Unconventional Exploration

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  1. Bill to differentiate conventional production goes to Pennsylvania governor

    Pennsylvania’s Senate passed a final bill on June 15 to exempt conventional oil and gas production from proposed Department of Environmental Protection regulations for unconventional production. It forwarded S.B. 279 to Gov. Tom Wolf (D) for final approval. The bill, which Sen. Scott E. Hutchinson (R-Oil City, Butler, and Warren) and nine cosponsors introduced on Jan. 16, 2015, would establish the Pennsylvania Grade Crude Development Council to help develop new environmental regulations for oil and gas activity in the Keystone State. The House voted to amend it on June 8 to formally remove conventional upstream operations from DEP’s proposed changes on drilling operations in the Commonwealth, which are tailored to unconventional exploration and production. “Unfortunately, some in the rulemaking process were unable or unwilling to recognize the vast differences between the conventional and unconventional drilling industries,” Hutchinson said. “Instead, they embarked on a course to write new regulations for the 150-year-old conventional industry that are simply not workable and would truly be a death knell for the industry.” Hutchinson said the General Assembly previously made it clear in a 2014 bill that when DEP makes new rules for Marcellus shale gas extraction operations, there must be separate regulations developed in a separate rulemaking process for conventional oil and gas industry. Hutchinson said S.B. 279 reinforces that provision by stating that DEP must declare the newly enacted regulations for conventional operations void, and giving the agency authority to embark upon another regulatory process intended for conventional drilling operations. Contact Nick Snow at nicks@pennwell.com .

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    Thu, 16 Jun 2016

  2. AEP forms private-equity partnership for unconventional exploration in Mexico

    EIM Capital, a private equity fund in Mexico City, announced a long-term partnership with an affiliate of American Energy Partners LP (AEP) of Oklahoma City to explore for unconventional resources in Mexico although financial terms were not disclosed.

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    Tue, 1 Sep 2015

  3. Beach Energy provides update on unconventional exploration

    Beach Energy Ltd. has provided an update on the unconventional exploration program in the Nappamerri Trough Natural Gas project in PEL 218 and ATP 855, and the South Australian Cooper Basin joint venture.  

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    Wed, 19 Mar 2014

  4. State law pre-empts local fracing bans, Colorado Supreme Court rules

    The Colorado Supreme Court overturned statutes that ban hydraulic fracturing in two communities along the state’s populous Front Range because they conflict with state law that authorizes the technology’s use.

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    Mon, 2 May 2016

  1. Halliburton, STP form JV for unconventional exploration in China

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    Fri, 11 Jul 2014

  2. TAG retains unconventional exploration experts

    TAG announces that unconventional oil and gas specialists Stephen L. Dutnell and David B. Cornue have joined the Company's operational team on a long-term contract basis.

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    Wed, 23 Oct 2013

  3. Unconventional exploration agreement for ConocoPhillips and PetroChina

    PetroChina will also acquire interest in two Western Australia exploration assets.

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    Wed, 20 Feb 2013

  4. ConocoPhillips revises down $2 billion from budget

    ConocoPhillips has shed an additional $2 billion from its capital expenditures for 2015, decreasing total spending to $11.5 billion from the previously reported $13.5 billion, in response to the continued decline in oil prices. The $13.5 billion was already down 20% from 2014.

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    Thu, 29 Jan 2015

  5. Paradigm to demonstrate advanced unconventional oil and gas solutions at URTeC 2014

    Paradigm will showcase solutions and services that deliver added value in unconventional resource plays at the Unconventional Resources Technology Conference in Denver, CO. 

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    Mon, 11 Aug 2014

  6. Second Exxon Vaca Muerta shale well flows

    Exxon Mobil Corp. has drilled its second well in the vast Vaca Muerta shale formation in Argentina, and, according to news sources, the company says that this second well is flowing at levels that meet or exceed the results of the first well.

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    Fri, 19 Dec 2014

  7. Mexico considers delaying some oil exploration bidding

    Mexico's finance secretary says plunging oil prices may delay bidding on some oil and gas exploration and production contracts. 

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    Fri, 16 Jan 2015

  8. The US should take specific steps soon to use its energy abundance to avert the looming fiscal crisis and accelerate the nation’s economic recovery, SAFE recommended in a new report

    The US should take specific steps soon to use its energy abundance to avert the looming fiscal crisis and accelerate the nation’s economic recovery, Securing America’s Future Energy recommended in a new report.

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    Mon, 3 Dec 2012

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