Calgary-based Bellatrix Exploration Ltd. said its proved plus probable (2P) reserves grew 18% to 250 million boe at the end of 2014, as its annual production increased 74% — from 8.0 million boe at the end of 2013 to 13.9 million boe.
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Articles from E&P
Sunoco Withdraws Mariner East Requests For Public Utility Status
Sunoco Logistics Partners LP is no longer seeking public utility status for its Mariner East pipeline project, withdrawing the last of its requests with the Pennsylvania Public Utility Commission (PUC) for exemption from local zoning ordinances along the proposed route.
Pennsylvania Oil/Gas Drillers Facing Tighter Environmental Protection Standards
Oil and natural gas drillers in Pennsylvania would likely face more red tape under a comprehensive package of environmental regulations that top officials from the state Department of Environmental Protection (DEP) said Monday should be implemented by the Spring of 2016.
Whiting Petroleum Silent on Sale Rumors
Whiting Petroleum Corp. isn’t confirming Wall Street talk about a sale being afoot, and an analyst at BMO Capital Markets isn’t convinced that the Denver-based Bakken Shale producer is up for sale within three months of closing a $6 billion acquisition of Kodiak Oil & Gas Corp.
Lucas, Victory Enter Collaboration, Funding Agreements
One month after announcing their intention to merge, Houston-based Lucas Energy Inc. said it has entered into separate collaboration and funding agreements with Austin, TX-based Victory Energy Corp.
Gas-to-Liquids Technology Eyes Shale Play Flaring
With flaring an issue in North Dakota’s Bakken and other shale plays, emerging technologies, such as those from New Jersey-based Primus Green Energy Inc., offer the potential for operators to turn associated natural gas production into commercially viable liquid products, including gasoline and methanol.
Changes Predicted For Shale Gas Technology, EOR
A shakeup in the shale gas industry involving the acquisitions of technology providers and developers is coming this year, along with grudging growth in the enhanced oil recovery (EOR) sector, according to Mountain View, CA-based consulting/research firm Frost & Sullivan (F&S).
Don’t Count on ‘V’ Recovery For U.S. Onshore, Says Nabors CEO
Land drilling expert Nabors Industries Ltd. saw its average U.S. rig utilization rate drop to 78% in the fourth quarter, with its active domestic rig count down by one-third from the peak a year ago. Customers are “indifferent” to the types of rigs they are dropping, the company’s CEO said.
Texas Eastern Expansion Would Tag Marcellus, Utica, Eagle Ford
Spectra Energy Partners LP’s Texas Eastern Transmission LP has filed a certificate application at FERC for its 650,000 Dth/d Gulf Markets Expansion Project, which would provide capacity to move gas from the Marcellus/Utica shales in Appalachia and the Eagle Ford Shale in Texas to the Gulf Coast through the addition of bi-directional capability.
BNSF Train Loaded With Bakken Crude Derails, Burns in Illinois
A freight train operated by the BNSF Railway Co. and loaded with crude oil from the Bakken Shale derailed and caught fire near Galena, IL, on Thursday. There were no injuries.