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BERLIN (Bloomberg) -- German groups campaigning against hydraulic fracturing for natural gas handed a petition of 660,000 signatures to Environment Minister Barbara Hendricks seeking to outlaw use of the technology. “There are no good reasons for fracing but large risks for the environment and people’s health,” Ann-Kathrin Schneider of environmental group BUND said Sept. 30 in a statement as the petition was passed to Hendricks in Berlin.
STAVANGER, Norway -- Statoil and Shell have been awarded the Timissit Permit license in the Illizi-Ghadames basin onshore Algeria. The license is located in southeastern Algeria and covers an area of 2,730 sq km. Statoil bid in partnership with Shell, where Statoil will be the operator with 30% equity, Shell will hold 19% equity and the remaining 51% will be held by Sonatrach.
WASHINGTON, D.C. -- Increased drilling and improved drilling efficiency have led to significant crude oil production increases in the Eagle Ford region in southern Texas, the U.S. Energy Information Administration’s Today in Energy reports.
CALGARY, Alberta -- Encana Corporation has agreed to buy Texas-based Athlon Energy for $7.1 billion as the Canadian company seeks to boost oil production. The acquisition will add Athlon' s land position of approximately 140,000 net acres focused solely in the heart of the oil-rich Midland basin to Encana' s portfolio.
PITTSBURGH, Pennsylvania -- Atlas Resource Partners (ARP) is to acquire oil assets in the Eagle Ford shale in south Texas for $225 million. The assets consist of 22 producing wells and 19 undeveloped locations containing estimated net reserves of approximately 12 MMboe.
SYDNEY (Bloomberg) -- AWE Ltd. may start initial production at its Senecio and Waitsia fields as soon as 2016 after announcing what may be the largest onshore natural gas discovery in Western Australia since the 1960s. The project could supply as much as 10% of the West Australian market in the next 10 to 20 years, Bruce Clement, managing director of the Sydney-based oil and gas explorer, said Sept. 25 in a phone interview.
WASHINGTON, D.C. -- Increasing production of crude oil in the Permian basin in western Texas, and parts of New Mexico, has outpaced pipeline infrastructure to move the crude to refineries, causing prices for crude in the basin (at Midland, Texas) to fall below similar crudes priced at Cushing, Oklahoma, the Energy Information Administration has reported.
Schramm offers 24 7 service for active U.S. plays WEST CHESTER, Pennsylvania – Schramm Inc., a manufacturer of land based hydraulic drilling rigs, has announced a partnership with FEMCO, an aftermarket parts manufacturer and emergency repair services provider, to support
HOUSTON (Bloomberg) -- Carbo Ceramics Inc., the largest supplier of man-made proppants for the oil and natural gas industry, said sales of its synthetic fracing material fell as customers used more sand. Third-quarter sales of ceramic proppant will fall 18% from the prior quarter, matching first-quarter levels, the Houston-based company said in a statement Sept. 22. The company reported sales of 454 million pounds in the second quarter.
WASHINGTON, D.C. (Bloomberg) -- U.S. crude production climbed to the highest level in more than 28 years last week as the shale boom moved the country closer to energy independence. Output rose 248,000 bpd to 8.838 million, the most since March 1986, according to Energy Information Administration data. The combination of horizontal drilling and hydraulic fracturing has unlocked supplies from shale formations in the central U.S., including the Bakken in North Dakota and the Eagle Ford in Texas.
DENVER, Colorado -- Bill Barrett Corp. has signed purchase and sale agreements with several undisclosed purchasers for the sale of the majority of its Powder River basin acreage and its remaining position in the Gibson Gulch natural gas program in the Piceance basin. The transactions include an acreage exchange whereby Bill Barrett acquires 7,856 net acres and 390 boed net production within the southern block of its operated Northeast Wattenberg area in exchange for acreage in the Powder River basin.
Canacol secures partners and funding to bid for Mexico fields ANDREW WILLIS CALGARY (Bloomberg) Canacol Energy Ltd., a Canadian company exploring for oil and gas in Latin America, is set to bid for Mexican fields after obtaining funding from private
WEATHERFORD, Texas (Bloomberg) -- Homes in a Texas community face worsening water contamination caused by nearby gas production, according to a study released Sept. 15. The findings from an analysis by independent academics rebut statements by driller Range Resources Corp. and state regulators, who have said their evidence shows gas drilling wasn’t responsible for the presence of explosive methane in the homeowners’ water wells. Separate testing that found evidence of contamination from drilling at seven areas in Pennsylvania also was included in the study.
HOUSTON -- Baker Hughes has announced the commercial release of the FLEXPumpER extended-range pump, which expands the operating range of a single ESP system. The new pump operates efficiently in a wider flow range to improve production and reduce operating costs, particularly in the dynamic production conditions characteristic of unconventional resource plays.
HOUSTON -- Tendeka has announced the launch of FracRight, a complete heel-to-toe hydraulic fracturing system. Integrated with Tendeka’s real-time DTS monitoring and Quest software suite, the system enables the collection and analysis of stimulation data in unconventional reservoirs.
WASHINGTON, D.C. -- The Powder River basin is experiencing a turnaround in oil production, according to EIA’s Today in Energy report. Production has rebounded from a low of 38,000 bpd in 2009 to 78,000 bpd during first-quarter 2014. Although U.S. oil production growth is occurring primarily in the Bakken, Eagle Ford, and Permian basins, the Powder River basin is among other regions of the country that have also benefitted from the application of horizontal drilling and hydraulic fracturing.
DALLAS, Texas -- Regency Energy Partners and Aubrey McClendon’s American Energy - Midstream (AE-MidCo) have entered into a JV agreement for the construction and operation of Regency’s previously announced Utica Ohio River Project. In addition, Regency and American Energy - Utica (AEU) will enter into a gathering agreement for gas produced from the Utica shale in eastern Ohio by AEU. Regency and AEU will contribute all previously signed agreements to the JV. These agreements include volume commitments and large acreage dedications.
Encana selling controlling stake in PrairieSky for $2.4 billion REBECCA PENTY CALGARY (Bloomberg) Encana, Canada’s second largest natural gas producer, is selling its controlling stake in PrairieSky Royalty Ltd. for $2.4 billion following the unit’s initial public offering. PrairieSky generates
FREMONT, California (Bloomberg) -- Glasspoint Solar Inc., a closely held producer of solar equipment used for enhanced oil recovery, received $53 million from a group of investors led by Royal Dutch Shell Plc and Oman’s largest sovereign wealth fund.
NEW YORK (Bloomberg) -- Royal Dutch Shell Plc, which signed the first shale-gas production sharing contract in China, will trim its project in Sichuan province because of geological challenges and the area’s dense population. The Anglo-Dutch company along with China National Petroleum Corp. had planned billions of dollars in investment from this year to meet the country’s energy demand, the world’s largest. Shell now plans to focus chiefly on the development of the Changbei tight gas field in the Shaanxi region.
DALLAS (Bloomberg) -- Aubrey McClendon, the U.S. shale gas pioneer fired from Chesapeake Energy Corp. last year, plans to take public the exploration companies he has formed since. McClendon, who has raised about $10 billion to acquire gas fields in the past 16 months, told a conference in Dallas Sept. 4 that he intends to start a collection of companies that each specialize in a single U.S. shale region.
BRISBANE, Queensland -- Linc Energy has commenced operations as part of its three well drilling program in the Arckaringa basin in South Australia. The three well locations have been selected following a lengthy and ongoing field appraisal study headed by Baker Hughes. This drilling program is focused on the Boorthanna Trough, which formed the basis for the majority of the prospective resources separately identified by Gustavson Associates and DeGolyer and MacNaughton.
RIYADH (Bloomberg) -- After years of keeping the price of crude sold to the U.S. low enough to maintain market share, Saudi Arabia is losing ground as the shale boom leaves U.S. refiners with ample supplies of inexpensive domestic oil. Arab Light crude for sale in the U.S. averaged 48 cents a barrel less than Light Louisiana Sweet, a Gulf Coast benchmark, in August, the narrowest discount in data compiled by Bloomberg back to 1991. The U.S. imported 878,000 bbl of Saudi crude a day in the first four weeks of August, the least since 2009.
BAGHDAD (Bloomberg) -- Iraq’s central government is denying the Kurds the right to export oil independently because it doesn’t want to set a precedent for the country’s other crude-rich region to seek autonomy, according to Luay Al-Khatteeb, an adviser to the parliament of Iraq for energy policy and a visiting fellow at the Brookings Doha Center.
ERBIL, Kurdistan (Bloomberg) -- Oil companies are resuming work in Kurdistan as security improves in the Iraqi autonomous region after unrest that led to staff evacuations. Oryx Petroleum Corp., a Canadian explorer, said Sept. 3 it’s increasing production at the Demir Dagh field, its core asset. ShaMaran Petroleum Corp. said Sept. 2 it resumed drilling operations at the Atrush block where work had been suspended for 21 days.
CALGARY, Alberta (Bloomberg) -- Baytex Energy Corp., a Canadian crude producer expanding in the Eagle Ford shale in Texas, plans more purchases after paying $1.8 billion for Aurora Oil & Gas Ltd. to gain a foothold in the formation. Before making another large acquisition, Calgary-based Baytex will focus on asset swap opportunities in the Eagle Ford similar to its deal with Husky Energy Inc. in western Canada, CEO James Bowzer said in an interview.
HOUSTON -- Shell has announced new discovery wells (Neal and Gee) within the Utica formation in Tioga County, Pennsylvania. These wells were drilled to a total measured depth of approximately 4,420 and 4,724 m (14,500 and 15,500 ft) with lateral lengths of 945 m (3,100 ft) at Gee and 1,280 m (4,200 ft) at Neal, respectively. These results are comparable to the best publically announced thus far in the emerging Southeast Ohio Utica dry gas play.
NEW YORK (Bloomberg) -- The Environmental Protection Agency is considering rules that would force oil and gas producers to cut methane emissions, its chief said, stepping up efforts to curb the most potent greenhouse gas linked to climate change.
STOCKHOLM, Sweden (Bloomberg) -- A new analysis shows 38% of the world’s shale resources in places such as China, Mexico and South Africa face high to extremely high water stress or arid conditions, according to the World Resources Institute. Water availability shortcomings could potentially limit shale resource development in every continent except Antarctica, the Washington-based WRI research group said Sept. 2 in a report released at the World Water Week event in Stockholm.
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