PennEnergy's Daily Oil & Gas News 12/8

Analyst: Eagle Ford Shale yields billionth barrel The Eagle Ford Shale oil and gas field in South Texas yielded its billionth barrel of crude oil, natural gas and condensate last month. …more>>
BLM considers New Mexico oil pipeline proposal A Colorado company plans to build a 140-mile pipeline across northwestern New Mexico that would be capable of carrying 50,000 barrels of crude oil a day. …more>>
Statoil extending offshore rig suspensions Due to overcapacity in the offshore rig portfolio the suspension periods for COSL Pioneer, Scarabeo 5 and Songa Trym have been extended. …more>>
EIA: U.S. natural gas reserves increase 10% in 2013 At the state level, Pennsylvania and West Virginia reported the largest increases in natural gas proved reserves in 2013, driven by continued development of the Marcellus Shale gas play. …more>>
Eni talks Mozambique gas development in Rome During the meeting, which was held in Rome, Eni’s CEO updated the President and his delegation on the progress on the development of ongoing projects in the country related to the Area 4. …more>>
McAda Fluids Heating expands to Niobrara and Rockies with new facility The new facility will allow McAda to provide custom, cost-effective services. …more>>
Teekay LNG signs charter contracts for newbuild liquefied natural gas carriers The vessels will operate as part of Shell's global LNG fleet under time-charters ranging in duration from six to eight years, plus extension options. …more>>
Select Sands announces start of test drilling at Arkansas frac sand property Select Sands Corp. is pleased to announce the commencement of a drill program on its Sandtown property in Northeast Arkansas, USA. …more>>