International Business News - Shale http://www.ibtimes.com All articles are copyrighted by IBTimes.com 400 100 http://www.ibtimes.com/ http://www.ibtimes.com/images/top_logo_ibt2_3.gif Oil and gas company Rex Energy Corp. on Wednesday said it made progress at several of its Marcellus Shale drilling locations. At its Westmoreland County, Pa., site the company said initial flow rates began for the first two vertical test Marcellus Shale wells completed. These wells had peak flow rates of 400 thousand cubic feet and 1,200 Mcf per day, respectively. Each well continues to stabilize at daily production rates of 300 to 500 Mcf per day, the company said. A third vertical test well has been drilled at this location and will be completed by mid-December, the company added. http://www.ibtimes.com/articles/20081203/rex-energy-makes-headway-in-marcellus-drilling.htm Wed, 03 Dec 2008 17:02:33 EST The Bush administration gave energy companies steep discounts in the royalties they will be required to pay as it established the groundwork Monday for commercial oil shale development on federal land. http://www.ibtimes.com/articles/20081118/rules-of-the-road-set-for-oil-shale-drilling.htm Tue, 18 Nov 2008 09:31:25 EST The Bush administration gave energy companies steep discounts in the royalties they will be required to pay as it established the groundwork Monday for commercial oil shale development on federal land. http://www.ibtimes.com/articles/20081117/rules-of-the-road-set-for-oil-shale-drilling.htm Mon, 17 Nov 2008 18:59:04 EST American Shale Oil LLC on Wednesday said it struck a deal with Schlumberger Technology Corp. to jointly explore oil shale resources within American Shale's 160-acre parcel of federal land in northwestern Colorado. http://www.ibtimes.com/articles/20081112/american-shale-strikes-deal-with-schlumberger.htm Wed, 12 Nov 2008 11:32:44 EST A geologist says the Marcellus shale region of the Appalachians could yield seven times as much natural gas as he earlier estimated, meaning it could meet the entire nation's natural gas needs for at least 14 years. http://www.ibtimes.com/articles/20081104/estimated-gas-yield-from-marcellus-shale-goes-up.htm Tue, 04 Nov 2008 10:49:31 EST A key issue in the Rocky Mountain West this political season is how to tap Western oil reserves that could be twice as large as Saudi Arabia's--but are encased in rock. http://www.ibtimes.com/articles/20081024/oil-shale-resonates-as-western-election-issue.htm Fri, 24 Oct 2008 16:39:04 EDT Canadian oil explorer Trans-Orient Petroleum Ltd. said Wednesday it has found shale rock with the potential to contain billions of barrels of oil on New Zealand's East Coast. http://www.ibtimes.com/articles/20081022/big-oil-prospect-in-new-zealand-says-canada-firm.htm Wed, 22 Oct 2008 08:58:00 EDT The Colorado School of Mines is creating a new oil shale research center on campus that will include a global database of information accessible over the Internet. http://www.ibtimes.com/articles/20081014/colo-univ-to-open-new-oil-shale-research-center.htm Tue, 14 Oct 2008 10:17:51 EDT The governor of one of three states that could benefit greatly from oil shale says the Interior Department should move quickly and write regulations for its development before a new administration takes over. http://www.ibtimes.com/articles/20081013/utah-gov-wants-feds-to-move-quickly-on-oil-shale.htm Mon, 13 Oct 2008 18:15:24 EDT Linn Energy LLC said late Thursday it will sell part of its holdings in Oklahoma, including the Woodford Shale interval, for $229 million in cash. The independent oil and gas company said it will retain rights to the shallow portion of the land, noting that the sale contains no producing reserves. http://www.ibtimes.com/articles/20081010/linn-energy-to-sell-okla-land-for-229-million.htm Fri, 10 Oct 2008 08:13:33 EDT A top executive of Southwestern Energy Co. says gas wells in the Fayetteville Shale play in Arkansas remain economically feasible, even though natural gas prices are down. http://www.ibtimes.com/articles/20081003/natural-gas-drillers-make-cuts-but-not-in-ark.htm Fri, 03 Oct 2008 16:09:07 EDT Two companies announced Wednesday a new $1.3 billion natural gas pipeline that will move gas from the Fayetteville Shale formation in Arkansas to major gas distribution lines. http://www.ibtimes.com/articles/20081001/new-1-3b-pipeline-planned-for-arkansas-shale.htm Wed, 01 Oct 2008 15:18:35 EDT Energy company Dominion said Tuesday that it closed its agreement to assign drilling rights to 114,259 acres in the Marcellus Shale prospect to Antero Resources for about $347 million, or about $3,000 per acre. http://www.ibtimes.com/articles/20080930/dominion-closes-deal-on-marcellus-shale.htm Tue, 30 Sep 2008 13:48:58 EDT Gov. Bill Ritter says the Bush administration is prematurely pushing to develop oil shale in Colorado. Ritter said Wednesday the president blocked the extension of a provision that effectively banned leases on federal land for commercial oil shale development. The provision expires Tuesday. http://www.ibtimes.com/articles/20080925/colo-gov-bush-pushing-shale-development-too-soon.htm Thu, 25 Sep 2008 12:10:17 EDT Oil and gas company RAM Energy Resources Inc. said Wednesday that four wells drilled on the company's north Texas Barnett shale properties have begun adding to production. http://www.ibtimes.com/articles/20080924/ram-says-production-coming-from-barnett-wells.htm Wed, 24 Sep 2008 15:16:14 EDT Williams Cos. has obtained interests in the Barnett Shale natural gas reserves in north Texas for a lesser amount than previously announced. Tulsa-based Williams said Tuesday it has completed a $147 million purchase of the interests from Aspect Abundant Shale LP and other parties. In late July, Williams said those interests would cost $166 million. http://www.ibtimes.com/articles/20080909/williams-buys-barnett-shale-interests-for-147m.htm Tue, 09 Sep 2008 10:49:56 EDT Federal officials are releasing a final plan for opening nearly 2 million acres of public land in Wyoming, Utah and Colorado to commercial oil shale development. http://www.ibtimes.com/articles/20080905/blm-to-release-final-public-land-oil-shale-plan.htm Fri, 05 Sep 2008 08:27:05 EDT In response to public concerns about a potential gas rush in the Southern Tier and Catskill region, the New York state Department of Environmental Conservation has launched a Web page with information about the Marcellus Shale. http://www.ibtimes.com/articles/20080828/ny-officials-launch-web-page-on-gas-drilling.htm Thu, 28 Aug 2008 13:39:47 EDT U.S. Sen. Orrin Hatch used his summer break Wednesday to continue his attack on Democrats for failing to pass a comprehensive energy bill that would speed up oil shale development in Colorado, Utah and Wyoming. http://www.ibtimes.com/articles/20080820/utah-sen-hatch-speed-up-oil-shale-development.htm Wed, 20 Aug 2008 14:06:02 EDT The Louisiana Mineral Board collected $93.8 million at its August sale of petroleum lease rights to government-owned land--with almost all of the money coming from operators trying to develop a potentially huge natural gas find. http://www.ibtimes.com/articles/20080814/louisiana-has-2nd-best-petroleum-lease-sale-ever.htm Thu, 14 Aug 2008 14:35:18 EDT