E&P

The United States is set to join the “legion” of liquefied natural gas (LNG) exporters on the surge of production from the shale boom, setting up a significant change to global markets, the International Monetary Fund (IMF) said in its latest World Economic Outlook.

Operations at Antero Resources Corp.’s Primm Pad in Doddridge County, WV, remain at a standstill after the company inadvertently breached a producing well while drilling another there two weeks ago.

An entrepreneur with roots in coalbed methane and his company are seeking collaborators to further test a technology that detects, identifies and quantifies hydrocarbons in shale oil and gas wells.

The third quarter proved to be a quiet period for global oil and gas merger and acquisition (M&A) transactions compared to the previous three months of this year, but 2014 continues on track for stronger spending than in 2013 on the strength of U.S. dealmaking, specifically because of the Permian Basin.

Chevron Corp. is selling a nearly one-third stake in its Duvernay Shale project in west-central Alberta to a unit of Kuwait Foreign Petroleum Exploration Co. (KUFPEC) for $1.5 billion.

Natural Resource Partners LP (NRP) has agreed to pay Kaiser-Francis Oil Co. $340 million to increase its oil and gas holdings in the Bakken/Three Forks formation of the Williston Basin.

The Pennsylvania Emergency Management Agency (PEMA) has been ordered to release detailed information about crude oil rail shipments throughout the state from North Dakota’s Bakken Shale after three news media organization’s requested the disclosures over the summer.

Two of the biggest onshore operators in the United States, Anadarko Petroleum Corp. and EOG Resources Inc., will disclose information on the financial risks posed to their investors associated with hydraulic fracturing (fracking) under an agreement reached Friday with the New York Office of the Attorney General (OAG). The settlement comes on the heels of ExxonMobil Corp.’s first unconventional drilling risk report, which was issued voluntarily to investors this week.

Strong drilling, production and permitting activity drove the Texas Petro Index (TPI) to another record in September, with oil and gas industry employment hitting its highest level since the index was founded in 1995.