E&P

Devon Energy Corp. expects to achieve 14% more production this year than it did in 2013, a 3% higher forecast from a few months ago, after surpassing expectations from Texas oilfields during the third quarter.

Defeat of an anti-drilling measure in Santa Barbara County, CA, and the re-election of Colorado Gov. John Hickenlooper on Tuesday provided new encouragement to industry-backed supporters of hydraulic fracturing (fracking) and continued development of the nation’s unconventional energy resources.

Concern about crude oil rail accidents has drawn the attention of regulators and the public, but more Bakken Shale crude oil today is, for the first time, being transported into California via barge, according to the California Energy Commission (CEC).

Nearly 59% of voters in Barnett Shale town Denton, TX, chose to ban hydraulic fracturing (fracking), making it the first Texas city to do so. An oil and gas trade association immediately sought an injunction. The stage is set for lawsuits from mineral owners and energy companies.

Plains All American Pipeline LP and Enterprise Products Partners LP are constructing a condensate gathering system into their Three Rivers, TX, terminal and doubling the mainline capacity of their Eagle Ford Joint Venture (JV) Pipeline from Three Rivers to Corpus Christi, TX.

Tuesday’s midterm elections produced mixed results for the future of shale gas development in the Appalachian Basin, but the spotlight was overwhelmingly fixed on Democratic Governor-elect Tom Wolf’s defeat of Republican incumbent Gov. Tom Corbett and its implications for the industry.

A study released by the Duke University Energy Initiative found that oil and gas production is generating significant revenue for local governments in eight states with active shale development, providing them with adequate funds to handle the increased costs associated with industry development.

Calgary-based Aux Sable Liquid Products LP plans to spend $130 million to increase processing capabilities at its facilities in Channahon, IL.

SandRidge Energy Inc. said Tuesday it will delay filing its 3Q2014 report until it has resolved a “routine review” by the U.S. Securities and Exchange Commission (SEC), which could result in restating almost two years of earnings results.