Articles filed under E&P

Exploration and production (E&P) companies remain enthusiastic about the U.S. onshore, in particular the Permian Basin, Niobrara formation, Utica Shale and the Tuscaloosa Marine Shale (TMS), based on observations at the recent EnerCom Consulting oil and natural gas conference, said two analyst teams who were there. However, Marcellus Shale pricing appears to be a "real concern for the buyside."

Wyoming and North Dakota are stepping up statewide assessments of ways to cut down on the volumes of associated natural gas flaring at oil wellhead sites, but the economics for oil/gas operators in some cases are complicating the efforts.

Production of oil and natural gas from non-federal lands has skyrocketed while that from federal lands has waned. At least today, the vast majority of shale acreage lies on state and private lands, the Energy Information Administration' (EIA) Howard Gruenspecht, deputy administrator, said. It's coal country that is mostly on the government's property.

Barclays Capital's energy analysts see the potential for natural gas production from the Marcellus and Utica shales to jump by 3.6 Bcf/d year/year (y/y) in 2013 and almost as much again by the end of 2014.

Royal Dutch Shell plc, which earlier this month launched a review of its entire North American portfolio, is selling some of its operations in northwestern Colorado's Niobrara formation, according to a spokeswoman.

Calgary midstreamer Pembina Pipeline Corp. is launching plans to build and operate another shallow cut natural gas plant and associated pipeline infrastructure near its Cutbank Complex in west central Alberta.

One day after Tuscaloosa Marine Shale (TMS) pioneer Goodrich Petroleum Corp. said it would redirect capital from the Eagle Ford Shale to the emerging play, Eagle Ford-focused Sanchez Energy Corp. Thursday announced deals worth $78 million that give it entry into the TMS.

Colorado's top oil and natural gas regulator told executives in Denver Tuesday that adopting a culture in the onshore that goes above and beyond what's legally required will do more than anything to achieve community acceptance.

Now that it has seen some encouraging well results, Goodrich Petroleum Inc. is stepping up activity in the Tuscaloosa Marine Shale (TMS) of Louisiana and Mississippi, where the company is about to close on an acquisition that will more than double its footprint in the emerging play.

While it is putting more emphasis on its utilities longer term, Rapid City, SD-based Black Hills Corp. is focused shorter term on "proving up and capturing substantial value" from its oil and natural gas properties in the Mancos Shale plays in the San Juan and Piceance basins, along with new-found interest in Powder River Basin oil, CEO Dave Emery said Tuesday during a second quarter earnings conference call.