Oil & Gas Journal Articles, Jul 2007

Regular Features
- OGJ Newsletter
  - OGJ Newsletter
    The trends of declining natural gas well productivity and reserves-to-well ratios are expected to continue through 2015 across all 50 gas basins in the US and Canada, Cambridge Energy Research Associates and IHS reported.
- Journally Speaking
  - The oil story in numbers
    For most of its 105 years in print, Oil & Gas Journal has published multiple series of industry statistics.
- Editorial
  - Energy veto bait
    The US Congress has acted out many of its demagogic whims on energy. A few more are in prospect.
- Area Drilling
  - Area Drilling
    Paramount Resources Ltd., Calgary, is rigging up two rigs newly built by the company to drill horizontal Bakken shale/Birdbear oil wells in western North Dakota.
- Equip/Software/Lit
  - Equipment/Software/Literature
    NeoDriller, a new online service, provides up-to-date oil and gas well drilling information on a global basis.
- Editor's Perspective
  - Senate’s energy bill pushes US down wrong road
    Throw away the apple from a bowl of rotten fruit, and what do you have?
- Market Journal
  - Higher prices threaten demand
    Demand for crude may fall if prices exceed $80/bbl, said analysts in the Houston office of Raymond James & Associates Inc.
Print Ad Index
- Print Ad Index
  Print Ad Index
General Interest
- SPECIAL REPORT: Economic growth boosting US, global energy demand
  Energy demand will increase in the US and worldwide this year as the global economy continues to grow.
- SPECIAL REPORT: US drilling growth slower as Canada faces large decline
  Rising costs are slowing the recent rate of drilling growth in the US and savaging drilling in Canada.
- Lehman Bros.: 2007 E&P budgets boosted to $308 billion
  Global exploration and production spending is expected to increase 13% to $308 billion, said Lehman Bros. Inc., New York.
- Congress approaches year’s second half in punitive mood
  The US oil and gas industry faces a Congress in a decidedly punitive mood as 2007’s second half begins.
- EPA proposes reduction in national ozone limits
  The US Environmental Protection Agency has proposed the first reduction in the national ambient air quality standard (NAAQS) for ground-level ozone since 1997.
- Watching Government: The Russian energy view
  Russia indisputably is a growing force in world energy. That’s why it’s good to periodically hear the perspectives of actual Russians.
- IEA reports industrial energy efficiency analysis
  Changes to manufacturing technology worldwide could cut energy use 18-26% and also reduce carbon dioxide emissions, the International Energy Agency said in a report released June 25 in Paris.
- IEA urges Germany to reconsider nuclear strategy
  Germany is in danger of increasing carbon emissions because of a proposal to shut down its nuclear power plants within the next 15 years, the International Energy Agency warned in a review of the country’s energy policy.
- Watching the World: Khodorkovsky’s 44th birthday
  Supporters of former OAO Yukos Chief Executive Mikhail Khodorkovsky gathered in Moscow last week to celebrate his 44th birthday, and reports say that things went well enough.
- Oil worker killed, five wounded in Yemeni attack
  One oil worker was killed and five wounded on June 23 when a Yemeni guard opened fire on a group of workers at an Occidental Petroleum Corp. site in Yemen’s Shabwa province, about 300 miles south of the capital of Sanaa.
- More oil firms join Statoil’s Mongstad carbon test center
  DONG Energy, Hydro ASA, and Royal Dutch Shell PLC agreed to cooperate with Statoil ASA in planning a carbon capture and storage (CCS) test center at a combined heat and power station (CHP) being constructed at Statoil’s 200,000 b/cd Mongstad refinery.
Exploration & Development
- Magnitude of undiscovered resource in Iraq’s western desert in dispute
  The issue of accuracy in reporting oil and gas reserves and resources in the Middle East gulf region has been a cause for professional concern inside and outside the region for many decades
- Ghadames fueling Tunisian oil production growth
  The Ghadames basin in southern Tunisia has become a core area for Pioneer Natural Resources Co., Dallas, which is operating or participating in oil and gas-condensate developments on several blocks.
Drilling & Production
- FX Energy drilling in Poland’s Permian basin
  FX Energy Inc., Salt Lake City, focuses on conventional oil and gas resources in Poland’s Permian basin.
- London’s Aurelian drills its first well in Poland
  Aurelian Oil & Gas PLC, a London-based exploration and production company, prospects in central Europe: Poland, Romania, Slovakia, and Bulgaria.
- Models provide insights on North American gas future
  Models using a history match of past production and a bell-curve approach provide an insight to the various estimates for ultimate recovery of conventional and unconventional gas resources in North America.
Processing
- FIRST-HALF 2007 US OLEFINS: Gasoline price spike shifts ethylene feeds
  Extraordinary price volatility in the motor gasoline market had a significant effect on spot prices and price-value relationships for ethylene feedstocks; but prices for primary coproducts lagged the surge in gasoline and feedstock prices.
- Nelson-Farrar Quarterly Costimating: How Nelson-Farrar indexes of chemical costs have changed
  The costs of two important chemicals used in crude refining changed very little during 2004-06, while the costs of three others varied significantly.
Transportation
- US NATURAL GAS- Conclusion: Rockies Express faces downstream bottlenecks
  Kinder Morgan’s Rockies Express Pipeline needs capacity downstream from its Clarington, Ohio, terminus to expand before it can fully address growing demand in the Northeast.

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Issue 25

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Oil & Gas Journal

Regular Features

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Journally Speaking

Editorial

Area Drilling

Equip/Software/Lit

Editor's Perspective

Market Journal

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