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Exclusives

Chevron makes second major Gulf discovery in just 3 months

Offshore Production Platform

Chevron has made another major discovery in the Gulf of Mexico, less than three months after success in its Guadalupe prospect project with BP. This time, Chevron is celebrating a discovery in the Anchor prospect approximately 140 miles off of Louisiana’s coast, putting 2015 off to an excellent start for the oil giant. The Anchor #2 well in Green Canyon ...

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SM Energy selling assets, shifting focus to Bakken and Eagle Ford

SM Energy is selling off some of its assets in an effort to focus on the company’s core acreage in the Bakken and Eagle Ford formations, according to a report by The Bakken Magazine. The company is selling assets located in East Texas, Northern Louisiana and Oklahoma. In 2014, the assets produced approximately 3.4 net million barrels of oil equivalent ...

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BLM reports increase in oil and gas leases

Oil companies have more access to public land for drilling than they may need, according to the Bureau of Land Management’a (BLM) annual report on gas and oil lease and permit activity, according to a recent Durango Herald article. The report indicated that the BLM approved nearly 3,800 drilling permits and 1.2 million acres worth of land leases in 2014. Despite the reported increase ...

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Pennsylvania court says no to lawsuit

The Pennsylvania Commonwealth Court has dismissed a lawsuit regarding forestland gas leases the state signed back in 2008 and 2010.  By doing so, the court avoids the main question of whether or not Pennsylvania should allow shale gas production to take place in its forests. The court dismissed a lawsuit filed by the Pennsylvania Environmental Defense Foundation in March 2012.  ...

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Dalrymple optimistic about upcoming year

Despite falling oil prices, North Dakota lawmakers remain optimistic about the state’s infrastructure, its continued growth and the positive impacts of a strong economy. During yesterday’s State of the State address, Gov. Jack Dalrymple acknowledged the growth the state has experienced over the past 10 years due to the increase in oil drilling activity. “Our economic growth is creating many ...

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New fracking technology in the works

fracking water

One question that has been asked and wondered about is whether or not the chemicals used in hydraulic fracking manage to contaminate drinking water supplies.  But testing drinking water for contaminants and being able to link it back to gas drilling has been rather challenging.  Two students from University of Pennsylvania’s Wharton school may have solved this vary problem for ...

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Round two: Marcellus shale vs. health and health care

health issue

The Center for Rural Pennsylvania authorized another Marcellus Shale Impacts study that will take a second look at health and health care. The main concern and purpose of the study is to show the potential health effects that Marcellus Shale drilling and related development activities have on humans.  It is believed that the various phases of drilling and development can ...

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Marcellus-Utica Midstream Conference host anticipates great turnout

Hart Energy's Marcellus-Utica Midstream conference Day 1 at the David L. Lawrence Convention Center, Wednesday, January30, 2013.

Over 20 keynote speakers and nearly 200 exhibits are on agenda this year for the sixth annual Marcellus-Utica Midstream Conference and Exhibition in Pittsburgh. Last year, the conference brought in over 1,800 attendees and despite industry cutbacks, editor-in-chief of Midstream Business and conference host Paul Hart says registration to this point has already surpassed last year’s totals. “Our registrations are ...

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Eagle Ford production dips due to oil drop, relief is a waiting game

Unfortunately, the impact of dropping oil prices are catching up to Eagle Ford crude producers as reports are documenting a slight dip in production within the South Texas region. Figures used by the San Antonio Business Journal attributed to Baker Hughes Rig count claim that in a one week period, active rigs in the Eagle Ford decreased from 204 rigs ...

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