On June 14, 2013, GeoMet Inc. closed the previously announced sale of all of its coal bed methane properties located in the state of Alabama.

Analyzing Evaluate Energy’s recently released 2013 capital expenditure and average well cost data for the major US shale plays, it becomes clear that foreign companies will have a huge influence on how the industry develops over the coming year.

Constitution Pipeline Company LLC, a limited liability company owned by subsidiaries of Williams Partners LP, Cabot Oil & Gas Corp., Piedmont Natural Gas Co. Inc., and WGP Holdings Inc., has filed an application with the Federal Energy Regulatory Commission (FERC) seeking approval to construct a 122-mile pipeline connecting domestic natural gas production in northeastern Pennsylvania with northeastern markets by spring 2015.

Crew Energy Inc. has exercised the option to purchase the balance of Terra Energy Corp.’s Montney assets in northeast British Columbia for $36 million.

Pardee Resources Co. (PRC) has named Thomas A. Lopus as senior vice president, oil and gas. Pardee Resources is a Philadelphia-based firm that focuses on the acquisition, management, and responsible development of natural resource properties.

Centrica plc has acquired a 25% interest in the Bowland exploration license (PEDL165) in Lancashire from Cuadrilla Resources Ltd (Cuadrilla) and AJ Lucas for £40 million ($62.8 million) in cash.

Cretaceous age TMS garnering attention

We hear a lot of noise these days from people who call themselves environmentalists. They come from all walks of life.

PLS reports that from April 17 to May 16, 2013, the pace of US oil and gas deal activity is returning to normal with 45 deals for $2.1 billion while Canada activity remains sluggish with 10 deals for $240 million.

Harvey Gulf International Marine has secured plans to construct and operate the first LNG marine fueling facility in the United States, to be located at its vessel facility in Port Fourchon, Louisiana.

Estimated shale oil and shale gas resources in the United States and in 137 shale formations in 41 other countries represent 10% of the world's crude oil and 32% of the world's natural gas technically recoverable resources, or those that can be produced using current technology without reference to economic profitability, according to a new EIA-sponsored study released today (June 10, 2013).

Poland appeared to be the country that would lead Europe into a shale gas fuelled future, gaining its independence from the Russian supply monopoly it has been craving for years, but it has been a torrent of bad news ever since.

According to a new study by IGas Energy plc, the company’s licensed acreage northwest of England may hold up to 170 trillion cubic feet of shale gas.

Sanchez Energy Corp. (NYSE: SN) has commenced a private offering to eligible purchasers of $350 million in aggregate principal amount of senior notes due 2021.

The TransCanada Energy East project proposes converting 1865 miles of the natural gas Mainline system and constructing 870 miles of new pipeline to deliver at least 500 Mb/d of crude oil to eastern Canada from Alberta. The pipeline conversion could solve two problems. It would bump up tariff revenues on the huge 7 Bcf/d Mainline that has been sucking air for years (it only moved 2.4 Bcf/d in 2012). And it would provide a route to Eastern markets for rising production volumes of landlocked Canadian crude. Today in the first of a two part series we examine prospects for this project.

A subsidiary of Northern Petroleum is the successful bidder for 100% of Petroleum Exploration License (PEL) 629 covering an area of 5,800 square kilometers with shale oil prospectivity in a lightly explored, but producing portion of the onshore Otway Basin, the Government of South Australia said.

To capitalize on the shale gas revolution in the United States, the BASF TOTAL Petrochemicals LLC (BTP) joint venture (40% Total, 60% BASF) revamped the Port Arthur steam cracker in Texas to process ethane, found in abundance in US shale gas.

The rapid increase in natural gas, natural gas liquids, and crude oil production from onshore domestic shale formations has been positive for revenue, costs, and credit quality in many corporate industry sectors, while materially hurting others.

Last Thursday (May 16, 2013) the Ohio Department of Natural Resources offered a rare glimpse into 2012 production in the Utica shale. In a long awaited report, the State said that 87 wells drilled by 11 companies produced about 1750 b/d of oil and 35 MMcf/d of gas. Those numbers disappointed investors hoping for evidence of another Bakken or Eagle Ford. But the State data does not tell the whole story. There should be a surge in production now that infrastructure is coming online. And significant condensate production will present new challenges for midstreamers. Today we take a closer look at Utica production.