As happens occasionally, the US oil and gas industry finds itself trapped in the dangerous intersection of High Oil and Gas Prices and Stellar Profits.
The Bureau of Land Management has experienced a sharp increase in demand for Rocky Mountain natural gas drilling permits, and the Interior Department agency expects it to continue, its director told a US Senate subcommittee.
When the US House Resources Committee marked up budget reconciliation legislation last month, the section that would authorize oil and gas leasing on the Arctic National Wildlife Refuge’s coastal plain received most of the attention.
Less than 2 weeks after the US House of Representatives passed a bill on the same subject, the Senate took up legislation aimed at increasing domestic refining capacity.
Interior Sec. Gale A. Norton and Energy Sec. Samuel W. Bodman probably expected to spend most of their time discussing their agencies’ responses to Hurricanes Katrina and Rita when they went before the Senate Energy and Natural Resources Committee on Oct. 27.
L ike a professional sports event, refining legislation before the 109th Congress has reached a point where you can’t tell the players without a program.
Scientists recently used the drillbit seismic technique to image fractures and shear zones associated with the San Andreas fault near Parkfield, Calif. Low-level energy produced by the drillbit served as a downhole seismic source, and the wave response was measured by an array of geophones at the surface.
Steady progress in petroleum geophysical methods enhances interdisciplinary asset management, a work pattern central to the modern upstream oil and gas industry.
Energy market concerns about price-driven demand destruction are “way overblown,” and oil demand has “held up remarkably well in the face of record oil prices” so far this year, said analysts in the Houston office of Raymond James & Associates Inc.
Both sides of the 109th Congress have moved closer to authorizing federal oil and natural gas leasing in the Arctic National Wildlife Refuge as part of the budget reconciliation package on Oct.
Overland Park, Kan., has announced the appointment of Dean Oskvig, currently COO of B&V Energy, to president and CEO of B&V Energy and member of the board of directors.
Most US readers know that the Gulf of Mexico dominates US gas reserves and production, that heavy gas drilling in Rocky Mountain states is bringing on large volumes of so-called unconventional supplies, that the country also leans on gas from Canada, and that it is gearing to ramp up LNG imports.
The third quarter began normally and unremarkably in July, but in August and September nearly everything imaginable occurred that might limit propane production from US gas plants and refineries.
