Window

EV Energy Partners LP (EVEP) is working on “several other opportunities” in the Utica Shale, where it is continuing a dual strategy of offering its wet gas acreage for sale while also looking for joint venture (JV) partners to help de-risk the play’s oil window.

As oil production continues its steep climb in the Eagle Ford Shale, the South Texas play is on track to surpass the Bakken, the shale oil production leader, in the near term, an RBC Capital Markets analyst said Wednesday.

The window of opportunity for exporting liquefied natural gas (LNG) from North America is closing, making the slate of proposed projects increasingly risky and less lucrative; however, there still is room for North American gas in the Asia-Pacific market, according to the Canadian Energy Research Institute (CERI).

The window of opportunity for exporting liquefied natural gas (LNG) from North America is closing, making the slate of proposed projects increasingly risky and less lucrative; however, there still is room for North American gas in the Asia-Pacific market, according to the Canadian Energy Research Institute (CERI).

Royal Dutch Shell plc on Wednesday said it has completed its preliminary drilling program for this year in Alaska’s offshore.

The Utica Shale holds an estimated 38 Tcf of undiscovered, technically recoverable natural gas, or less than half that of the Marcellus Shale, according to the first assessment of the Appalachian Basin play by the U.S. Geological Survey (USGS). An estimated 940 million bbl of unconventional oil resources and 9 million bbl of natural gas liquids (NGL) also are trapped in Utica rock, said scientists.

Magnum Hunter Resources Corp.’s production in the Appalachian Basin remains “substantially curtailed” nearly three months after an unusually severe thunderstorm knocked out electricity service to much of the region, the Houston-based independent said Wednesday.

Royal Dutch Shell plc’s window to drill in Alaska’s offshore this summer is narrowing as it awaits federal approval for its oil spill containment barge, which would be moored near two drillships.

Low natural gas prices have stifled activity in the dry window of the Eagle Ford Shale in South Texas, but the play’s natural gas liquids (NGL) and crude windows “are hotbeds of activity,” according to veteran industry observer Rusty Braziel, now principal of RBN Energy.