Natural Gas Exploration

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  1. Gulfport Energy to acquire undeveloped dry gas Utica acres in Ohio

    Oklahoma City, OK-based Gulfport Energy Corp. (Nasdaq:GPOR) has entered into a definitive agreement with a third-party to acquire approximately 12,600 net undeveloped acres located in northern Monroe County, Ohio in the core of the dry gas window of the Utica Shale for an aggregate purchase price of approximately $87 million, subject to customary post-closing adjustments. Gulfport plans to fund the acquisition with available cash-on-hand. This acreage is located near or adjacent to Gulfport’s existing acreage position and development plan, and is approximately 50% held by production. The transaction is expected to close in December 2016. Commenting on the deal, Capital One Securities analyst Brian T. Velie said “the $6.9K/acre price compares favorably to the $19K/acre value that we were modeling for the 141K net dry gas Utica acres already held by GPOR.” Gulfport Energy is an independent oil and natural gas exploration and production company with its principal producing properties located in the Utica Shale of Eastern Ohio and along the Louisiana Gulf Coast. In addition, Gulfport holds an acreage position in the Alberta Oil Sands in Canada through its 24.9% interest in Grizzly Oil Sands ULC.

    Online Articles

    Online Articles

    Wed, 7 Dec 2016

  2. SGO puts tracked armored vehicle to use in Kurdistan to support oil and natural gas exploration

    SGO is operating the first Micro MineWolf  anti-mine armored tracked vehicle - designed for use in mountainous and other hard-to-access locations - in Kurdistan as part of SGO's work supporting oil and natural gas exploration , demining projects, and other services.

    Online Articles

    Online Articles

    Tue, 24 Jun 2014

  3. Number of natural gas exploration rigs declines to 13-year low

    With natural gas prices remaining at extraordinarily low levels, the number of natural gas exploration rigs has fallen dramatically to reach a more-than-decade low.

    Online Articles

    Online Articles

    Mon, 23 Jul 2012

  4. Chevron taps Halliburton for shale natural gas exploration in Poland

    US super-major Chevron has awarded oilfield services firm Halliburton the contract for integrated services for shale natural gas exploration in Poland.

    Online Articles

    Online Articles

    Wed, 13 Jul 2011

  1. Trinidad, Venezuela sign deal for natural gas exploration

    Online Articles

    Online Articles

    Wed, 25 Feb 2015

  2. Teal Natural Resources secures $125M from Pearl Energy Investments, Natural Gas Partners

    Teal Natural Resources LLC, a newly-formed oil and natural gas exploration company, received a total commitment of $125 million from  Pearl Energy Investments and Natural Gas Partners.

    Online Articles

    Online Articles

    Tue, 17 May 2016

  3. Shell leads offshore natural gas exploration project in New Zealand

    Royal Dutch Shell is leading an exploration project to look for natural gas off the southeast coast of New Zealand.

    Online Articles

    Online Articles

    Wed, 8 Jan 2014

  4. Shell leads natural gas exploration project offshore New Zealand

    Royal Dutch Shell is leading an exploration project to look for natural gas off the southeast coast of New Zealand, reports Reuters.

    Online Articles

    Online Articles

    Thu, 9 Jan 2014

  5. Eastern Mediterranean natural gas exploration focused on the Levant Basin

    Offshore natural gas discoveries in the Levant Basin have the potential to significantly alter energy supply dynamics in the eastern Mediterranean region and could spur natural gas exports in the near future. Uncertainty over the location and configuration of export infrastructure persists, but ...

    Online Articles

    Online Articles

    Tue, 20 Aug 2013

  6. India officials discuss domestic natural gas exploration

    India plans to expand its domestic natural gas development, allowing two state-owned companies to explore and produce from shale plays.

    Online Articles

    Online Articles

    Tue, 24 Sep 2013

  7. West Virginia governor pushing for natural gas exploration

    West Virginia Gov. Earl Ray Tomblin touted the economic benefits of extracting natural gas in the state at a recent Chamber of Commerce Business Summit.

    Online Articles

    Online Articles

    Thu, 29 Aug 2013

  8. 21 Million acres offered for oil and natural gas exploration in western GoM

    The August 28th sale will include all unleased OCS areas offshore Texas.

    Online Articles

    Online Articles

    Wed, 28 Aug 2013

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