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Point Thomson Project Advances on Corps Approval

The U.S. Army Corps of Engineers last week issued a record of decision (ROD) and Section 404 wetlands permit that were needed for the Point Thomson liquid condensate project led by ExxonMobil Corp., to begin construction this winter on Alaska’s North Slope.

October 30, 2012

Production Booming, Profits Slipping, Range Eyes Wetter Marcellus

Range Resources Inc., which two years ago turned away from the Barnett Shale and toward the Marcellus Shale, saw its overall production boom in 3Q2012, based in large part on a surge of Marcellus gas, according to CEO Jeff Ventura.

October 26, 2012

Key Onshore Gas Plays Under Microscope in Emissions Study

A research team led by the University of Texas at Austin (UT) is collaborating with nine natural gas producers on a major field study to measure methane emissions at onshore gas well sites, about which only a handful of empirical data exist.

October 15, 2012

Chesapeake Markets Granite Wash, Hogshooter Acreage

Chesapeake Energy Corp. is looking for buyers for some land in Western Oklahoma’s emerging Granite Wash and Hogshooter plays, according to Meagher Energy Advisors.

October 12, 2012

Industry Brief

Rapid City, SD-based Black Hills Corp. closed a previously announced $243 million sale of approximately 85% of Bakken and Three Forks shale assets in the Williston Basin held by its Black Hills Exploration & Production Inc. (see Shale Daily, Aug. 27). The sale was effective July 1. CEO David Emery said the sale will allow the energy holding company to reduce its overall debt and fund growth projects. Black Hills also said it intends to redeem $225 million of senior unsecured 6.5% notes that were scheduled to mature May 15, 2013.

October 1, 2012

TransCanada, Ontario Power Authority Plan Gas-Fired Power Plant

Nearly two years after plans for a natural gas-fired generating station in Oakville, ON, were canceled by the provincial government, TransCanada Corp. has signed a memorandum of understanding with the Ontario Power Authority (OPA) to develop, own and operate a 900 MW gas-fired power plant at OPA’s Lennox Generating Station in Bath, on Lake Ontario’s northern shore.

September 25, 2012
Big Incentives for Producers to Reduce Water Use, Say Execs

Big Incentives for Producers to Reduce Water Use, Say Execs

Environmental questions and high costs for water have created a big headache for unconventional oil and gas producers, but it won’t take long before those problems are turned into opportunities for other businesses, according to industry executives.

September 25, 2012

Environmental Groups Want West Virginia Moratorium on Gas Drilling

A coalition of environmental groups is calling on Gov. Earl Ray Tomblin to enact a moratorium on natural gas drilling in West Virginia until the industry and regulators with the state Department of Environmental Protection (DEP) meet several conditions.

September 17, 2012
Eagle Ford Gets Another 300 MMcf/d of Processing Capacity

Eagle Ford Gets Another 300 MMcf/d of Processing Capacity

Enterprise Products Partners LP has started operation of the second 300 MMcf/d train at its Yoakum cryogenic gas processing plant in Lavaca County, TX. The facility handles production from the Eagle Ford Shale in South Texas.

September 11, 2012

Obama: Democrats Offering a ‘Better Path’ on Energy

In his acceptance speech for the Democratic nomination for a second term, President Obama Thursday said Democrats were offering the nation a “better path” on energy — one that will continue to focus on renewable energy, develop abundant natural gas supplies, give producers more access for domestic onshore oil and gas exploration, reduce foreign oil imports and cut carbon pollution.

September 10, 2012