After capturing a healthy and growing share of Canadian natural gas consumption with shale production from the United States, exploration and production companies are poised to repeat the feat in oil markets.
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Articles from Bakken Shale
New Marathon CEO: ‘Running Room’ in Bakken, Eagle Ford
At a torch-passing of sorts Wednesday, both outgoing and incoming CEOs for Marathon Oil Corp. had plenty to say about the Bakken and Eagle Ford shale plays, but new CEO Lee Tillman spoke more loudly about future opportunities during a second quarter earnings conference call in which results were said to be up sharply.
EOG Increases Production Growth Estimate on Eagle Ford Strength
Production of crude oil, condensate, natural gas liquids (NGL) and other liquids was up 30% in 2Q2013 at EOG Resources compared with 2Q2012, and the Houston-based company expects significant increases to come in the full year 2013.
North Dakota Cracks Down on Improper Wellsite Waste Dumping
Levying the largest civil penalty ever — $1.5 million — for an oil and natural gas violation, the North Dakota Industrial Commission (NDIC) last Wednesday found a small operator, Halek Operating ND LLC, guilty of violating state standards for disposing of salt water, a byproduct of oil production, in an injection well.
WPX Adds San Juan Basin to Growing List of Targets
WPX Energy has achieved its second exploratory success of the year, this time from the Mancos Gallup Sandstone formation in the oil window of Northwest New Mexico’s San Juan Basin, company management said during an earnings conference call.
Eagle Ford, Bakken, Permian Production Soars 47% for ConocoPhillips
ConocoPhillips saw its combined production in the Permian Basin, Eagle Ford and Bakken shales nearly double during 2Q2013, and it expects to see future growth from its holdings as it transitions to multi-well pad drilling and experiments with tighter well spacing and hydraulic fracturing (fracking) stages.