Shale Daily

Gulfport Energy Corp. reportedly has the best producing well to date in the Utica Shale, according to initial production (IP) data released by the Oklahoma City-based operator.

Production in North Dakota’s Bakken/Three Forks shale playscontinued to climb month over month in August, the most recent month for accumulating statistics, the North Dakota Department of Mineral Resources (DMR) reported. With more wells producing in August compared to the previous month (7,701 vs. 7,481), both crude oil and natural gas production exceeded July totals. Crude oil production reached 21.7 million bbl in August, compared with 20.9 million bbl in July. A number of wells remained idle as there were 8,495 wells capable of production in August, DMR said. As in recent months, the vast bulk of the production came from four counties: Dunn, McKenzie, Mountrail and Williams.

A research team led by the University of Texas at Austin (UT) is collaborating with nine natural gas producers on a major field study to measure methane emissions at onshore gas well sites, about which only a handful of empirical data exist.

A monumental shift in global oil demand and supply growth — with North America’s surging supplies exceeding earlier expectations — is redefining the industry and should transform international trade over the next five years, the International Energy Agency (IEA) said Friday.

The Pennsylvania Department of Environmental Protection (DEP) on Wednesday approved an air quality plan for construction of a gas-fired power plant, the first to be powered, at least in part, by natural gas harvested from the Marcellus Shale.

Bonus payments to landowners with oil and natural gas leases climbed to new highs during the third quarter, but they skyrocketed in Ohio’s Utica Shale, according to a survey by Farmers National Co. (FNC), a real estate management firm that also tracks data for landowners.

Surging shale oil reserves in the United States led BP plc to apparently secure permission, and Royal Dutch Shell plc to apply, for export licenses to ship U.S. crude oil supplies to Canada and possibly elsewhere.

A year-long study has concluded that hydraulic fracturing (fracking) in an urban oilfield in the Los Angeles area will not harm the environment.

Noble Energy Inc., whose exploration efforts are spread across the globe, on Thursday gave investors a peek at five frontier plays, including a promising unconventional find in an overlooked area of Nevada.