More Oil & Gas Drilling and Production News

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

Nov 16, 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.

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.

ADMA-OPCO signs contracts worth $3.5 billion for Nasr, Umm Shaif field work

Nov 14, 2014

Abu Dhabi Marine Operating Co. (ADMA-OPCO) has signed four contracts worth $3.5 billion for two offshore fields, according to news agency UAEinteract.

North Dakota lawmakers mull Bakken crude regulations

Nov 14, 2014

Oil producers in North Dakota’s Bakken and Three Forks formations could be required to strip gases from crude oil showing high vapor pressure before transporting the oil under new standards being considered by the North Dakota Industrial Commission, which met Nov. 13.

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.

WoodMac: Deepwater gulf production to reach 1.9 million boe/d in 2016

Nov 13, 2014

Production in the deepwater Gulf of Mexico is expected to reach a new peak of 1.9 million boe/d in 2016, according to the latest outlook from consultancy group Wood Mackenzie Ltd.

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.

Tullow cuts exploration budget amid falling oil prices

Nov 13, 2014

Falling crude oil spot prices have caused South Africa’s Tullow Oil PLC to cut its 2015 exploration and appraisal budget to about $300 million, placing more emphasis on development and production assets.

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.

EIA: OPEC’s actions bring huge uncertainty on crude oil price forecast

Nov 12, 2014

Brent crude oil prices fell to $84/bbl at the end of October from $95/bbl at the beginning of the month. A handful of core drivers for this tumble include weakening outlooks for global economic and oil demand growth, the return to the market of previously disrupted Libyan crude oil production, and continued growth in US tight-oil production.

Production starts from Kebabangan gas development offshore Malaysia

Nov 12, 2014

ConocoPhillips reported the start of natural gas production from Kebabangan (KBB) gas field, about 60 miles offshore Malaysia. Production will ramp-up as pipeline capacity becomes available, the company said.

Manora oil field offshore Thailand comes on stream

Nov 12, 2014

Tap Oil Ltd. reported that production has started from Manora oil field offshore Thailand. The field is operated by Mubadala Petroleum; Tap Oil acquired interest in the field in late 2010.

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.

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PUBLIC AUCTION: Complete Liquidation of Offshore/Onshore Heavy Fabrication Facility

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Refinery Units and Equipment for Sale (PA)

Refinery Units and Equipment for Sale (PA). Pictured: LSG: Gasoline Desulfurizer, 65,000 BPD.

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