Examiner quoted EnCana CEO Randy Eresman:
EnCana has written off more than $1.7 billion on the shale gas assets on its books. The company expects additional write-offs in the near future. One of the main reasons for the write-offs is the current weak gas prices of $3.08/MMBTU, a price which dipped as low as $1.90/MMBTU in...
Examiner quoted EnCana CEO Randy Eresman:
EnCana has written off more than $1.7 billion on the shale gas assets on its books. The company expects additional write-offs in the near future. One of the main reasons for the write-offs is the current weak gas prices of $3.08/MMBTU, a price which dipped as low as $1.90/MMBTU in Apr-2012. Write-offs by other companies include:



San Leon Energy announced that it has been awarded four new blocks covering an area of 16 sq km through the addition of permits number 13, 14, 15 and 16, on its Tarfaya oil shale project area in Morocco.
In its Sep-2012 presentation, EV Energy Partners (EVEP) provided the Utica Shale plan for 2012.
The company initiated a process for monetization of all or part of Utica Shale WI position, and has retained Jefferies as its financial advisors.
Along with this it plans to continue de-risking the play, and...
In its Sep-2012 presentation, EV Energy Partners (EVEP) provided the Utica Shale plan for 2012.
The company initiated a process for monetization of all or part of Utica Shale WI position, and has retained Jefferies as its financial advisors.
Along with this it plans to continue de-risking the play, and implement midstream facilities.
View EVEP Sep-2012 presentation
View EVEP Utica Shale opportunity in the PLS Derrick Database
Noble Energy announced a 2013 capital program and guidance of $3.9 billion.
The company expects to invest:
$1.7 billion in the DJ Basin to accelerate the horizontal Niobrara drilling program to include 300 horizontal wells in 2013
$750 million in the Marcellus Shale to support the drilling of...
Noble Energy announced a 2013 capital program and guidance of $3.9 billion.
The company expects to invest:
These investments are expected to enable 2013 sales volumes to average between 270 to 282 MBOE/d.
Charles D. Davidson, Chairman and CEO, Noble Energy, stated, "Noble Energy is continuing to deliver our aggressive growth plans announced last year. For a second straight year, production is projected to grow at strong double-digit rates… Exploration remains a key component of the 2013 program which will include the testing of several very material opportunities."
Shell signed a Production Sharing Act (PSA) with Ukraine for the Yuzivske shale gas field located in the Donetsk and Kharkiv regions. According to the PSA, Shell will hand over 31-60% of the extracted gas to the government.
Environment and Natural Resources Minister Oleh Proskuryakov said, "Shell's basic...
Shell signed a Production Sharing Act (PSA) with Ukraine for the Yuzivske shale gas field located in the Donetsk and Kharkiv regions. According to the PSA, Shell will hand over 31-60% of the extracted gas to the government.
Environment and Natural Resources Minister Oleh Proskuryakov said, "Shell's basic scenario would be investing more than $10 billion, optimistic scenario - $50 billion".
The reserves are estimated to be 2 Tcm (70.63 Tcf).
In May-2012, Shell was awarded the right to explore and develop the Yusivska gas field in the eastern Donetsk and Kharkhiv region of Ukraine.
Concurrently, Chevron was awarded the rights to the Olesska field in the western region of Lviv, Ukraine.
In Jun-2012, Eni acquired interest in nine shale gas licenses in Ukraine.
Europe-based upstream independent, San Leon is piloting the use of Enefit Outotec Technology (EOT) in an initial study at the Tarfaya Oil Shale Project in Morocco.
Initial results suggest the Enefit 280 process is commercially viable, with an achievable yield of 72 liters of oil per ton of extracted...
Europe-based upstream independent, San Leon is piloting the use of Enefit Outotec Technology (EOT) in an initial study at the Tarfaya Oil Shale Project in Morocco.
Initial results suggest the Enefit 280 process is commercially viable, with an achievable yield of 72 liters of oil per ton of extracted material.
Company is seeking partners to establish a 5-10 Mbbl/d processing plant at the site.
Reuters reports,
Sinopec has launched its first shale gas project (Fuling block in the gas-rich southwestern city of Chongqing) and plans to develop production capacity of 300-500 MMcm/y by the end of this year
China aims to produce 6.5 Bcm of shale gas by 2015, or roughly 6% of China's current total gas...
Reuters reports,

In its strategic plan presented on 30-Aug-2012, YPF revealed that it has made five new shale discoveries in Argentina.
Three in D-129 formation in the Golfo San Jorge Basin
Two gas discoveries in Vaca Muerta Basin
About the Golfo San Jorge
The three successful exploratory wells are: LP.xp-2529, Ech.xp-159...
In its strategic plan presented on 30-Aug-2012, YPF revealed that it has made five new shale discoveries in Argentina.
About the Golfo San Jorge
About the Vaca Muerta
View YPF 30-Aug-2012 Strategy presentation
Rex Energy announced initial production results from its first Ohio Utica Shale well and provided an update on its operations.
Warrior Prospect, Carroll County, Ohio
The Brace #1H was brought online to sales from its 60-day resting period at a 24-hour sales rate, assuming full ethane recovery, of 1.09 MBOE/d. Based on...
Rex Energy announced initial production results from its first Ohio Utica Shale well and provided an update on its operations.
Warrior Prospect, Carroll County, Ohio
PKN Orlen agreed to purchase two Polish shale gas licenses, Wodynie-Luków and Wolomin, from ExxonMobil.
The companies have filed an application with the Ministry of Environment requesting approval for the assignment of these licenses to PKN Orlen.
About the licenses
The two...
PKN Orlen agreed to purchase two Polish shale gas licenses, Wodynie-Luków and Wolomin, from ExxonMobil.
The companies have filed an application with the Ministry of Environment requesting approval for the assignment of these licenses to PKN Orlen.
About the licenses
Wieslaw Prugar, President of the Management Board of ORLEN Upstream, said, "Analyses of the archived geological data, as well as of the newly collected samples, have encouraged us to broaden the scope of our exploration operations within the Podlasie basin.."

Norwest Energy announced that it has resumed flow testing operations at its Arrowsmith-2 unconventional shale gas well. The well is located on EP413 in the north Perth Basin, Western Australia and targets the Kocatea Shale reservoir.
Highlights
Norwest had shut in Arrowsmith-2 in Dec-2012 at the conclusion of swabbing operations to monitor pressure build-up characteristics of the fracture stimulated zone.
The JV partners in Arrowsmith-2 are Norwest Energy (27.945% , operator), AWE (44.252%) and Bharat PetroResources (27.803%).

Delphi Energy has bought another 26.8 net sections of acreage in the Montney region of British Colombia in Canada, for C$13.65 million ($13.39 million). The company reported an average metric of C$796/Acre.
Post-transaction, Delphi's land position in the Bigstone Montney play grew by 40% to 93 net sections.
Reuter reports:
Citing public concern, the government of the Canadian province of Quebec is seeking to impose a moratorium on fracking. Quebec is rich in shale gas deposits, but has plentiful hydro energy. Its' minority Parti Quebecois government needs opposition support to adopt the bill, which would last a maximum...
Reuter reports:
Citing public concern, the government of the Canadian province of Quebec is seeking to impose a moratorium on fracking. Quebec is rich in shale gas deposits, but has plentiful hydro energy. Its' minority Parti Quebecois government needs opposition support to adopt the bill, which would last a maximum of five years. It would ban gas exploration and extraction in the Lowlands region of the St Lawrence River, site of the rich Utica and Lorraine shale gas formations.
The bill would add legal backup to an effective ban on using fracking technology now in force.
Quebec is among several jurisdictions that have stopped companies from using fracking.

YPF aims to fund 12% of its planned $37.2 billion capex through a partnership for the development of its shale assets.
Shale partner will have a 50% WI in the first cluster of 250 sq km

PetroShale, in partnership with operator Slawson Exploration Co Inc, successfully completed the appraisal of the 40,000 acre Mondak shale play in the upper Bakken Shale.
Highlights
Based on the results of these test wells, PetroShale and Slawson will start a two-rig, two wells per month program immediately, increasing to three rigs in Q4-2013.

In its Dec-2012 Investor Presentation, Carrizo Oil & Gas provided an update of its operations in the US. Carrizo's strategy in 2012 was to focus on liquid plays in the Eagle Ford and the Niobrara, development and delineation of the Marcellus Shale and maintain Barnett Shale asset as a low risk natural gas option.
Eagle Ford
Niobrara
Marcellus
Barnett Shale
View Carrizo Oil & Gas Dec-2012 presentation

Norwest Energy has completed an extensive review of the Perth Basin, Arrowsmith-2 Kockatea Shale dataset, and believes it could be the first successful shale oil project in Australia.
The Kockatea Shale is 450m thick at Arrowsmith-2, potentially high-grading up to a 200m thick section capable of producing shale oil and wet gas. Kockatea Shale showed maximum gas rate of 414 Mcf/d.
EP413/Arrowsmith-2 Project JV Stakeholders: Norwest Energy (28%, Operator) AWE (44%) and BPCL (28%).
Reuter reports:
YPF and Chevron signed an agreement on 15-May-2013 approving Chevron's $1.5 billion investment in Vaca Muerta shale field, Argentina.
The agreement includes a pilot project to drill more than 100 non-conventional wells over the next 12 months. The drilling campaign will target Vaca Muerta,...
Reuter reports:
YPF and Chevron signed an agreement on 15-May-2013 approving Chevron's $1.5 billion investment in Vaca Muerta shale field, Argentina.
The agreement includes a pilot project to drill more than 100 non-conventional wells over the next 12 months. The drilling campaign will target Vaca Muerta, specifically in Loma La Lata Norte and Loma Campana in Neuquen province for un-conventional resource development.