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Last updated on April 19, 2014 at 9:20 EDT

Latest Piceance Basin Stories

2012-02-02 06:00:00

DENVER, Feb. 2, 2012 /PRNewswire/ -- Antero Resources announced today that its proved reserves at December 31, 2011 increased 55% to 5.0 Tcfe. Proved, probable and possible reserves (3P) increased by 66% to 17.4 Tcfe. Antero estimates that it replaced 2,429% of production in 2011 with proved reserves. Finding and development costs from all sources, including acquisitions, leasehold additions and all price and performance revisions averaged $0.43 per Mcfe in 2011. Antero also announced...

Shale Gas Could Impact Future U.S. Energy
2012-01-04 13:06:17

According to a new report, shale gas could impact the U.S. energy policy and lead to future technological development. MIT researchers found that gas prices would rise by about five times the current levels by 2050 without shale gas, but it would only double with it. According to the report, shale gas also reduces electricity price growth by 5 percent in 2030 and 10 percent in 2045, compared to a scenario without shale gas. “Prior to this we hadn´t compared U.S. gas...

2011-12-15 08:30:00

HOUSTON, Dec. 15, 2011 /PRNewswire/ -- A majority of Americans think developing natural gas by tapping shale formations offers greater rewards than it does risks, including those associated with hydraulic fracturing, according to a survey conducted by the Deloitte Center for Energy Solutions. Moreover, 8 in 10 respondents link natural gas with job creation and economic revival. Specifically, 83 percent of respondents agree that natural gas development can stimulate job growth in...

2011-12-07 16:04:00

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 U.S....

2011-12-07 15:50:00

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...

2011-12-06 07:07:00

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 show...

2011-12-01 06:00:00

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 its...

2011-11-15 11:52:00

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 exploited...

2011-10-20 11:00:00

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...

2011-10-11 06:00:00

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,...