E&P

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.

A report Monday that the U.S. Commerce Department has queried companies seeking authority to export condensate should not get export proponents too excited thinking that clarity on the issue will be forthcoming from Washington, DC, ClearView Energy Partners LLC analysts said in a note.

U.S. Secretary of Energy Ernest Moniz, who has characterized natural gas as a “low-carbon bridge to a zero-carbon” future, appeared to disagree with an interviewer positing that gas was “just a bridge to more natural gas,” and reiterated the Obama administration’s commitment to an all-of-the-above energy strategy.

Marcellus heavyweight EQT Corp., one of Pennsylvania’s leading producers, is in a showdown with the state Department of Environmental Protection (DEP) over a 2012 impoundment leak that finds it facing a $4.53 million fine and six separate criminal charges in Commonwealth Court.

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.

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.