Latest Piceance Basin Stories

WASHINGTON, Dec. 7, 2011 /PRNewswire-USNewswire/ -- Following is a statement by Regina Hopper, president and CEO of America's Natural Gas Alliance, on the release of the IHS Global Insight study, "The Economic and Employment Contributions of Shale Gas in the United States." "The IHS Global Insight study confirms that shale gas, in addition to being an abundant, domestic resource, is also an economic and employment engine in the United States. Shale gas will account for 60 percent of...

RAPID CITY, S.D., Dec. 7, 2011 /PRNewswire/ -- Black Hills Corp. (NYSE: BKH) announced today that John Benton has been appointed vice president and general manager of Black Hills Exploration & Production, the company's oil and gas subsidiary. In his new role, Benton will focus on strengthening the operational performance of existing assets and developing strategies to increase shareholder value through opportunities associated with the company's Mancos Shale properties in...

TULSA, Okla., Dec. 6, 2011 /PRNewswire/ -- WPX Energy has begun an investor road show as it prepares to become an independent, publicly traded corporation pending a planned spinoff from Williams (NYSE: WMB) at year-end. Meetings will be led by Ralph A. Hill, chief executive officer; Rodney J. Sailor, senior vice president and chief financial officer effective at spinoff; and Neal A. Buck, senior vice president of business development and land effective at spinoff. The road...

TULSA, Okla., Dec. 1, 2011 /PRNewswire/ -- Williams (NYSE: WMB) today announced that its Board of Directors has approved the proposed spinoff of its exploration and production business, WPX Energy, Inc., through a tax-free dividend involving the distribution of all WPX Energy common stock held by Williams to its stockholders. The Williams Board has declared a dividend of one share of WPX Energy common stock for every three shares of Williams common stock held by...

WASHINGTON, Nov. 15, 2011 /PRNewswire-USNewswire/ -- Major oil and gas interests are spending millions to convince Americans that they can lift us from our economic slump in part by fracking our nation's shale gas reserves. But a new set of analyses released today by the national consumer advocacy organization Food & Water Watch finds that the oil and gas industry is exaggerating the job-creating potential of shale gas development, in one case by 900 percent. "The industry has...

Billions in New Investments Would Create 35,000 Louisiana Jobs NEW ORLEANS, Oct. 20, 2011 /PRNewswire-USNewswire/ -- Abundant and affordable supplies of shale gas could produce more than 35,000 permanent, high-paying manufacturing jobs in Louisiana, reinvigorating the state's industrial base, boosting exports and sparking economic growth, according to an American Chemistry Council report that ACC President and CEO Cal Dooley released today. "Access to untapped supplies of natural gas is...

DALLAS, Oct. 11, 2011 /PRNewswire/ -- Summit Midstream Partners, LLC ("Summit") announced today that it recently entered into a purchase and sale agreement with Encana Oil & Gas (USA) Inc., a subsidiary of Encana Corporation ("Encana") (TSX,NYSE: ECA), to acquire natural gas midstream assets located in the Piceance Basin for $590 million. The acquired assets encompass approximately 260 miles of pipeline and 90,000 horsepower of compression facilities. The assets serve Mamm Creek,...

New technology that combines production of electricity with capture of carbon dioxide could make billions of barrels of oil shale — now regarded as off-limits because of the huge amounts of carbon dioxide released in its production — available as an energy source. That's the topic of the latest episode in the American Chemical Society's (ACS) award-winning "Global Challenges/Chemistry Solutions" podcast series. Adam Brandt, Ph.D., notes in the podcast that almost 3 trillion barrels of...

DENVER, Sept. 26, 2011 /PRNewswire/ -- Antero Resources today announced that it has acquired a 7% overriding royalty interest (ORI) from CONSOL Energy in approximately 115,000 net acres located in the southwestern core of the Marcellus Shale play on a large portion of Antero's existing West Virginia and Pennsylvania acreage position for $193 million. The cash transaction closed on September 21, 2011 with an effective date of July 1, 2011, and was funded with undrawn capacity on Antero's...

CALGARY, Aug. 3, 2011 /PRNewswire/ - (TSX-V: PFC) - PetroFrontier Corp. ("PetroFrontier") is pleased to announce that it has spudded its first well, "Baldwin-2", in the Southern Georgina Basin in the Northern Territory, Australia. PetroFrontier began drilling Baldwin-2 on the morning of Wednesday August 3, 2011, Australian Central Standard Time. Baldwin-2 is located in the southwestern part of EP 103 in the Southern Georgina Basin. PetroFrontier has a 100% working interest in...