More Oil & Gas Drilling and Production News

Bakken field production reaches 1 billion bbl mark

Apr 28, 2014

Citing data from IHS, Continental Resources Inc. reported that Bakken field has surpassed 1 billion bbl of cumulative light, sweet crude oil production during this year’s first quarter.

EIA: Marcellus gas production continues to outpace takeaway capacity

Apr 25, 2014

Rising production of natural gas in the Marcellus shale play in the Appalachian basin continues to outpace the growth in the region’s pipeline takeaway capacity, which has led to supply backups in the region, the US Energy Information Administration reported in a weekly gas report.

Baker Hughes: US drilling rig count leaps to 1,861

Apr 25, 2014

The US drilling rig count jumped 30 units to reach a total of 1,861 rigs working during the week ended Apr. 25, Baker Hughes Inc. reported. The US now has 107 more rigs working compared with this week a year ago.

Gazprom loads first oil shipment from Arctic’s Prirazlomnoye field

Apr 21, 2014

JSC Gazprom Neft has loaded its first shipment of oil produced from Prirazlomnoye field, 60 km offshore in the Russian Arctic shelf. The field was discovered in 1989 and is the only Russian hydrocarbon development project in the Arctic shelf.

Speakers debate states' oil, gas role at GMU conference

Apr 21, 2014

States are better qualified than federal and local governments to regulate hydraulic fracturing and other unconventional oil and gas activities, two speakers agreed at an energy and environment conference at George Mason University's School of Law.

Oil and gas symbols

Apr 21, 2014

Believed to be about 40,000 years old, the "Lion Man" from the Swabian Alps in Germany is widely accepted as the world's oldest known statue.

Petrobras hits production record in Santos, Campos basins

Apr 21, 2014

Petroleo Brasileiro SA (Petrobras) recently reached an oil production record of 428,000 b/d in company-operated fields in the Santos and Campos basins.

Suncor reports oil sands employee fatality

Apr 21, 2014

Suncor Energy Inc. reported that an employee fatality occurred at its oil sands site on Apr. 20.

Baker Hughes: US drilling rig count holds steady at 1,831

Apr 17, 2014

The US drilling rig count was unchanged from a week ago at 1,831 rigs working during the shortened holiday week that ended Apr. 17, Baker Hughes Inc. reported.

US gas reserve growth in 2013 was robust, AGA estimates

Apr 17, 2014

US natural gas producers added more than 35 tcf of reserves in 2013, the American Gas Association said in its latest annual preliminary estimate based on reported results by the 30 largest companies representing more than half of the total US production and reserves.

Proposal would create patchwork of regulations in Colorado

Apr 16, 2014

Colorado appears poised to consider a ballot measure this November that, if passed, could lead to a patchwork of local rules for oil and gas development.

OTHER REGIONAL Briefs

Apr 16, 2014

Baseline water testing rule to remove ambiguity in Wyoming

Apr 16, 2014

Wyoming has adopted a rule that calls for operators to perform baseline testing of area groundwater before and after drilling.

BHP plans to double Eagle Ford output by 2016

Apr 16, 2014

BHP Billiton is focusing the bulk of its US onshore spending on the Eagle Ford shale this year and seeing promising results from field trials aimed at increasing production and reducing costs at its wells in the South Texas shale play.

Total lets $3.5 billion subsea contract for Kaombo off Angola

Apr 16, 2014

Total E&P Angola has let a contract to a consortium comprised of Technip SA and Heerema Marine Contractors for the engineering, procurement, construction, installation, and pre-commissioning of subsea umbilicals, risers, and flowlines for the Kaombo project on Block 32 offshore Angola. The deal is worth $3.5 billion, distributed 55% to Technip and 45% to Heerema.

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