Shale Daily

The recent propane crisis, which involved shortages of the heating fuel in the Midwest and Northeast prompted by unusually frigid winter weather, could actually result in a stronger propane industry, according to RBN Energy’s Callie Mitchell.

A ballot initiative under consideration in Colorado would give local governments control over oil and gas development. More than 50 local elected officials have sent a letter to Gov. John Hickenlooper expressing their support for the initiative.

While raising estimated ultimate recoveries (EUR) in its Williston Basin and East Texas Eagle Ford plays Houston-based Halcon Resources Corp. has added the Tuscaloosa Marine Shale (TMS) as a third core area.

With 20 rigs running across the Marcellus and Utica shale plays, Antero Resources Corp. is undoubtedly the Appalachian Basin’s most active operator, and even with triple-digit production growth last year, the company has no plans to slow down anytime soon.

At the close of a turbulent year, EXCO Resources Inc. ended 2013 with production decreases and a rising tide of red ink, but moves it made in the Eagle Ford Shale last year may be the light at the end of the tunnel, company officials said.

Houston-based Halcon Resources Corp. has raised estimated ultimate recoveries (EUR) in its Williston Basin and East Texas Eagle Ford plays through increase drilling and completion efficiencies, particularly slickwater fracks, executives said Thursday.

U.S. natural gas production was 2.56 Tcf in November, up from 2.47 Tcf in November 2012, and was on pace to set a record high for all of 2013, according to the Energy Information Administration’s (EIA) latest Monthly Energy Review (MER).

Rail carriers must test crude oil to ensure that it is properly classified before transport, and are prohibited from using the weakest packing classification for crude, under an emergency order issued by the U.S. Department of Transportation (DOT).

With 2013 in the rear-view mirror, Range Resources Corp. plans to spend more this year on a continuing strategy aimed at growing reserves and doubling production every four years, as the company’s top executive believes the Marcellus Shale drilling program is still in the “early innings.”