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Bakken Rail Transport to Pick Up, State Official Says

Bakken Rail Transport to Pick Up, State Official Says

After several months of decline, rail transport of crude oil is likely to pick up during the rest of the year, according to North Dakota Pipeline Authority Director Justin Kringstad, who said the widening spread in global Brent and U.S. WTI oil prices will drive more shipments back to rail.

October 23, 2013

Four Deep Panuke Natural Gas Wells Producing

Encana Corp. now has four natural gas wells producing to sales at the Deep Panuke platform offshore Nova Scotia, the producer said Wednesday.

October 23, 2013
Bill Barrett Selling West Tavaputs, Cutting Debt

Bill Barrett Selling West Tavaputs, Cutting Debt

Denver-based Bill Barrett Corp. continued to increase its emphasis on oil over natural gas with an agreement to sell its West Tavaputs gas property in the Uinta Basin in Utah.

October 23, 2013
Berry Downplays Gas for Uinta, Permian Oil

Berry Downplays Gas for Uinta, Permian Oil

Denver-based Berry Petroleum Co. said Wednesday it expects to see its natural gas assets in the Piceance in Colorado and East Texas Haynesville/Bossier Shale decline this year as its continues to target its investment toward oil assets in the Uinta and Permian Basins.

October 23, 2013

Seneca’s Marcellus Brings More Output, Record Reserves

Seneca Resources Corp. credited the Marcellus Shale for “tremendous growth” during the fiscal fourth quarter, with production and reserves posting big gains — reserves to a record high — and a successful drilling program in Pennsylvania allowing it to raise production guidance for 2014.

October 23, 2013

Producer Drops Plans to Drill in Pennsylvania Township

A Michigan operator that wanted to drill for oil and gas in Bucks County, PA, is abandoning the effort and bringing a six-year-long legal battle to a close.

October 23, 2013

BHP Culling West Texas Assets Through Sales

BHP Billiton Inc. is selling a portion of its Permian assets in the Delaware and Midland basins in two separate packages representing 250,000 acres combined, as it high-grades its West Texas holdings.

October 22, 2013

Ultra Petroleum Acquires Oil Assets in Uinta Basin for $650M

Ultra Petroleum Corp. dipped its toe into the oil patch Monday, signing an agreement with an undisclosed seller to acquire oil-producing properties in northeast Utah, in the Uinta Basin, for $650 million, the company said Monday.

October 22, 2013

California House Republicans Weigh In on Fracking Law

A group of Republicans in the California congressional delegation led by Majority Whip Kevin McCarthy warned Gov. Jerry Brown last Thursday that implementation of the state’s new hydraulic fracturing (fracking) legislation (SB 4), signed into law last month, should not get in the way of the state’s oil/natural gas resurgence.McCarthy and 13 other Republican congressional representatives warned that the new regulation shouldn’t be an undue hindrance to the industry. Regulating the latest advanced drilling techniques should not hand-tie the industry, the congressional representatives told Brown.

October 22, 2013
EIA Launches Drilling Productivity Report

EIA Launches Drilling Productivity Report

It’s not how many rigs there are in the shale patch; it’s what they’re doing. As drilling productivity continues to climb, the industry has realized a simple rig count is a poor indicator of future production. Now the Energy Information Administration (EIA) is monitoring and reporting on drilling productivity.

October 22, 2013