More Unconventional News

Keystone XL Pipeline depicted in info-graphic

May 15, 2012

Visual Capitalist recently published an info-graphic on the Keystone XL Pipeline. Although it’s pretty basic, it visually describes the situation very well.

PDC Energy to acquire Core Wattenberg assets, accelerate Niobrara development

May 14, 2012

Denver, Colo.-based Petroleum Development Corp. today announced it has executed a definitive agreement to acquire Core Wattenberg assets that contain significant liquid-rich horizontal drilling opportunities from a private party for a purchase price of approximately $330.6 million. The effective date of the transaction is April 1, 2012 with closing scheduled for June 29, 2012.

Copano to expand processing capacity to meet Eagle Ford demand

May 10, 2012

In response to producer demand in the Eagle Ford shale play, Copano Energy, LLC announced today it will add 400,000 Mcf per day of cryogenic processing capacity at its Houston Central complex in Colorado County, Texas.

Ex-Im to finance $2.95B in US exports for Australia LNG project

May 10, 2012

The Export-Import Bank of the United States has authorized a $2.95 billion direct loan to support US exports to the Australia Pacific liquefied natural gas (LNG) project. The transaction is Ex-Im’s second-largest single-project financing in history and is also the Bank’s first LNG project in Australia.

CARBO to construct ceramics plant in Georgia

May 4, 2012

Houston-based CARBO Ceramics Inc. will begin construction on a manufacturing plant in Millen, Ga., by the end of the year. Operations could begin at the end of 2013.

Apache completes Cordillera Energy acquisition

May 1, 2012

Houston, Texas-based Apache Corp. today announced it has completed its acquisition of Cordillera Energy Partners III, LLC, a privately held company with operations and acreage across the Granite Wash, Tonkawa, Cleveland and Marmaton plays in western Oklahoma and the Texas Panhandle.

Bayardo senior VP of Continental Resources

May 1, 2012

Continental Resources, Inc. has appointed Jose A. Bayardo as senior vice president of business development. In this role, he will lead the company's investment, acquisition and divestiture teams.

Eagle Ford impact study results to be released

Apr 30, 2012

Results of the University of Texas at San Antonio’s Eagle Ford Shale Economic Impact Study will be presented on two dates in May.

Halcón Resources to acquire GeoResources for $1B

Apr 27, 2012

Halcón Resources Corp. and GeoResources, Inc. announced April 25 that they have entered into a definitive merger agreement in which GeoResources will merge into a wholly-owned subsidiary of Halcón Resources in a cash and stock transaction that values GeoResources at approximately $1 billion, based on the closing price of Halcón Resources common stock on April 24.

Kinder Morgan to purchase 50% interest in natural gas JV

Apr 26, 2012

Kinder Morgan Energy Partners, LP, announced April 25 that it has signed a definitive agreement with an investment vehicle affiliated with Kohlberg Kravis Roberts & Co. LP, whereby KMP will purchase from KKR its 50 percent interest in the joint venture that owns the Altamont gathering, processing and treating assets (Uinta Basin in Utah) and the Camino Real Gathering System (Eagle Ford shale in Texas) for $300 million in KMP common units.

Element Partners invests in Environmental Drilling Solutions

Apr 26, 2012

Element Partners, an energy and industrial technology-focused private equity fund, and CSL Capital Management, an energy-services private equity firm, announced April 23 that, along with North Sky Capital and key members of management, they have acquired Environmental Drilling Solutions.

Select Energy Services appoints new managers to Fluidity team

Apr 26, 2012

Select Energy Services, LLC, a water solutions and oilfield service company headquartered in Houston, Texas, announced April 25, the appointment of William H. Fronczak and Jeffrey A. Anderson as managers in the company’s Fluidity™ team.

Investor interest returns to Montney Shale play

Apr 25, 2012

Canada’s Montney Shale play is gaining huge attention due to its unconventional gas reserves, securing enormous investments as operators compete for valuable areas, a new report by GlobalData has found.

King brings upstream expertise to Latham & Watkins

Apr 23, 2012

Michael R. King has joined Latham & Watkins LLP as a partner in the Corporate Department of the Houston office. 

Toyota Tsusho invests heavily in Alberta CBM play

Apr 21, 2012

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.

Magnum Hunter Resources to acquire Williston Basin properties

Apr 18, 2012

Magnum Hunter Resources Corp. announced today that its wholly-owned subsidiary, Bakken  Hunter, LLC, has entered into a definitive purchase agreement to acquire certain Williston Basin oil and gas properties from an affiliate of Baytex Energy Corp. for $311 million in cash.

Capstone to supply Eagle Ford producers with 30 more microturbines

Apr 17, 2012

Capstone Turbine Corp. has received orders for 30 additional C65 microturbines from producers in the Eagle Ford shale play.

Aqua-Chem names two execs to finance, engineering posts

Apr 17, 2012

Knoxville, Tenn.-based Aqua-Chem, Inc. has named Thomas Gillcrist as CFO and Ron Shook as pharmaceutical applications engineer. They will report directly to David Gensterblum, president and CEO.

OFS Energy Fund recapitalizes Vision Oil Tools

Apr 13, 2012

On April 5, OFS Energy fund completed a majority recapitalization of Vision Oil Tools LLC, a Wyoming and North Dakota-based oilfield rental tool and fishing services provider.

OFS Energy Fund invests in Buckhorn Energy Services

Apr 13, 2012

Houston-based OFS Energy Fund II has completed a growth equity investment in Buckhorn Energy Services LLC, a recently formed provider of oilfield waste disposal in North Dakota.

 

The “natural gas revolution” is changing global energy dynamics, including the outlook for energy security in the United States and elsewhere. In his keynote speech to the annual 31st annual CERAWeek Executive Conference in Houston, Peter Voser, CEO of Royal Dutch Shell plc, outlines what the industry and policymakers must do to ensure society fully leverages the many benefits of natural gas. He calls for well-targeted and robustly enforced regulations to ensure tight and shale gas production meets the highest standards. He also urges the industry to do a better job of listening and responding to public concerns about the environmental and operational challenges associated with gas production.

Read the full speech by Peter Voser here