Cabot Oil & Gas Responds to Pennsylvania Department of Environmental Protection Order

Cabot Oil & Gas Corporation reported on its remediation of three frac fluid releases at its Heitsman 4H Well location in Dimock Township, Susquehanna County, Pennsylvania. As reported to the Pennsylvania Department of Environmental Protection (PADEP), on September 16, 2009 during fracing operations being performed by Cabot contractors, Baker Corporation and Halliburton, there were two releases... 

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Cabot Oil & Gas Provides Marcellus Update, East Texas Waiting on Frac Proppant

Cabot Oil & Gas Corporation announced that its Marcellus initiative in northeastern Pennsylvania is gaining momentum and is currently producing over 13 Mcfe per day. Most recently, Cabot completed its first Marcellus horizontal well with a measured depth of 8,925′ and a horizontal leg at 2,000′ using a six-stage frac. The result was a 24-hour average initial production rate of 6.4... 

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StatoilHydro forms strategic alliance with major US gas player

StatoilHydro, the second largest natural gas supplier to Europe and Chesapeake Energy Corporation, the largest US natural gas producer, today announced the signature of a strategic agreement to jointly explore unconventional gas opportunities worldwide. Under these agreements StatoilHydro will initially acquire a 32.5% interest in Chesapeake’s Marcellus shale gas acreage covering 1.8 million... 

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Three Forks/Sanish Well Produces Over 1,750 Barrels A Day

XTO Energy Inc. announced production results from wells drilled in multiple regions on its newly acquired property base. In the Bakken Shale play of North Dakota, the Company has now completed 5 wells with average production rates of 673 barrels of oil equivalent per day, primarily producing from the Middle Bakken shale section. In addition, a Three Forks/Sanish discovery well, the DeAngelis 41x-21,... 

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Chief Oil & Gas Welcomes Delivery of New Drilling Rig

Chief Oil & Gas and Union Drilling, Inc. unveiled the new AC QuickSilver drilling system in Lycoming County, Pennsylvania, the first-of-its-kind rig designed for horizontal natural gas drilling in the Marcellus Shale. “This is an exciting time for Chief Oil & Gas and the Commonwealth of Pennsylvania,” said William Buckler, Senior Vice President of Operations for Chief Oil &... 

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XTO Energy Completes Merger of Hunt Petroleum Corporation

XTO Energy Inc. has completed its previously announced merger of privately-held Hunt Petroleum Corporation and other associated entities into a wholly-owned subsidiary for approximately $4.2 billion. Consideration in the transaction included about $2.6 billion in cash and 23.5 million shares of XTO common stock. “We have now closed our purchase of this legacy franchise of quality long-lived properties.... 

Patterson-UTI Reports Drilling Activity for August 2008

PATTERSON-UTI ENERGY, INC. reported that for the month of August 2008, the Company had an average of 278 drilling rigs operating, including 265 rigs in the U.S. and 13 rigs in Canada. For the two months ended August 2008, the Company had an average of 273 drilling rigs operating, including 261 rigs in the U.S. and 12 rigs in Canada. Average drilling rigs operating reported in the Company’s monthly... 

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Zone Oil & Gas, LLC Signs Joint Venture Agreement with Penn Virginia

Zone Oil & Gas, LLC (ZONE) announced that it has signed an Exploration and Geophysical Joint Venture Agreement with Penn Virginia Corporation. The Joint Venture covers approximately 40,000 acres under lease in Tioga, Potter, Somerset, Westmoreland and Fayette Counties, Pennsylvania, and centers on exploring the Marcellus Shale, and the Oriskany and Tuscarora formations. Under the terms of the... 

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Gulf Onshore, Inc. Announces New Management and Formation of Pennsylvania Operating Company to Commence Operations in the Marcellus Shale

Gulf Onshore, Inc. announced that its Board of Directors has appointed R.Wayne Duke, Earl Moore and Mark Smith as directors. The board also appointed Mr. Moore as Chief Executive Officer and Mr. Smith as Chief Financial Officer. Dean Elliot has resigned as an officer and director for personal reasons. The Company has also formed a Pennsylvania operating company to explore business opportunities in... 

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Unit Corporation to announce New Business Partnership for Mid-Stream Operations

Unit Corporation has recently reported to have announced that its mid-stream operations, through Superior Appalachian Pipeline LLC (Superior), has entered into a long-term business arrangement with Robert Eckle, President and founder of Appalachian Producer Services, located in McMurray, Pennsylvania. The two companies have agreed to jointly develop mid-stream pipeline projects which will be owned...