A Pennsylvania court case that has the potential to reverse a century of case law and several Marcellus shale gas leases has been appealed to the state's Supreme Court.

Activity related to the Tyler Formation is spilling from North Dakota to South Dakota, amid industry speculation that the play could contain significant crude reserves.

China is planning on implementing a value-based tax on sales of natural gas and oil throughout the nation starting in November, according to a statement made by the Ministry of Finance on October 10.

Although oil production is not new to Ohio, it is gaining more of a presence in the production that is stemming from the Utica shale.

Brokerage firm Wunderlich Securities announced on October 13 that it has initiated coverage of Master Limited Partnership (MLP) Tesoro Logistics LP (TLLP:NYSE) with a BUY rating and target share price of C$27.50.

Magellan Midstream Partners, L.P., a master limited partnership (MLP) formed to own energy assets, announced that its Q311 distribution would be C$0.80 per common unit, which was above the estimates of brokerage firm Wunderlich Securities.

Investment bank Dundee Securities recently began covering Wild Stream Exploration (WSX:TSXV) and provided it with a Buy rating and a target share price of C$14.50.

Drilling equipment provider Trinidad Drilling Ltd. (TDG:TSX) recently released its 3Q11 results, which indicated that EBITDA for the period was C$69 million, slightly above the consensus estimate of C$67 million.