UOGM Top Story archive

21 March 2017, Week 11, Issue 348

Natural gas production in Pennsylvania grew by 10% in 2016, rising to a record 5.1 tcf (144.4 bcm) from 4.6 tcf (130.3 bcm) in 2015.

14 March 2017, Week 10, Issue 347

Marathon Oil is buying 70,000 net acres (283 square km) in the oil-rich Permian Basin for US$1.1 billion in cash. Meanwhile, the company is selling its Canadian oil sands business for US$2.5...

07 March 2017, Week 09, Issue 346

Denver-based Antero Resources has reported a net loss for the fourth quarter of 2016, as well as the whole year, but tempered this announcement with predictions of a 20-25% increase in production...

28 February 2017, Week 08, Issue 345

Oklahoma-based WPX Energy saw its fourth-quarter oil production hit a record high despite a quarterly net loss of US$175 million that the company attributed to low oil and gas prices. The company...

21 February 2017. Week 07, Issue 344

Marathon Oil is ramping up its unconventional drilling activity in Oklahoma and North Dakota. The company will invest about US$2 billion – the majority of its 2017 capex budget – in its oil-...

14 February 2017, Week 06, Issue 343

Pennsylvania-based Eclipse Resources has said it will step up capital expenditure to US$300 million this year, which will see the company drill a number of super-lateral wells – which extend 15,...

07 February 2017, Week 05, Issue 342

Denver-based independent PDC Energy released its 2016 results on February 1, reporting an increase in proven reserves as well as estimated production for the year.

31 January 2017, Week 04, Issue 341

Halcon Resources has announced its entry into the Delaware Basin, which is part of the Permian Basin. The Houston-based company has also sold Eagle Ford acreage.

24 January 2017, Week 03, Issue 340

China’s CBM production reportedly fell in 2016 for the first time in five years.

17 January 2017, Week 02, Issue 339

Funds managed by Blackstone Energy Partners and Sanchez Energy jointly announced on January 12 that they had entered into a 50:50 joint venture to buy Anadarko Petroleum’s interest in 318,000...

10 January 2017, Week 01, Issue 338

PetroChina reportedly produced 2.5 bcm of shale gas in 2016, mostly from its Changning-Weiyuan block in China’s Sichuan Province.

20 December 2016, Week 50, Issue 337

Beijing has decided against its long-awaited national shale licensing round, choosing instead to allow individual provinces to tender acreage themselves. 

06 December 2016, Week 48, Issue 335

China’s Greka Drilling has been awarded a further contract to provide CBM drilling services to PetroChina at the company’s Fanzhuang Block in Shanxi Province.

29 November 2016, Week 47, Issue 334

A partnership of Chinese state enterprises including national oil company (NOC) Sinopec will reportedly invest 1.85 billion yuan (US$268 million) in a new shale gas production project in the...

22 November 2016, Week 46, Issue 333

A portion of the Wolfcamp shale formation in Texas has been estimated in a new study by the US Geological Survey (USGS) to contain 20 billion barrels of undiscovered, technically recoverable oil...

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