Drilling Production 2001 P

08/14/2001 -- Canadian oil sands research keeps production competitive
A joint research program has facilitated Canadian oil sands development. In the photo, Syncrude Canada Ltd. reinstalls a 'stretched' coker.
08/13/2001 -- Magnum Hunter makes $32.2 million acquisition of gas and oil properties
Magnum Hunter Resources Inc. of Irving, Tex., said Monday it signed a definitive agreement to buy Delaware Basin oil and natural gas reserves, along with other related assets, in Eddy and Lea Counties, N.M., from Mallon Resources Corp. for $32.2 million.
08/10/2001 -- Rotary rig count falls slightly in US, rises in Canada
The weekly rotary rig count fell by 18 in the US and its waters, but rose 51 in Canada, said Baker Hughes Inc., Houston. This week there were 1,248 rotary rigs working in the US and its waters and 320 working in Canada. A year ago the numbers were 976 and 312 respectively.
08/10/2001 -- Veba brings Dutch oil field on stream
German company Veba Oil Nederland BV has brought on stream the Hanze oil field in the North Sea off the Netherlands. The initial rate is 11,000 b/d, but peak production of 30,000 b/d is expected by yearend.
08/10/2001 -- Statoil submits $1.9 billion Kristin plan of development
Statoil AS has submitted to authorities a 17 billion kroner ($1.9 billion) plan of development and operation of its Kristin gas and condensate field in the Norwegian Sea. The Norwegian gas sales authority selected Kristin to supply gas for sale earlier this summer.
08/10/2001 -- Iraq again
Eleven years after Iraq invaded Kuwait, Saddam Hussein continues to complicate world oil markets and governments.
08/09/2001 -- Vintage acquires Argentina blocks from Shell unit
Vintage Petroleum Inc., Tulsa, agreed to acquire producing properties in the Cuyo basin of Argentina from a unit of Royal Dutch/Shell Group for $50.4 million. The blocks are near its existing concessions in the basin.
08/09/2001 -- Market watch: Oil futures prices retreat
Futures prices for oil and refined products dropped in international markets Wednesday, wiping out the previous day's gains in most cases.
08/08/2001 -- Shell, partners to evaluate oil sands projects in Athabasca area
Shell Canada Ltd. will lead an evaluation of long-term development opportunities on its oil sands resources in the Athabasca area of Alberta, joined by its partners in the Athabasca Oil Sands Project, Chevron Canada Ltd. and Western Oil Sands Inc.
08/08/2001 -- Talisman says no damage to Sudan oil field after rebel attack
Talisman Energy Inc. says there was no damage to the Heglig oil field in central Sudan after a Sunday attack by rebels opposed to the Khartoum regime. The company said production was briefly suspended and then resumed after the attack by a commando unit of the Sudan People's Liberation Army. (SPLA).
08/08/2001 -- ExxonMobil awards Kizomba-A FPSO contract to three-company consortium
ExxonMobil Corp. awarded a three-company consortium led by Hyundai Heavy Industries Co. Ltd. of South Korea a contract to build a floating production, storage, and offloading facility for its Kizomba four-field complex off Angola. Other partners are Fluor Corp. and AMEC PLC.
08/07/2001 -- Dynegy to build gas processing plant in Chico, Tex.
Dynegy Inc., Houston, plans to build a second natural gas processing facility in Chico, Tex., adjacent to its existing plant. The 150-MMcfd facility will bring capacity at Chico to 250 MMcfd.
08/07/2001 -- Sinopec strikes natural gas discovery in southwestern China
China Petroleum & Chemical Corp. (Sinopec) said a recent well "remarkably upgraded the production capacity of Jiannan gas field" in Jianghan oil field. The field is near southwestern China's Chongqing City.
08/06/2001 -- DOE plans yet another review of federal energy research programs
Invited panels of industry experts, elected officials, and other interested parties will participate in a review of federal oil and gas research programs at afternoon public hearings over the next 2 weeks in Denver, Pittsburgh, and Houston, US Energy Sec. Spencer Abraham announced Monday.
08/06/2001 -- Apache drills 21.9 MMcfd well on Khalda concession
Apache Corp. said Yasser 19 well on its Khalda concession in Egypt's Western Desert tested at 21.9 MMcfd of gas and 1,560 b/d of condensate. Khalda averages gross production of 200 MMcfd of gas and 40,000 b/d of liquid hydrocarbons.
08/06/2001 -- A shaky proposition: a $3/MMbtu natural gas floor price holding this year
The notion of natural gas prices holding at a $3/MMbtu floor looks increasingly like a shaky proposition in the weeks to come.
08/03/2001 -- Rotary rig count stable in US, falls in Canada
The number of rotary rigs working this week in the US and its waters was the same as last week, but Canada's count fell slightly, said Baker Hughes Inc., Houston, in its weekly count. There were 1,266 rotary rigs working in the US and its waters. A year ago, the count was 981.
08/03/2001 -- Cairn finds oil, gas in block off India; tests planned
Cairn Energy PLC has made a third hydrocarbon discovery on Block KG-DWN-98/2 off Andhra Pradesh, Eastern India, with well DWN-P-1. The Prospect P well was drilled 12.5 km northwest of the R gas discovery. It has not yet been tested.
08/02/2001 -- House passes broad energy bill, narrowly approves ANWR exploration
The US House of Representatives voted 240-189 Thursday to approve a sweeping bill that contains key portions of the Bush administration's energy blueprint, including approval of leasing of the Arctic National Wildlife Refuge coastal plain. The Senate, controlled by Democrats, is likely to oppose some of the drilling provisions.
08/01/2001 -- White House backs oil, gas tax breaks in House energy package
Rep. Bill Thomas (R-Calif.), House Committee on Ways and Means chairman, Wednesday said the White House endorses $13 billion in tax incentives for the oil and gas industry proposed in the committee bill. The Bush administration's own energy blueprint, on which the House bill was based, did not endorse similar incentives.

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Drilling Production 2001 P