Denver, CO-based Emerald Oil Inc. has executed an agreement to sell its interests in approximately 30,902 net mineral acres in the Sand Wash Basin to a private oil and gas company for approximately $10 million cash at $325 per acre.

Houston-based Far East Energy Corporation [OTCBB: FEEC] said Dec. 19 that it has entered into an amendment to its bridge facility agreement with Standard Chartered Bank.

Bill Barrett Corp.has signed a purchase and sale agreement with an affiliate of Vanguard Natural Resources LLC for the sale of certain of the company's non-core natural gas assets including all Wind River Basin natural gas producing properties, the Powder River Basin coal bed methane (CBM) assets and a working interest in its Gibson Gulch-Piceance Basin development property.

For the first decade of the 21st century, the question troubling Indonesia's investors was: "Why is the country not growing as fast as the BRICS?" Yet, as Indonesia accelerated its growth to 6.37 percent in Q2 2012, and BRICS nations averaged out at 4.18 , that question has largely been muted.

Far East Energy Corp. announced today the release of an independent engineering report prepared by Resource Investment Strategy Consultants with respect to its coalbed methane contingent resources located in its Shouyang block in Shanxi Province, China as of December 31, 2011.

In March of this year, China's Ministry of Land and Resources announced that China likely has the largest reserves of shale gas in the world, estimated at 886 trillion cubic feet (TCF). The authorities had by then already trumpeted their ambitions of commercializing shale by 2015.

Calgary-based Encana Corporation (TSX, NYSE: ECA) has reached an agreement with Toyota Tsusho Wheatland Inc., a subsidiary of Toyota Tsusho Corporation, that will see the Japanese company invest approximately C$602 million (US$608 million) to acquire a 32.5% royalty interest in natural gas production from a portion of Encana’s coalbed methane (CBM) resource play.

Far East Energy Corp. confirmed positive test results from three more appraisal wells located at significant distances from the 1H Pilot Area in the company’s Shouyang Block.

Far East Energy Corp. has signed a Modification Agreement extending the exploration period of its Production Sharing Contract in Yunnan Province. 

GeoMet said Oct. 26 that it has been advised by the seller that the party holding the preferential purchase right on certain of the coalbed methane (CBM) properties in West Virginia, with an allocated value of $23.4 million, has irrevocably waived such right.

First third-party engineering firm assessment of entire block puts OGIP at roughly 7.0 tcf.

Environmentalists are engaged in a misguided legislative battle against a drilling method that increases our reserves of natural gas - an environmentally sound and economical energy source.

The Indonesian government plans to offer 24 new oil and gas blocks for lease, plus an additional 9 coalbed methane (CBM) areas, according to an official with Indonesia’s energy and minerals ministry.