E&P

Athlon Energy Inc. is buying 23,500 net acres in Texas counties Martin, Upton, Andrews and Glasscock for $873 million in cash…

Gulfport Energy Corp. reported Wednesday it expects production in 1Q2014 averaged 27,100 boe/d, in line with guidance, and more than half weighted to natural gas.

Even as work goes forward to implement new regulations (SB 4) in California on the use of hydraulic fracturing (fracking) by oil and natural gas companies, another bill to ban the practice (SB1132) cleared its first hurdle Tuesday in the state Senate.

The Appalachian Basin is still a puzzle, but there is no lack of enthusiasm for those trying to solve all the value it may hold.

Unusually cold weather that remained in place over portions of the country into the last days of winter helped drive working natural gas in storage to an…

The Marcellus Shale once again drove natural gas production higher at Consol Energy Inc. last quarter, when companywide production increased by 23% from the year-ago period to reach 48.4 Bcfe and nearly matched a quarterly record the company set in the final three months of 2013.

Unusually cold weather that remained in place over portions of the country into the last days of winter helped drive working natural gas in storage to an estimated 826 Bcf at the end of March, the lowest level in 11 years. But a rebuild of nearly 2,600 Bcf over the injection season is expected to push inventories up to 3,422 Bcf by the end of October, according to the Energy Information Administration (EIA).

More earthquakes jolted parts of central Oklahoma Saturday, prompting added speculation about the ties between the quakes and oil and natural gas drilling wastewater injection processes. Although small in magnitude — measuring 2.6-4.0 on the Richter Scale — the frequency of the tremors has already surpassed 2013 totals, according to the Oklahoma Geological Survey (OGS).

Odds increased Monday that drilling and hydraulic fracturing will eventually spread into Quebec's share of eastern shale deposits, when the Liberal party returned to power on a business-friendly campaign platform of encouraging job-creating economic growth.