Murkowski : U.S. Needs to Deal from a Position of Energy Abundance
June 19, 2013
In its reluctance to share its natural gas resources with the world, the United States is operating in a scarcity mode, which is at odds with today's abundance, Alaska's Sen. Lisa Murkowski said Tuesday.(more...)

Pennsylvania Governor Sounds Off on Impact Fee, Ethane Cracker
June 19, 2013
Pennsylvania Gov. Tom Corbett defended the decision to enact an impact fee, rather than a severance tax, on oil and gas drilling, and he said there was nothing new to report on a proposed ethane cracker in the western part of the state.(more...)

Koch Pondering Bakken Crude Pipeline
June 19, 2013
Koch Pipeline Co. LP is holding a nonbinding open season for the Dakota Express Pipeline, which would carry crude oil from the Bakken Shale in western North Dakota to Hartford and Patoka, IL. A connection at Patoka to the Eastern Gulf Crude Access Pipeline to carry crude to Gulf Coast refineries is also contemplated.(more...)

XTO Brings NGL Recovery Facility Online in Pennsylvania 
June 19, 2013
XTO Energy Inc.'s natural gas liquids (NGL) recovery facility in Butler County, PA, has entered service processing wet gas from Marcellus and Utica shale drilling in southwestern Pennsylvania.(more...)

Ohio Appeals Court Upholds Lease Provision on Covenants
June 19, 2013
An appeals court in Ohio upheld a local court's ruling that an operator is not required to fully develop leased property, and disagreed with a landowner's demand that the undeveloped portion be surrendered and subsequently leased to other oil and gas companies.(more...)

Carrizo's Eagle Ford Soars Higher 
June 18, 2013
Carrizo Oil & Gas Inc. raised second quarter oil production guidance to 10,800-11,200 b/d from 9,600-10,000 b/d, increased its 2013 crude oil production growth target to 40% from 28% and raised its total 2013 production growth target to 10% from 6%, based largely on results in the Eagle Ford Shale.(more...)

Natural Resource Partners Enters Bakken with Abraxas Deal
June 18, 2013
Natural Resource Partners LP (NRP) is buying nonoperated working interests in Bakken/Three Forks producing oil and gas properties from Abraxas Petroleum Corp. for $35.3 million in cash, marking its entry into the Bakken Shale.(more...)

Chesapeake Shareholders Reelect Board, Reject Declassification
June 18, 2013
Chesapeake Energy Corp. shareholders reelected the company's board of directors, but rejected separate proposals to implement proxy access, reincorporate in Delaware and declassify the board, the last of which would have made it easier to replace the entire board in one fell swoop.(more...)

Flaring Remains a Stubborn Problem in North Dakota 
June 18, 2013
Connecting the wells only addresses part of the problem with flaring of natural gas in North Dakota's Bakken and Three Forks formations; it's no help if there's a lack of takeaway and processing capacity.(more...)

Pony Express Conversion Project Gets Favorable Environmental Nod
June 18, 2013
FERC on Friday issued a favorable environmental assessment (EA) of Tallgrass Interstate Gas Transmission's proposal to convert the Pony Express Pipeline to meet the increasing demand for crude oil transportation service out of the Bakken formation.(more...)

Pennsylvania Governor Fires DCNR Secretary Over Email
June 18, 2013
Pennsylvania Gov. Tom Corbett fired Department of Conservation and Natural Resources (DCNR) Secretary Richard Allan on Thursday after he reportedly used offensive language in email messages, disparaging another government employee.(more...)

Industry Brief
June 18, 2013
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