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Lawmakers in both chambers of the Pennsylvania General Assembly have unanimously passed a bill requiring operators of unconventional oil and gas wells to report their production on a monthly basis, a similar practice in other major producing states. The bill is awaiting Gov. Tom Corbett's signature. Read More

Petroleos Mexicanos (Pemex) and Pacific Rubiales Energy Corp., which has a base in Colombia and claims to be the largest independent oil and gas producer in Latin America, have entered into a three-year memorandum of understanding (MOU) to analyze potential oil and natural gas cooperation in Mexico. This will include exploration, deep-water projects, revitalization of mature fields, heavy and extra-heavy oil onshore and offshore fields, high water production fields and other upstream activities. Read More

Castleton Commodities International (CCI) plans to invest $1.2 billion to develop a methanol manufacturing plant on the east bank of the Mississippi River in Plaquemines Parish, LA, south of New Orleans, the Stamford, CT-based commodities merchant said Friday. Read More

Magnum Hunter Resources Corp. keeps whittling away at its North Dakota portfolio, announcing late Thursday another deal to sell more of its nonoperated Bakken Shale assets, this time divesting 12,500 net acres for $84.7 million to a large undisclosed independent. Read More

The Pennsylvania Public Utility Commission has rejected a ruling by two administrative law judges that it should dismiss a petition by Sunoco Logistics Partners LP to be a public utility for the Mariner East pipeline. The PUC ordered more public hearings on the issue. Read More

The Bureau of Land Management has scheduled an oil and natural gas lease sale for the National Petroleum Reserve in Alaska to be held Nov. 19 in Anchorage. Read More

Analysts with Wells Fargo Securities LLC said natural gas processing capacity has been keeping pace with the significant growth of gas production in the United States, especially since the shale revolution. Read More

Continuing its push to divest non-core assets across the country in favor of its properties in the Utica and Marcellus shales, Magnum Hunter Resources Corp. has completed the sale of its non-operated working interests in Divide County, ND, for more than $23 million. Read More

Australia's BHP Billiton Ltd. has penned a cooperation agreement with Mexico's Petroleos Mexicanos (Pemex) to exchange technical knowledge, experience and practices for the offshore and onshore. Executives are hoping it will be for the long term. Read More

Warnings from some who claim sending too much U.S. natural gas overseas could cause severe domestic price spikes are short-sighted and don't account for... Read More