Editorial: Dollars and politics
The US oil and gas industry, politically unpopular and publicly misunderstood, spent its political money on a losing cause in this year’s general election.
Special Report: Producers, regulators address Marcellus shale gas challenges
The Marcellus shale, which extends 575 miles across parts of three eastern US states, is thought to hold as much as 500 tcf of natural gas, about 50 tcf of which is considered recoverable.
Special Report: Analysts see no trend of insider stock sales
In early October, top executives of two large independent production companies, Chesapeake Energy Corp. in Oklahoma City and XTO Energy Inc. in Fort Worth, separately sold large blocks of personally owned stock in their companies.
Capital spending cuts will delay oil sands projects
Suncor Energy Inc. and Petro-Canada are trimming their capital expenditure budgets and delaying some of the plans for their oil sands production projects next year.
GAO: More verification of MMS RIK production needed
The US Minerals Management Service could improve oversight of its oil and gas royalty-in-kind (RIK) program by verifying more production data through third parties and improving reports of benefits and costs, the Government Accountability Office said on Oct. 29.
Watching Government: BLM’s Utah plans
New resource management plans (RMPs) for five of the US Bureau of Land Management’s six Utah field offices received final approval Oct. 31.
Brazil’s oil development bonanza shapes up
Brazil’s Petroleo Brasilerio SA (Petrobras), even as it eyes greater output for the future, exported a record 574,000 b/d of oil in October, breaking the previous monthly high of 532,000 b/d in April.
Watching the World: Credit crunch impacts E&P
How the oil and gas industry will be affected by the election of Barack Obama as president of the US remains to be seen.
Uncertainty afflicts International Gas Summit participants
Uncertainty was the hallmark of the 13th International Gas Summit in Paris Oct. 22-23, reflecting the current world financial turmoil and looming economic slowdown.