Senex, Jemena to accelerate Queensland Atlas coal seam gas project

Senex Energy and infrastructure operator Jemena have made an agreement to join forces to accelerate the proposed Atlas coal seam gas project in the Surat basin of southeast Queensland to deliver gas to the domestic market by late 2019. Source: News


Fitch: Defaults continue in US energy, despite higher oil prices

Defaults are still occurring in US energy despite higher oil prices, said Fitch Ratings, pointing specifically at exploration and production companies. In August 2016, the distress rate peaked with a 32.1% default rate for E&P companies. In January 2017 the default rate hit 19.7% for energy overall. Source: News


Court: Scotland opposes, didn’t ban fracing

Scotland has a government opposed to hydraulic fracturing but not a ban on the completion technique, the Court of Session in Edinburgh has ruled. Ineos Shale, which holds two petroleum exploration and development licenses between Glasgow and Edinburgh, welcomed the ruling even though it represented legal defeat.   Source: News


Gulfport Energy updates SCOOP Woodford well results

Gulfport Energy Corp., Oklahoma City, has updated recent well results on its SCOOP Woodford assets in Oklahoma’s southeastern Anadarko basin. The SCOOP play mainly targets the Devonian to Mississippian Woodford shale.  Source: News