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Gulfport Energy to Acquire Acreage in Oklahoma’s SCOOP Region for $1.85 Billion
December 16, 2016
Gulfport Energy has entered into an agreement to buy acreage in Oklahoma’s SCOOP region from Vitruvian II Woodford for $1.85bn. It will acquire approximately 46,400 net surface acres in the core of the SCOOP, including nearly 183 million cubic feet
Devon Energy Completes Resource Expansion in Delaware Basin with Leonard Shale Spacing Test
December 15, 2016
Devon Energy Corp. has increased its risked drilling inventory in the Delaware Basin following a successful Leonard Shale stacked spacing test in southeast New Mexico. The Thistle spacing pilot tested 400-foot vertical spacing between the Leonard Shale “B” and “C”
Applications Open for Sixth Annual 2017 Shale Gas Innovation Contest
December 15, 2016
The Ben Franklin Shale Gas Innovation and Commercialization Center has announced the Sixth Annual Shale Gas Innovation Contest. This year, they are offering a total of $60,000 in cash prizes for the three best shale energy-oriented innovations, new product ideas,
Chevron Unveils $19.8 Billion Capital and Exploratory Investment Plan for 2017
December 14, 2016
Chevron has a $19.8bn capital and exploratory investment program for 2017. Included in the 2017 program are $4.7bn of planned affiliate expenditures. “Our spending for 2017 targets shorter-cycle time, high-return investments and completing major projects under construction. In fact, over
NextDecade, FLEX LNG to Develop Regasification Solutions for Rio Grande LNG Export Project, Texas
December 14, 2016
NextDecade Global Solutions, a subsidiary of NextDecade, and FLEX LNG have signed a heads of agreement (HOA) to create a full value chain solution for customers looking to purchase LNG from NextDecade’s Rio Grande LNG export project in Brownsville, Texas,
Canadian Oil Firms Cenovus and Crescent Point Step Up Investments, Expand Production for 2017
December 14, 2016
Canadian oil companies, Cenovus Energy and Crescent Point Energy, have announced plans to step up investments and expand production in 2017. Cenovus plans to increase its capital spending by about 24 percent and expand its total oil production by 14
NextDecade and FLEX LNG Join Forces to Develop LNG Regasification Solutions, Texas
December 13, 2016
NextDecade, LLC, and FLEX LNG have signed a heads of agreement (HOA) to create a full value chain solution for customers looking to purchase LNG from NextDecade’s Rio Grande LNG export project in Brownsville, TX. Initially, NextDecade and FLEX LNG
Swift Energy Completes Sale of Remaining 25% Interest in Central Louisiana for $8 Million
December 13, 2016
Swift Energy Company has completed the sale of its remaining 25 percent interest in the Burr Ferry and South Bearhead Creek Fields in Central Louisiana. The net proceeds received by Swift Energy ($8.0 million, less customary closing adjustments) will be
California’s PG&E Installs Innovative Methane Detection Technology
December 13, 2016
Pacific Gas and Electric Company (PG&E) has become the first energy company in the U.S. to pilot an innovative methane detection device developed for the Methane Detectors Challenge (MDC), a groundbreaking partnership between Environmental Defense Fund (EDF), oil and gas
New GE Analysis: Software and Hardware Upgrades Could Cut Emissions from Coal and Gas Power Plants
December 12, 2016
GE has released a first-of-its-kind analysis of global power plants, which found that carbon dioxide (CO2) emissions from the world’s fleet of coal and gas plants can be reduced by 10 percent — the equivalent of removing 95 percent of
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