Category: Shale

BP names CEO of U.S. onshore business

BP has tapped David Lawler, a former top executive at an independent oil producer, to lead the U.S. onshore unit it plans to separate early next year.  More »

Environmentalists say Pa. health registry needed

Republican Gov. Tom Corbett’s administration said Monday it has enhanced the state health department’s handling of complaints involving natural-gas drilling, prompting environmentalists to renew their demand for more aggressive action.  More »

Less shake from artificial quakes

Man-made earthquakes, a side effect of some high-tech energy drilling, cause less shaking and in general are about 16 times weaker than natural earthquakes with the same magnitude, a new federal study found.  More »

Hoping for its own shale gale, China seeks U.S. know-how

U.S. companies are entering joint ventures to provide China with the tools it needs to get at oil and gas locked in shale.  More »

Feds say firm pumped up stock with false claims about fracturing technolgy

Houston-based Chimera Energy and four individuals pumped up the company’s stock prices by falsely claiming to have technology for a water-free alternative to hydraulic fracturing, federal regulators allege.  More »

Natural gas will dominate Texas electric growth, report says

Natural gas power plants will represent almost all the growth in Texas electricity generation until at least 2040, the U.S. Energy Department reports.  More »

Deals bring in $2.1 billion, additional acreage to Shell Oil Co.

Shell Oil Co. today announced a pair of deals Thursday morning in which it will give up onshore gas operations in Wyoming’s Pinedale and Louisiana’s Haynesville fields in exchange for $2.1 billion and additional acreage in Pennsylvania.  More »

North Dakota crude no more dangerous than similar fuels, report finds

HOUSTON — An industry-funded study released Monday concluded that the oil from the Bakken region doesn’t pose a greater risk to transport than other similar, types of crude. The study is the most scientific analysis of the region’s crude so far, the North Dakota Petroleum Council said. The group hopes the report allays fears that […]  More »

Marathon Oil earnings up on U.S. oil output

Rising shale oil production pushed Marathon Oil Corp.’s profits up 27 percent in the second quarter as the firm worked to improve its hydraulic fracturing in North America.  More »

North Dakota’s crude production continues to grow on strength of Bakken, Three Forks

Drillers are gaining new insights into the geologies of the Bakken Shale in North Dakota, where production is topping 1 million barrels a day.  More »

Linn to buy $340M in assets from Pioneer, sell in Anadarko Basin

HOUSTON — Linn Energy inked a $340 million deal to buy 235,000 net acres in the Hugoton Basin from Pioneer Natural Resources Co. and announced a $90 million sale in the Anadarko Basin. The deals, done by Linn Energy and its related LinnCo, are the latest in a string of acquisitions and sales the company […]  More »

Private equity, foreign buyers return to U.S. oil and gas deals

U.S. oil and gas deals jumped nearly 40 percent in combined value in the second quarter as a foreign buyers and private equity firms returned to the sales block to snap up oil-soaked shale.  More »
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