UOGM Top Story archive

26 April 2016, Week 16, Issue 303

American Energy – Woodford, founded by the late shale pioneer Aubrey McClendon and controlled by private equity firm Energy and Minerals Group (EMG), has changed its name to White Star Petroleum....

19 April 2016, Week 15, Issue 302

Rice Energy has announced that it has put in a US$200 million cash “stalking horse” bid for assets in the Marcellus and Utica formations owned by an affiliate of bankrupt coal producer Alpha...

12 April 2016, Week 14, Issue 301

 Chesapeake Energy announced on April 11 that its borrowing limit had been reaffirmed at US$4 billion. However, the company has amended its secured revolving credit facility agreement with its...

05 April 2016, Week 13, Issue 300

Houston-based Vanguard Natural Resources said on March 30 that it had struck a deal to sell its assets in the South Central Oklahoma Oil Province (SCOOP) and STACK plays for US$280 million. The...

29 March 2016, Week 12, Issue 299

Regulators in Iowa have approved a pipeline capable of transporting up to 570,000 barrels per day of Bakken crude, the largest yet proposed in the prolific US shale play.

22 March 2016, Week 11, Issue 298

The remote Liard Basin in Northwest Canada is the ninth largest shale gas play in the world, according to a new Canadian assessment. The basin is largely located in northwest British Columbia, but...

15 March 2016, Week 10, Issue 297

The biggest US gas play, the Marcellus shale, has been forecast by the US Energy Information Administration (EIA) to produce 17.4 billion cubic feet (493 million cubic metres) per day of shale gas...

08 March 2016, Week 09, Issue 296

GreenHunter confirmed on March 1 that it had filed for Chapter 11 bankruptcy protection in the US Bankruptcy Court for the District of Texas, Fort Worth Division.

01 March 2016, Week 08, Issue 295

Argentina’s Vaca Muerta continues to show the most promise among shale plays outside North America, delegates at IHS CERAWeek in Houston heard last week.

23 February 2016, Week 07, Issue 294

Marathon Oil will continue to invest significantly in the Eagle Ford and other shale plays even as it scales back its capital programme to US$1.4 billion. Almost 70% of its capital spending will...

16 February 2016, Week 06, Issue 293

Oklahoma-based Continental Resources reported last week that while it saw its production rise 27% year on year in 2015, the company’s proven reserves fell about 9% over the same period.

09 February 2016, Week 05, Issue 292

Chesapeake Energy shares plummeted this week on concerns that the heavily indebted natural gas producer was on the brink of bankruptcy.