Unconventional Exploration

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  1. 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. The May 2 decision is final because it resolves a state matter and cannot be appealed to a federal court, Colorado Oil & Gas Association Pres. Dan Haley said. Longmont had banned fracing outright, while Fort Collins imposed a 5-year moratorium on the unconventional exploration and production technology. COGA sued to overturn both statutes. “We have long held that these local bans are illegal,” Haley told reporters in a teleconference. “While we’re excited that the Colorado Supreme Court’s decision came down as it did, this does not change COGA’s commitment to work closely with communities for responsible oil and gas development.” Mark Mathews, an attorney in Brownstein Hyatt Farber Shreck LLP’s Denver office who argued the case for COGA before the state supreme court, added, “The decision held that Longmont’s ban on fracing and Fort Collins’s 5-year-ban moratorium within city limits are pre-empted by the state’s regulation of the oil and gas industry.” “Local governments have some say in the land use process with regard to oil and gas wells,” he explained. “But these decisions show that they can’t enact bans that conflict with [Colorado Oil and Gas Conservation Commission] regulations.” In a statement, Fort Collins City Attorney Carrie Daggett said that it would be premature to comment before the city fully reviewed the state high court’s decision. “These issues are complex, and we'll thoroughly examine the decisions relative to Fort Collins and Longmont,” she said. “However, it is clear that the Supreme Court has found the Fort Collins moratorium on hydraulic fracturing is in operational conflict with Colorado law and is therefore pre-empted.” Asked what COGA would like other Colorado communities’ governments that imposed similar fracing bans to do following the high court’s decision, Haley said the group hoped they would withdraw the statutes and try to work constructively with the industry and property owners. “I think this is the time where all the stakeholders need to sit down and develop solutions that work for all of us,” he maintained. “We want to move beyond divisive battles of the past.” Contact Nick Snow at nicks@pennwell.com .

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    Mon, 2 May 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. Halliburton, STP form JV for unconventional exploration in China

    Halliburton, the oilfield services company with the largest hydraulic fracturing fleet, has signed an agreement with the SPT Energy Group Inc. affiliate, Petrotech (Xinjiang) Engineering Co. Ltd., to establish a joint venture company focused on hydraulic fracturing and production enhancement ...

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    Fri, 11 Jul 2014

  1. TAG retains unconventional exploration experts

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    Wed, 23 Oct 2013

  2. 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

  3. 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

  4. 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

  5. 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

  6. 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

  7. 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

  8. Shale gas exploration deal with Chevron pending, Ukraine official says

    A tentative agreement has been reached between Ukraine officials and Chevron Corp. regarding exploration for shale natural gas in Oleska field in western Ukraine, Energy Minister Eduard Stavytsky told reporters in Kiev on June 13.

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    Fri, 14 Jun 2013

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