Colorado State University has obtained a $5 million grant from BP covering five years to study mechanisms involved with technology for oil recovery.

Oil and gas producer AusTex Oil Ltd. has plans to raise up to A$12.5 million in an equity capital raise which will fund the appraisal and development of the company's acreage in the light oil portion of the Mississippi Lime Play.

ExxonMobil will add to its liquids-rich North American unconventional portfolio as an affiliate of ExxonMobil Canada acquires Celtic Exploration Ltd.

Senergy and Apache Corp. have entered a partnership to provide the oil and gas industry with previously proprietary geosteering and other software aimed at improving the evaluation and productivity of unconventional resource developments.

The emergence of shale plays as a global factor in energy production has put a crimp in the energy leverage the Kremlin has exerted over much of energy-dependent Europe dating back to the era of the Soviet Union.

Political risk is a factor that energy companies everywhere have to take into account in their business strategy.

Until recently, North America depended on imports of natural gas from other regions to meet its demands.

In a deal valued at $242 million, Union Drilling Inc. will be acquired by Sidewinder Drilling Inc., a Houston-based startup land driller backed by Avista Capital Partners, a private equity firm.

Drilling Info Inc. has released DI PRO, a new integrated set of E&P Business Intelligence tools that, according to the company, radically shortens the time necessary to identify and evaluate emerging unconventional hydrocarbon plays. 

Located in North-central Oklahoma and South-central Kansas, the Mississippian play (also called the Mississippi Lime) has produced from thousands of vertical wells for more than 50 years but has not stirred much interest for increased conventional development.

The former Liberal government in Quebec previously suspended shale gas exploration following pressure to continue investigations related to the ecologic effects of hydraulic fracturing, and now, Martine Ouellet, Quebec's new natural resources minister, has stated that she believes a complete moratorium on the practice should stand, reported Vancouver Sun.

When FMC Technologies announced its intent to buy frac flowback service provider Pure Energy Services in late August, industry observers weren’t quite sure what to think of it.

Houston-based TPH Partners II, LP, a middle-market energy private equity fund, has formed a partnership with Big Horn Energy Services, an oilfield service company headquartered in Midland, Texas. Big Horn provides oilfield water solutions in the Permian Basin, including real-time high-volume water transfer in support of hydraulic fracturing operations.

The use of hydraulic fracturing and horizontal wells over the past few years have dramatically altered the US energy landscape, and many believe the boom is still in its relative infancy, according to a recent report published by Standard & Poor’s Ratings Services.