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News for March 7, 2014
An accord could create a free trade area with about $33 trillion in potential annual economic output.
The average U.S. rig count for last month was up 7 from the 1,762 counted in February 2013. - free
Compared to February 2013, production this year shows an increase of 2.2%, or 1.4 Bcf/d of incremental gas supplies to the market. - free
News for March 6, 2014
The acquisition represents additional working interests in wells currently owned by MEMP.
Upon completion, the Denver-based company will have 100% of 72,795 net acres in the Illinois Basin. - free
2013 production averaged 19,013 BOE/d, an increase of 17% over 2012 average production.
The major driver of these operational cost reductions isthe use of large multi-well pads and zipper-fracs wherever possible, says company exec. - free
News for March 5, 2014
The sale enables Quicksilver to focus development efforts on projects in Canada, the Barnett and in West Texas.
The Uinta Basin properties are surrounded by producing oil and gas wells and current operators like Newfield and Crescent Point. - free
Ring will be the operator and have an average working interest of 81% and average net revenue interest of 61%. - free
American Eagle's average production volume for the fourth quarter of 2013 was about 1,879 BOE/d slightly ahead of its previous guidance.
Liquid plays will remain strong while gas plays are predicted to revive.
Mexico holds about the sixth largest shale gas reserves in the world, says chief exec.
News for March 4, 2014
The reserves estimates are attributed to the six wells already drilled in the Caney/Upper Sycamore formations in the Tishomingo Field in Oklahoma.
The Calgary-based company said in a press release that it grew production to an average 6,975 BOE/d in December 2013 from 1,600 BOE/d in August 2012. - free