More Drilling Operations News

Moody’s: E&P spending to dip as crude oil prices slide

Nov 25, 2014

Weakening crude oil prices will cut exploration and production spending by independent producers in the US next year and make integrated oil and gas companies wary of upstream projects dependent on a price of $80/bbl, according to Moody’s Investors Service.

BHI: Oklahoma, Cana Woodford lead gains in this week’s rig count

Nov 21, 2014

A week of mostly offsetting activity saw the US drilling rig count edged up a single unit to 1,929 rigs working during the week ended Nov. 21, Baker Hughes Inc. reported.

National Forest in Va., W.Va., leaves fracing to state governments

Nov 18, 2014

The George Washington National Forest in Virginia and West Virginia will allow some oil and gas activity using hydraulic fracturing and horizontal drilling under its new final forest plan, which was released in Roanoke, Va., on Nov. 18.

Mexico moving quickly to implement energy reforms, officials report

Nov 14, 2014

Mexico is moving quickly to implement its aggressive energy reforms, two officials of its government told a conference at the Woodrow Wilson International Center for Scholars. “My office has a very tight schedule where we’ll publish all the terms for the first shared contracts by the end of this month, and into next year,” said Maria de Lourdes Melgar Palacios, hydrocarbons undersecretary in the country’s hydrocarbons secretariat.

BHI: Gains in Utica, Ohio headline latest US rig count

Nov 14, 2014

The US drilling rig count was up 3 units to reach 1,928 rigs working during the week ended Nov. 14, with notable gains in Ohio and more specifically the Utica basin, Baker Hughes Inc. reported.

American Energy unit adds SCOOP, STACK acreage in Oklahoma

Nov 13, 2014

American Energy–NonOp LLC (AENO), an affiliate of American Energy Partners LP (AEP), Oklahoma City, has completed a series of transactions with Double Eagle Energy Holdings LLC, Ft. Worth, and several other parties to acquire nonoperated working interests in the SCOOP and STACK resource plays in southern and central Oklahoma for $251 million.

Encana completes acquisition of Athlon Energy

Nov 13, 2014

Encana Corp. now holds a premier 140,000 net acre spread in the oil-rich Permian basin after successfully acquiring Fort Worth-based Athlon Energy Inc. for $7.1 billion.

FWS lists Gunnison sage grouse as a threatened species

Nov 12, 2014

The US Fish and Wildlife Service listed the Gunnison sage grouse—a ground-dwelling bird found only in southwestern Colorado and southeastern Utah—as a threatened species under the federal Endangered Species Act. Government officials in both states and oil and gas producers called the action unnecessary while environmental organizations said it did not go far enough.

Triple Crown advances Kansas drilling in 2015

Nov 12, 2014

Triple Crown Energy LLC, Tulsa, has closed on separate joint ventures with US Energy Develoment Corp. (USEDC) and Millennial Energy Partners LLC. Triple Crown plans to drill 24 vertical wells on its Kansas acreage holdings in 2015.

New API standards cover offshore drilling, production structures

Nov 11, 2014

The American Petroleum Institute published five new recommended practices (RPs) for the design, construction, and maintenance of structures used in offshore oil and gas drilling and production.

Bakken, deepwater Gulf of Mexico to boost Hess’s production

Nov 11, 2014

Hess Corp. plans to increase its production growth rate forecast by 6-10%/year during 2013-18, assuming $90-100/bbl Brent, anchored by production in the Bakken shale and deepwater Gulf of Mexico, the company said Nov. 10 during an investor presentation in Houston.

TAEP: TPI continues record pace, but threatened by falling oil prices

Nov 10, 2014

The Texas Petro Index (TPI), a composite index based on a comprehensive group of upstream economic indicators released by the Texas Alliance of Energy Producers (TAEP), continued on its record pace in September, reaching a score of 312.3, up 6% compared with September 2013.

BHI: US rig count down slightly during October, past week

Nov 7, 2014

The US drilling rig count dropped 4 units to settle at 1,925 rigs working during the week ended Nov. 7, Baker Hughes Inc. reported.

Overcapacity causes Statoil to suspend two rigs

Nov 6, 2014

Statoil ASA will suspend the Transocean Spitsbergen and Songa Trym drilling rigs for the remainder of the year—and may choose to extend the suspension beyond that period—following completion of work in mid-November because of overcapacity in its rig portfolio.

Sembcorp Marine gets contract for new jack up

Nov 5, 2014

BOT Lease Co. Ltd (BOTL), a leasing company of The Bank of Tokyo-Mitsubishi UFJ, has let a $240-million contract to Sembcorp Marine subsidiary PPL Shipyard to build a jack up drilling rig. Japan Drilling Co. Ltd. (JDC) will serve as project coordinator.

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