Marginal wells and fields are stripper wells and fields operating near their economic limits or with development not meeting a company’s economic or risk criteria.
The July natural gas contract price rebounded May 27 but failed to narrow the significant divergence between natural gas and crude prices that opened in the New York futures market as the expiring June contract fell in the three previous sessions.
If US lawmakers are correct when they say Americans want action on energy policy, the chief motivation almost certainly is the elevated price of gasoline.
The first leg of the Baku-Tbilisi-Ceyhan (BTC) oil export pipeline was inaugurated May 25 in an official ceremony at the head pump station in the Sangachal terminal near Baku.
India is not a top-tier producer of oil or natural gas, but it is certainly making itself felt in energy markets around the globe, not least due to an aggressive new policy of oil diplomacy.
Natural gas storage levels may be up, but the Natural Gas Supply Association expects upward price pressure this summer as US demand grows amid unchanged overall import levels and a return to normal summer weather.
Conventional wisdom says coastal property owners still have enough political muscle to scuttle any Outer Continental Shelf oil and gas activity in the Lower 48 states outside the Central and Western Gulf of Mexico.
Federal Energy Regulatory Commission Chairman Patrick Wood III lists formation of a market oversight office among accomplishments during his approximately 4-year tenure.
A sample of oil and natural gas firms based in Canada reported a collective decline in first quarter earnings as compared with the same period a year earlier.
International energy firm Scottish Power PLC has agreed to sell its US utility PacifiCorp to MidAmerican Energy Holdings Co., Des Moines, for $9.4 billion, including $5.1 billion in cash and the assumption of $4.3 billion in net debt and preferred stock.
A revival of the 19th century “Great Game” has been playing out over the past decade for control and development of untapped oil and gas resources in and around the Caspian Sea.
Marginal or stripper wells contribute significantly to US oil and gas production, as shown in the Interstate Oil and Gas Compact Commission’s (IOGCC) latest study.
Successive revamps of Qatar Petroleum’s acid-gas-removal unit (AGR) at the Mesaieed NGL plant increased the unit’s treatment capacity without loss in gas purification efficiency and at minimal capital cost.
Korea Gas Corp. (KOGAS) operates 1,525 miles of natural gas transmission pipelines in South Korea, a geographically small country but with a high population density.
