More Oil & Gas Drilling and Production News

Oil production from Wassana to reach 10,000 b/d by yearend

Aug 17, 2015

Oil production has started from Wassana field in the G10/48 concession in the Gulf of Thailand, and operator KrisEnergy Ltd. expects peak production to reached 10,000 b/d by yearend as additional development wells are drilled and completed by the Key Gibraltar jack up rig. KrisEnergy became the operator of the G10/48 block in May 2014.

Jubilee oil production offshore Ghana back to previous rates

Aug 17, 2015

Tullow Oil PLC said natural gas exports from Jubilee field offshore Ghana have resumed and oil production has returned to previous rates.

Study estimates impacts if Delaware River basin fracing bans were lifted

Aug 17, 2015

Up to 4,000 more natural gas wells on 500-1,000 well pads within the Delaware River basin could be drilled if hydraulic fracturing moratoriums there and in New York state were lifted, a CNA Corp. report estimated on Aug. 11.

Senate panel probes 'sue-and-settle' tactics' impacts on policymaking

Aug 17, 2015

Environmental litigation settlements, which proponents say help the public make certain federal agencies are diligently implementing congressionally mandated regulations, actually sabotage sound policymaking, several witnesses told a US Environment and Public Works Committee subcommittee.

EIA: US crude output declines to continue through mid-2016

Aug 17, 2015

Total US crude oil production declined 100,000 b/d in July compared with June, and is expected to continue decreasing through mid-2016 before growth resumes late in 2016, according to the US Energy Information Administration's most recent Short-Term Energy Outlook (STEO).

BHI: US oil rig count continues rise, but overall count unchanged

Aug 14, 2015

The overall US drilling rig count sat unchanged during the week ended Aug. 14, remaining at 884 rigs working, according to data from Baker Hughes Inc. Oil-directed rigs, however, continued their warm streak—albeit modestly—with a 2-unit gain.

Rosneft buying pressure-pumping company

Aug 14, 2015

A Rosneft Group subsidiary, RN Assets LLC, has agreed to buy 100% interest in the Russian pressure-pumping unit of Trican Well Service Ltd., Calgary, for $140 million.

Pennsylvania’s DEP issues draft final revisions to well site rules

Aug 13, 2015

Pennsylvania’s Department of Environmental Protection (PDEP) released draft final revisions to its oil and gas well protection standards. The state agency decided not to include provisions for noise mitigation and centralized storage tanks for wastewater in the final regulations following the latest round of public comments, it said.

MarkWest, EMG to develop 2-bcfd Utica dry gas gathering system

Aug 13, 2015

MarkWest Energy Partners LP and The Energy & Minerals Group (EMG) are developing a new 2-bcfd dry gas gathering system in the Utica Shale. A fee-based contract with Ascent Resources – Utica LLC, a subsidiary of Ascent Resources LLC will underpin the system, dedicating roughly 100,000 gross acres in northern Belmont and Jefferson counties, Ohio.

Recompletions double Energy XXI field output

Aug 13, 2015

Energy XXI said a recompletion program has more than doubled production of South Pass 78 oil field offshore Louisiana.

Third Te Giac Trang platform starts flow

Aug 13, 2015

SOCO reported the start of oil and natural gas production from the third wellhead platform (WHP) on the H5 fault block of Te Giac Trang field on Block 16-1 offshore Vietnam.

CERI: Lower demand, prices may trim near-term oil sands spending

Aug 12, 2015

Lower crude oil prices and reduced demand resulting from a global economic downturn could reduce Canadian oil sands capital expenditures through 2017, the Canadian Energy Research Institute said. Production and capital outlays still are expected to increase well into the future, it emphasized in its latest Oil Sands Supply Update.

FGE: US unconventional industry shows resilence as OPEC reacts to shale production and prices

Aug 12, 2015

What does not kill you will make you stronger: the story of US shale. Or, so Nietzsche would say if he was still around.

IEA: Long, circuitous rebalancing of oil market begins

Aug 12, 2015

In its August Oil Market Report the International Energy Agency’s forecast shows stronger-than-anticipated global oil demand and non-OPEC supply growth swinging into contraction next year.

Study estimates impacts if Delaware River basin fracing bans were lifted

Aug 12, 2015

Up to 4,000 more natural gas wells on 500-1,000 well pads within the Delaware River basin could be drilled if hydraulic fracturing moratoriums there and in New York state were lifted, a CNA Corp. report estimated on Aug. 11.

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