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News for September 2, 2014
The Houston-based company has in excess of 300,000 net acres in the play.
Upon closing, Blackbird's total Montney prospective land position will stand at74,880 net acres.
The joint venture also announced the launch of a binding open season for the Mountain Valley Pipeline.
MCEP also announces that it has received lender commitments to increase its borrowing base to $190 million.
The company funded this acquisition with borrowings under its existing reserve-based credit facility and proceeds from sales of common and preferred units under its ATM program. - free
The disposition means Eagle's go-forward corporate product mix moves from about 82% oil to 96% oil, which is expected to increase its average netback per barrel of oil equivalent. - free
News for August 28, 2014
Total P1 reserves increased from $21.5 million at Year End 2013 to $35 million at July 1, 2014.
The sale will allow Calgary's Crew to sharpen its focus on the development of its core Montney assets in Northeast British Columbia. - free
In Texas, drillers are doing their noisy in-your-face fracking as usual, while on a small farm about an hour from the Colorado Rocky Mountains, the oil industry is giving fracking a makeover. - free
News for August 27, 2014
The firm’s sixth fund will focus on North American investments in pipelines, storage, terminals, electric transmission and production of oil and natural gas.
ZaZa will assign to Quantum 6,000 net acres in undeveloped leases within ZaZa’s East Texas JV.
Antero is raising 2014 net production guidance to an average of 990 – 1,010 MMcfe/d, which is a 5% increase from the midpoint of previously announced guidance.
The partnership's Williston Basin natural gas processing capacity is expected to increase to approximately 1.1 billion cubic feet per day (Bcf/d) by the third quarter 2016. - free
Geoscientists can seamlessly integrate geological, geophysical and production data, the company says. - free
WPX received approximately $40 million cash for 49% of its working interest in approximately 100 proved developed producing (PDP) Trail Ridge wells.