Walker

After securing pledges of commitment to the Alaska LNG project from North Slope producers BP plc and ConocoPhillips, Gov. Bill Walker has dropped his plan to introduce legislation to create a reserves tax during a special session of the state legislature now in progress.

The natural gas infrastructure and market dynamics are likely to be altered significantly, operators said Tuesday in Chicago, if the on-going series of east-to-west projects continue to be built from the Marcellus and Utica shales to send new supplies to the Midwest, Canada and Gulf Coast markets.

Anadarko Petroleum Corp., it would appear, followed the advice…

Anadarko Petroleum Corp., it would appear, followed the advice (in more ways than one) of Ralph Waldo Emerson, who said, “Fractures well cured make us more strong.” Faced with low commodity prices, the super independent turned to better drilling, improving efficiencies and output across the board while lowering costs during the first quarter.

EV Energy Partners LP (EVEP) said it plans to cut its capital expenditures (capex) by 40% this year and is “accelerating” the sale of its stake in Utica East Ohio (UEO) midstream, but the company will delay selling some of its acreage in the Eagle Ford and Utica shales due to low oil and natural gas prices.

EOG Resources Inc. has struck a joint exploration and development agreement with Eaglebine formation partners ZaZa Energy Corp. in Walker, Grimes, Madison, Trinity and Montgomery counties, TX.

EOG Resources Inc. has struck a joint exploration and development agreement with Eaglebine formation partners ZaZa Energy Corp. and Range Resources Corp. in Walker, Grimes, Madison, Trinity and Montgomery counties, TX.

“The land grab of 2008 is over” in many of the major natural gas shale formations across the United States, said an energy analyst with New York-based Jeffries & Co. Inc. last week.