Oil price sensitivity heightened as $5 WTI change moves cash flow by $350 million.
Chongqing holds over 2 trillion cubic meters of exploitable shale gas, according to the municipal government.
In addition, Denver-based PDC announced its borrowing base increased to $700 million from $450 million following the recently completed semi-annual redetermination of its revolving credit facility.
Petro River's executive vice president, Daniel Smith, said that investors and the industry are becoming more involved in the area.
For about $17 million, acreage in several East Texas counties was given to an affiliate of Quantum Energy Partners, ZaZa said.
The partnership takes an unconventional approach with opportunities in the Eagle Ford and Cooper Basin.
FourPoint and EnerVest have already accumulated more than 160,000 net acres over the Granite Wash.
Swift Energy in July quietly entered a small joint venture with Indonesia’s PT Saka Energi to develop a parcel of the Eagle Ford Shale within the largely forgotten lean gas window.
ZaZa will receive about $17 million, in total consideration, of cash and the right to receive Quantum’s interest in the next 15 joint venture wells in the area.
Cone Midstream Partners LP will provide the two companies with gathering services in the Marcellus, Consol said.
Carrier will have the right to participate in 49% of Panther's working interest in wells drilled.
The agreement covers a defined area of 8,011 net mineral acres in Dundy County and provides for the drilling of up to 10 wells.