UOGM Top Story archive

23 May 2017, Week 20, Issue 357

Pennsylvania produced a record volume of 5.1 tcf (144.4 bcm) of gas in 2016, according to state’s Department of Environmental Protection (DEP). The growth, driven by operations in the Marcellus...

16 May 2017, Week 19, Issue 356

WildHorse Resource Development is acquiring Eagle Ford properties for US$625 million. The assets, comprising 111,000 net acres (449 square km), are being purchased from Anadarko Petroleum and...

09 May 2017, Week 18, Issue 355

Oklahoma City-based Devon Energy said last week that it would divest US$1 billion in noncore upstream assets, including part of its presences in the Barnett shale, in favour of successes in the...

02 May 2017, Week 17, Issue 354

India’s CBM production grew by over 44% in the country’s last financial year – up to March 31, 2017 – marking a boost for the government’s efforts to reduce India’s dependence on energy imports....

25 April 2017, Week 16, Issue 353

New data from Beijing have shown that China recorded a 50.4% year-on-year increase in shale gas output for March, with the country producing a total of 1.15 bcm.

18 April 2017, Week 15, Issue 352

Reliance Industries Ltd (RIL) has started commercial production of CBM from its Sohagpur East and West blocks in India’s Madhya Pradesh State. Though RIL initially began test production in April...

11 April 2017, Week 14, Issue 351

Greka Drilling said it had beaten 16 rival bidders to win a contract from India’s state-owned Oil and Natural Gas Corp. (ONGC) to drill over 70 wells in the Bokaro CBM block in Jharkhand State....

04 April 2017, Week 13, Issue 350

Investment activity continues to gather momentum in Argentina’s Vaca Muerta shale, with four companies signing a deal last week to invest US$500 million in exploring two blocks. 

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.

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