More Oil & Gas Drilling and Production News

Baker Hughes: US drilling rig count edges up to 1,855

May 9, 2014

The US drilling rig count edged up a unit to 1,855 rigs working during the week ended May 9, Baker Hughes Inc. reported.

EPA will seek comments on disclosing frac fluid ingredients

May 9, 2014

The US Environmental Protection Agency announced it will seek public comment on what information could be reported and disclosed for hydraulic fracturing chemicals and mixtures and the approaches for obtaining this information.

EIA estimates average Eagle Ford EUR at 168,000 bbl/well

May 9, 2014

The average estimated ultimate recovery (EUR) of wells drilled during 2008-13 in the Eagle Ford shale in South Texas was 168,000 bbl/well, according to the US Energy Information Administration.

OTC: ExxonMobil adopts global approach to subsea processing technology

May 7, 2014

ExxonMobil Corp. is approaching its research, development, and qualification of subsea processing technologies from a more global rather than project-specific perspective to help reduce costs and streamline schedules for future subsea projects, the company told a technical session on May 7 at the Offshore Technology Conference in Houston.

EIA seeks comments on proposed expansion of gas, oil production survey

May 7, 2014

To accommodate the rapid growth and shifting location of US natural gas and crude oil production, the US Energy Information Administration is proposing to expand the geographic coverage of its current monthly natural gas production survey and add collection of state-level data on crude oil and lease condensate production.

OTC: Robust US energy policy needed to strengthen economy, lawmaker says

May 7, 2014

Anticipated energy demand worldwide by 2050 will be such that industry will need to produce similar levels of oil and natural gas compared with today’s production levels, panelists told the Offshore Technology Conference on May 6.

Oil recovery of 70% is achievable at Johan Sverdrup, says Statoil

May 7, 2014

Statoil ASA reported that it has set a goal of recovering an average of 70% of the oil in its Johan Sverdrup field on the Norwegian continental shelf.

OTC: Oil spill prevention an international issue, DOE says

May 6, 2014

Oil spill prevention in the deepwater Gulf of Mexico and around the world is an international challenge where nations must work together to avoid another major incident, said Christopher Smith, principal deputy assistant secretary at the US Department of Energy, during a May 6 panel discussion at the Offshore Technology Conference in Houston.

Petrovietnam protests location of CNOOC drilling rig

May 6, 2014

Petrovietnam said it sent a protest letter on May 4 to the president of China National Offshore Oil Corp. regarding the position of a drilling rig, indicating it violated Vietnam’s “sovereign and jurisdiction rights.”

OTC: Pemex preparing for cultural transition as Mexico reforms energy laws

May 6, 2014

Mexico’s Petroleos Mexicanos (Pemex) is preparing for a major cultural transition while the country’s government moves to implement energy reforms ending a 75-year monopoly on discovering and developing oil and gas, a Pemex executive told the Offshore Technology Conference on May 6.

Rockefeller bill would expand carbon dioxide EOR tax credits

May 5, 2014

US Sen. John D. Rockefeller IV (D-W.Va.) introduced legislation that would increase tax credits for using carbon dioxide in enhanced oil recovery, and establish a certification process to help future projects obtain financing.

Oxy reports decrease in US, worldwide 1Q production

May 5, 2014

Occidental Petroleum Corp. reported that its oil and gas production volumes in the first quarter averaged 745,000 boe/d, down from 763,000 boe/d in first-quarter 2013.

DEEPWATER GULF DECOMMISSIONING–4 (Conclusion): Pace of decommissioning to accelerate over next decade

May 5, 2014

This final installment of our four-part series examining end-of-life production in the deepwater Gulf of Mexico (GOM) applies three forecast models to infer expected short, medium, and long-term decommissioning schedules for all GOM structures that sit in water deeper than 400 ft.

Oil-price patterns—2 (Conclusion): Biggest uncertainty among forces shaping oil price: politics

May 5, 2014

With the price of crude oil elevated in the first half of the 2000s by failure of world oil supply to keep pace with growing world oil demand—as was argued in the first article in this series—demand seems poised to grow again.

CO2-EOR set for growth as new CO2 supplies emerge

May 5, 2014

Development of large natural sources of CO2 in Colorado (McElmo Dome/Doe Canyon) and New Mexico (Bravo Dome) plus construction of high-volume CO2 pipelines enabled CO2 enhanced oil recovery (CO2-EOR) to achieve its first burst of growth in the Permian basin starting in the 1980s.

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