About 90% of Sanchez Energy Corp.’s drilling and completion spending this year will target the Eagle Ford Shale, with the remainder going to the Tuscaloosa Marine Shale (TMS) where the company expects industry activity, and learning, to accelerate.
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Kinder Morgan Inc. (KMI) and its master limited partnerships added to their backlog of capital projects in 4Q2013 and also made in-roads along several fronts — especially in the Marcellus, Utica and Eagle Ford shales — while the natural gas segment drew impressive earnings for the quarter.
Federal safety investigators said Tuesday they have completed their on-site work regarding the twin oil tank rail derailments on Dec. 30 in Casselton, ND, and will continue their probe in Washington, DC.
The United States will be a global natural gas trading powerhouse by 2035 by which time the commodity’s market share will match that of oil and coal, BP plc’s top economist said Wednesday.
Last November was another record-setting month for North Dakota oil and natural gas production, but a slowdown is coming as the winter months are tallied up, according to Lynn Helms, director of the state Department of Mineral Resources (DMR), which released its most recent monthly statistics on Tuesday.
The eclectic coalition that has become Californians Against Fracking converged Tuesday in Sacramento, targeting the state’s oil/natural gas regulators who are working to implement a new set of statewide rules governing hydraulic fracturing (fracking). The protesters carried anti-fracking signs and delivered what a purported 100,000 signatures of citizens commenting on the state’s draft new rules.
In a move that may raise environmentalists’ criticism of the Heinz Endowments, Robert Vagt, the outgoing president of the Pittsburgh-based philanthropic organization, will step down next week to become chairman of Rice Energy Inc., an independent operator focused exclusively on the Appalachian Basin.
In the wake of two derailments involving tank cars loaded with crude oil, and concern over an expected increase in crude oil shipments by rail, Canadian regulators have proposed tougher construction standards for tank cars and additional certifications.