Archive for the ‘Other Unconventional’ Category
Dramatic decreases in Texas upstream oil and gas industry economic indicators—even crude oil production—suggest a continued “bloodletting” in 2016, an economist indicated this week.
Pennsylvania governor formally proposes natural gas severance tax
February 22nd, 2016 by Latest News
Saying it is essential to help Pennsylvania address a serious public schools funding shortfall, Gov. Tom Wolf (D) formally asked state legislators to enact a 4.7¢/Mcf natural gas severance tax.
Sierra Club files federal lawsuit regarding Oklahoma earthquakes, disposal wells
February 16th, 2016 by Latest News
The Sierra Club has filed a lawsuit in US District Court for the Western District of Oklahoma against Chesapeake Operating LLC, Devon Energy Production Co. LP, and New Dominion LLC, saying injection wells have contributed to induced seismicity in Oklah…
Houston-based exploration and production startup Terra Energy Partners LLC has agreed to acquire WPX Energy Rocky Mountain LLC, a wholly owned subsidiary of WPX Energy Inc., Tulsa, for $910 million. The deal is expected to close in the second quarter.
Deloitte: Global oil, gas M&A activity in 2015 dipped below that of Great Recession
January 26th, 2016 by Latest News
Despite prognostications of constrained capital and distressed asset sales during the year, global oil and gas mergers and acquisitions declined sharply in 2015 compared with activity in 2014, according to a report from Deloitte LLP.
Pennsylvania methane plan emphasizes best technology, leak detection
January 25th, 2016 by Latest News
Pennsylvania’s government developed a four-point strategy to limit methane emissions from natural gas operations in the state. The plan would require the best available technology (BAT) on new unconventional well pads and more stringent leak detection and repair (LDAR) measures during exploration and development, processing, and transmission.
Southwestern Energy Co., Houston, plans to reduce its workforce by more than 1,100 employees resulting “primarily from anticipated lower drilling activity,” the company said in a Jan. 21 filing with the US Securities and Exchange Commission.
Jay P. Still has resigned from his position of president, chief operating officer, and member of the board of Tulsa independent Laredo Petroleum Inc.
The overall merger and acquisition (M&A) deal count in the global upstream business plunged in 2015 as the weakness and volatility in crude oil prices made it difficult for buyers and sellers to achieve consensus on value and outlook, according to …
Bill Way has been appointed president and chief executive officer of Southwestern Energy Co., Houston, succeeding Steve Mueller.