Denver-based Resolute Energy Corp. agreed sell its Gardendale assets in the Midland Basin of West Texas to an undisclosed buyer for $177.5 million. Proceeds will reduce debt and fund development in the Delaware Basin and in the Aneth Field of southeast Utah, the company said.
E&P
Articles from E&P
Proppant Technology Advance Eyed in Bakken Tests
A Texas-based proppant manufacturer for the hydraulic fracturing (fracking) sector said tests of a technology in the Bakken Shale in North Dakota resulted in a 39% production increase over a 90-day test period.
North American E&Ps in Bankruptcy Carry Estimated $13B in Debt, Firm Says
Thirty-six North American exploration and production (E&P) companies have filed for Chapter 11 bankruptcy protection to date this year and more are expected to file before the end of the year, according to a report by Haynes and Boone LLP.
INEOS Licenses Technology For Use at Proposed Ohio Ethane Cracker
INEOS Technologies has licensed its Innovene S Process, a slurry technology for the production of medium- and high-density polyethylene, to a subsidiary of PTT Global Chemical pcl (PTTGC), which is planning to build an ethane cracker in Ohio’s Belmont County.
NGI The Weekly Gas Market Report
EIA: Proved Natural Gas Reserves Again Set Record-High in 2014
Proved reserves of natural gas in the United States finished at 388.8 Tcf in 2014, setting a record high for the second consecutive year, the Energy Information Administration (EIA) said in a report published Monday.
Noble Postpones Launch of DJ Basin Midstream MLP
Just a week after announcing that it would launch a public offering of shares in a new limited partnership with interests in some of its Denver-Julesburg (DJ) Basin crude oil, natural gas and water-related midstream services, Noble Midstream Partners LP has postponed it.
Dartmouth Research Sees Major Employment Gains From Shale Development
Backing claims of the economic benefits of shale drilling, a recent study conducted by Dartmouth College researchers concluded that unconventional oil and gas development has paid dividends for the surrounding regions.
PennEast FERC Filing Responds to Environmental Objections
In a FERC filing last week, PennEast Pipeline Co. LLC issued a detailed response to a long list of comments made in opposition to its project.
U.S., Canada Give Up 10 Rigs Each
The United States and Canada each lost a net of 10 rigs, according to the most recent Baker Hughes tally for the week ending Nov. 20. All of the departing U.S. rigs were oil-directed. However, in Canada nine natural gas-directed rigs left, but only one oil-focused unit departed.
PA Court Orders $5M-Plus Bond For Drilling Opponent Appeal to Advance
In another land-use victory for Denver-based Inflection Energy LLC and other Pennsylvania shale drillers, a common pleas court judge has ordered a drilling opponent to post a nearly $6 million bond to proceed with an appeal against the company’s development plans.