More Oil & Gas Drilling and Production News

Federal judge issues preliminary injunction of BLM’s fracing rule

Oct 1, 2015

A federal court judge in Wyoming issued a preliminary injunction that will keep the US Bureau of Land Management from enforcing its hydraulic fracturing rule until legal challenges against it are resolved.

Three blocks awarded in Mexico’s Round One second tender

Sep 30, 2015

Mexico’s National Hydrocarbons Commission (CNH) awarded three of five shallow-water blocks in its Round One second tender, a more successful auction than the first in July that received just 2 bids on 14 blocks. All five blocks are part of the Southeast basin in the Gulf of Mexico.

Federal, state officials offering differing views of the ESA

Sep 30, 2015

The Endangered Species Act works best when state governments and local stakeholders are heavily involved, witnesses testifying before a US Senate Environment and Public Works subcommittee agreed. But they strongly differed on whether the 1973 law itself is still effective, or needs to be reformed.

BLM seeks comment on proposed oil production measurement rule update

Sep 30, 2015

The US Bureau of Land Management is seeking public comments on a proposed rule that would update and replace its regulations governing the measurement of oil produced from onshore federal and Indian leases.

Deepwater gulf well to start flow in 2017

Sep 29, 2015

Freeport-McMoRan Oil & Gas expects to start oil production in 2017 from its Horn Mountain Deep well, which will be tied back to the Horn Mountain truss spar in 5,500 ft of water offshore Louisiana.

SPE ATCE: Decision quality key to improving multicompany project results

Sep 29, 2015

Highlights of a draft technical report on the importance of decision quality in multicompany upstream projects was presented to the Society of Petroleum Engineers’ Annual Technology Conference & Expo (ATCE) in Houston. The goal of the report was to help operators work more seamlessly with joint-venture partners to mitigate cost overruns and schedule slippage by making better, quicker decisions that add more value.

Producing states receive guidance on managing induced earthquakes

Sep 29, 2015

Officials from oil and natural gas producing states worked with scientists and industry advisors to compile a primer intended as a policy-guiding document to help states develop strategies to manage induced seismicity.

Wood Mackenzie: Eagle Ford oil, condensate production could hit 2 million b/d in 2020

Sep 28, 2015

Eagle Ford production growth remains resilient because sweet spots continue to emerge across all active subplays despite an activity slowdown caused by low oil and gas prices, said a Wood Mackenzie Ltd. key play analysis.

Sanchez Energy to sell Eagle Ford midstream assets to affiliate

Sep 28, 2015

Sanchez Energy Corp. has agreed to sell certain pipeline, gathering, and compression assets on the western part of its Catarina asset in the Eagle Ford shale of South Texas to affiliate Sanchez Production Partners LP (SPP) for $345 million.

IEA: Continued low oil prices slam brakes on US light, tight oil growth

Sep 28, 2015

A recent spiral in US light, sweet crude oil prices on the New York Mercantile Exchange to 6-year lows accompanied by a drilling slowdown across most unconventional plays was reflected in the International Energy Agency's Monthly Oil Market Report, which forecast light, tight oil (LTO) production will contract.

Study estimates impacts if DRB, New York fracing bans were lifted

Sep 28, 2015

A nonpartisan analysis group estimates up to 4,000 more Marcellus natural gas wells on 500-1,000 pads could be drilled in the Delaware River Basin (DRB) if hydraulic fracturing moratoriums were lifted.

Pennsylvania revises draft of updates to state oil, gas regulations, final rules nearing completion

Sep 28, 2015

Updated revisions to Pennsylvania's Chapter 78, which regulates oil and natural gas unconventional and conventional wells, were released during August by Department of Environmental Protection Secretary John Quigley and Deputy Secretary Scott Perry.

Monitoring finds no harm to Marcellus water

Sep 28, 2015

The Susquehanna River Basin Commission (SRBC) said Marcellus shale development has not harmed water quality based on findings from its third report on water-quality conditions in select watersheds within SRBC.

Gazprom Neft says Badra oil production at 45,000 b/d

Sep 28, 2015

JSC Gazprom Neft says oil production from Badra field in Iraq has reached 45,000 b/d as a sixth well, the P-13, is producing 10,000 b/d. Oil production was 17,000 b/d in early 2015.

BHI: Recent downward shift continues for US rig count

Sep 25, 2015

The US drilling rig count fell 4 units to 838 rigs working during the week ended Sept. 25, marking the fifth straight week of declines, according to data from Baker Hughes Inc.

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