CHINA is allowing private domestic companies to bid in its second auction of shale gas blocks as it seeks to unlock its reserves of the unconventional fuel.
As new data from the U.S. Energy Information Administration (EIA) show, the race is on to add new domestic natural gas transmission pipeline and storage capacity. Surging production from inland shale gas and tight sand basins is contributing to this demand for new capacity.
The shale gas under the Karoo is a blessing and should be exploited, Energy Minister Dipuo Peters has told MPs.
The market value of Ukraine's shale gas could be as high as $1.5 trillion. To paraphrase poet Robert Frost, there are promises to keep and miles to go before one can sleep.
The New Brunswick government is proposing 116 different changes to the regulatory framework that oversees the oil and gas industry and in particular the controversial process of hydraulic fracturing.
Atlas Resource Partners LP said Thursday it will acquire assets in the Barnett Shale from Titan Operating LLC. The 250 billion cubic feet equivalent of proved reserves in the Texas natural gas play will cost Atlas Resource Partners $184 million in stock and close by July. Included are 43 wells and 16,000 net acres, 84 percent natural gas. This is Atlas Resource Partners' second acquisition in the Barnett Shale in two months, the company said.
Atlas Resource Partners LP said Thursday it has agreed to acquire 250 billion cubic feet equivalent of natural-gas reserves in the Barnett Shale formation in Texas for $184 million in limited partner units. The Philadelphia-based partnership struck the agreement with Titan Operating LLC, a privately held company based in Fort Worth, Texas. Atlas Resource (NYSE:ARP) said the deal has been approved by its board of directors and will be effective as of Jan. 1, 2012. It expects the deal to close in...
Eureka Resources, LLC, announced today that it will construct a world-class centralized wastewater treatment facility in Standing Stone Township, Bradford...
A train derailed at a rail yard in Green Tree early Thursday morning, causing a by-product from Marcellus Shale drilling to leak. Firefighters said a valve on a train car broke and released the propane mix into the air. "I woke up around 5 a.m. and I smelled gas. I didn't know where it was coming from," said resident Patricia Wagner. "My wife said she smelled almost like a gas smell in our...
The oil and natural gas rush in Carroll County, the heart of Ohio's shale country, has slowed as prospectors await the outcome of Oklahoma-based Chesapeake Energy Corp.'s recent financial problems, the Cleveland Plain Dealer reports. The county's economic development director told the newspaper that his "phone stopped ringing" once Chesapeake (NYSE:CHK), which owns most of the rigs and wells in Carroll County, went into distress. The company has seen its stock price plummet amid the revelation that...
