Tagged: fayetteville shale play

Hanna Still Believes in Arkoma Basin’s Future

by Marty Cook 9/15/2014 12:00 am

Hanna Oil & Gas Co. of Fort Smith has been drilling gas wells in the Arkoma Basin for two generations covering more than 50 years. President Bill Hanna, son of founder Jim Hanna, is confident the basin will be around and still producing for the next generation of Hannas. That has already started as Bill’s oldest son, Griffin, started work in the field for the company after graduating with a finance degree from the University of Denver.

Regulators Cite Greater Shale Knowledge as Environmental Complaints Dwindle

by Jan Cottingham 9/15/2014 12:00 am

A decade of shale play development has seen a resolution of some of the early concerns, and two of the Arkansas regulators most involved in overseeing the gas industry in the play credit the growing “maturity” not just of the industry but of their own agencies and the public.

Natural Gas Severance Tax Collections 150 Times Larger

by Arkansas Business Staff 9/15/2014 12:00 am

Development of the Fayetteville Shale Play, and especially the damage that heavy drilling equipment caused to sleepy county roadways, provided the political cover needed to raise Arkansas’ severance tax on natural gas for the first time in more than 50 years.

Royalty Owners Haul Exxon Subsidiary XTO to Court Over Royalties

by Mark Friedman 9/15/2014 12:00 am

Independence County plaintiffs say in a federal lawsuit that XTO wasn’t getting the highest price possible for natural gas because it was selling the product to its own subsidiary, Cross Timbers Energy Services Inc., at below-market prices.

Natural Gas in Fayetteville Shale Takes Arkansas from Zero to Billions in 10 Years

by Michelle Corbet 9/15/2014 12:00 am

In the past decade, the players in the Fayetteville Shale have shuffled and consolidated, drilling has peaked and retreated, employment has expanded and contracted, technology has advanced, environmental and infrastructure concerns have reared their heads and government has responded.

Technological Innovations Bring Profitable Changes to the Fayetteville Shale

by George Waldon 9/15/2014 12:00 am

New advances have enabled companies to drill deeper and more complex wells to tap the gas shale, too. Mixed in with the drilling improvements are new fracking techniques that increase the productivity of wells.

Report Finds Illegal Use of Diesel in Fracking; Companies Point to Changing Definitions

by Michelle Corbet 8/14/2014 3:32 pm

The Environmental Integrity Project says some oil and gas companies have continued the illegal injection of diesel fuel during hydraulic fracturing, including Southwestern Energy and ExxonMobil subsidiaries in the Fayetteville Shale.

Southwestern Energy Says Fayetteville Shale Outpaces Expectations

by Michelle Corbet 8/5/2014 10:50 am

Southwestern Energy of Houston says its natural gas wells in central Arkansas’ Fayetteville Shale Play and the Northeast United States’ Marcellus Shale have continued to outpace expectations in the second quarter.

New Algorithm Finds Production Potential for Shale Plays

by Michelle Corbet 8/4/2014 3:18 pm

A pair of oil industry consultants have devised an algorithm that provides new estimates on shale gas play production potential based on Estimated Ultimate Recovery (EUR), the approximate quantity of oil or gas that can potentially be recovered from a well or reserve.

Southwestern Energy's Fayetteville Shale Investment Steady in 2014

by Luke Jones 12/11/2013 10:04 am

Southwestern Energy Co. of Houston will invest $900 million in Arkansas' Fayetteville Shale Play next year, the same as in 2013.

Development of Shale Play Slows, but Other Pipeline Work Continues

by Luke Jones 5/27/2013 12:00 am

Even as the mad rush to develop the Fayetteville Shale slows, the pipeline construction business in Arkansas remains viable.

Southwestern Posts Loss in 4Q But Lauds Fayetteville Shale Results

by Luke Jones 2/21/2013 9:50 am

Southwestern Energy Co. of Houston reported a $355 million loss for its fourth quarter 2012, but praised activities stemming from its natural gas assets, including the Fayetteville Shale in Arkansas.

Study Finds no Groundwater Contamination From Fayetteville Shale Exploration

by Luke Jones 1/10/2013 9:54 am

A report from the United States Geological Survey stated that it did not find any groundwater contamination among 127 gas wells in the Fayetteville Shale.

Petroquest Sells Fayetteville Shale Assets for $9M

by Luke Jones 1/8/2013 9:49 am

PetroQuest Energy Inc. of Lafayette, La., announces that it is selling its Arkansas assets in the Fayetteville Shale for $9.2 million.

Southwestern Energy to Decrease Fayetteville Shale Spending

by Luke Jones 12/21/2012 8:44 am

Southwestern Energy Co. of Houston has stated it will spend less money on its Fayetteville Shale assets in 2013. The company plans to spend $830 million in the area next year, compared to a little more than $1 billion in 2012.

Mining Firm Freeport-McMoRan Buys 2 Energy Companies for $9 Billion

by Associated Press 12/5/2012 10:37 am

Mining company Freeport-McMoRan is buying a pair of oil and gas producers for $9 billion, creating a natural resources conglomerate with assets ranging from oil rigs in the Gulf of Mexico to mines in Indonesia.

Nature Conservancy Gets $900,000 from Southwestern Energy Co.

by Associated Press 11/9/2012 7:22 am

The Nature Conservancy says it will use a $900,000 gift from Southwestern Energy Co. to fund the first phase of the restoration of the Archey Fork area.

Shale Play Produces a Financial Boon for Boy Scouts, Game & Fish Commission

by George Waldon 9/10/2012 12:00 am

The Quapaw Area Council of the Boy Scouts of America and the Arkansas Game & Fish Commission have collected checks from natural gas concerns totaling more than $40 million during the last five years.