditures (capex) in 2011, while the gas-focused shale operators are reining in the spending, according to a survey by Barclays Capital.
Former New York DEC Chief to Counsel Conservation Group
The former chief of the New York Department of Environmental Conservation (DEC), who was ousted in October by Gov. David Paterson, has joined an environmental conservation group that has questioned the state’s ability to regulate shale gas extraction.
Animated Maps Show Marcellus Up Close and Personal
The pace and extent of development in the Pennsylvania portion of the Marcellus Shale now may be “seen” in animated maps produced by the Penn State Marcellus Center for Outreach and Research, officials said Tuesday.
Industry Briefs
EnCana Corp. said Thursday that it intends to consolidate its corporate structure through a vertical short-form amalgamation with its subsidiary Alberta Energy Company Ltd. (AEC). EnCana said the amalgamation will not require any public securityholder vote. The company said the consolidation is expected to be effective on Jan. 1, at which time, EnCana will be the successor issuer in respect of AEC’s previously issued debt securities and will be responsible for all of AEC’s contractual obligations. The amalgamation is subject to the receipt of all necessary consents and regulatory approvals. EnCana said it would comment more after the first of the year.