Using a performance-based geological assessment methodology, the U.S. Geological Survey estimated mean volumes of 13.4 trillion cubic feet of potential technically recoverable shale gas and 0.5 billion barrels of technically recoverable shale oil resources in the Norte Basin of Uruguay. Introduction The U.S. Geological Survey (USGS), in cooperation with the U.S. Department of State, is [...]
Never mind that hydraulic fracturing was once again linked to an earthquake, this time a 4.0 tremor in Ohio on New Year’s Eve, the year 2012 kicked off in impressive fashion for the shale industry, which has been revolutionized by the controversial drilling practice. Undaunted by the environmental and geological challenges, two oil giants signed [...]
4:41 pm | Posted in
Argentina,
Barnett Shale,
Canada,
Countries,
Eagle Ford Shale,
Fayetteville,
Haynesville Shale,
Horn River,
Marcellus Shale,
Mexico,
Montney Shale,
Natural Gas,
Shale Basins,
Shale Gas,
Shale Oil,
United States |
Read More »
Nikkei business daily is reporting that Marubeni Corp will spend $1.3 billion on buying a 35 percent stake in a Texas-based shale oil and gas project from Hunt Oil Co. The Japanese trading house plans to raise output in the Eagle Ford shale to over 10,000 barrels per day in around five years, the report [...]
Total SA has increased its exposure to US shale holdings by entering into a joint venture with shale industry leader Chesapeake Energy and EnerVest Ltd. Total agreed to pay $700m for a 25 per cent stake in shale assets totalling 619,000 acres rich in liquids as well as natural gas, held by Chesapeake and EnerVest [...]
A U.S. energy producer is teaming up with a Wall Street investment firm on a joint venture to build a new plant to process gas from emerging shale gas fields in northeastern British Columbia. Texas-based Quicksilver Resources Inc. and Wall Street investment firm Kohlberg Kravis Roberts & Co. L.P. said Tuesday they will create the [...]
Marathon Oil plans $4.8 billion in capital spending for 2012, a 24 percent increase from its 2011 capital budget, the company said Wednesday. About one-third of the spending will target operations in the Eagle Ford Shale, the Houston-based company said. Marathon Oil plans to increase its presence in the South Texas shale play, increasing the number [...]
Americas Petrogas announced yesterday the spudding of the Los Toldos Este well that targets the Vaca Muerta shale formation in the Los Toldos blocks (163,500 gross acres or 255 sections or 660 square kilometers) located in the Neuquen Basin of Argentina. The well has been spudded on Los Toldos II and is planned for drilling to [...]
The town of Dimrock in northeastern Pennsylvania was propelled into the public eye by the documentary, “Gasland”. In the movie, producer Josh Fox profiled families able to light their tap water on fire as well, suffering from numerous health issues and fearing their well water had been contaminated, all purportedly from shale gas drilling in [...]
Americas Petrogas has entered into an agreement to acquire an additional 40% working interest in the Loma Ranqueles block (33,400 gross acres or 52 sections or 135 square kilometers), located in the western region of the Neuquen Basin, Argentina, Americas Petrogas Argentina now holds a 90% in the Loma Ranqueles block and will continue to [...]
The Chief Executive Officer of EOG Resources Inc. expects that the company will begin drilling at the Vaca Muerta oil shale in Argentina’s Neuquen basin within weeks. Mark Papa said preliminary testing of the company’s oil shale acreage in Argentina has so far been very promising. “We think it could be bigger than the Eagle [...]
