More Oil & Gas Drilling and Production News

EIA: Low-permeability formations driving Permian oil production surge

Jul 14, 2014

Crude oil production in the Permian basin has increased to 1.35 million b/d in 2013 from 850,000 b/d in 2007.

Baker Hughes: US drilling rig count inches up to 1,875

Jul 11, 2014

The US drilling rig count reflected another uneventful week, again edging up only 1 unit to reach 1,875 rigs working during the week ended July 11, Baker Hughes Inc. reported.

BLM seeks comments on proposed carbon dioxide wells in Colorado

Jul 11, 2014

The US Bureau of Land Management’s Royal Gorge Field Office has begun a public scoping period for two proposed carbon dioxide wells near Gardner, Colo. Oxy USA, which operates the existing Sheep Mountain CO2 production unit, proposed the wells, the US Department of the Interior agency said on July 10. Comments will be accepted through July 25.

Dua oil field offshore Vietnam brought on stream

Jul 11, 2014

Premier Oil Group, which includes Santos Ltd., Adelaide, has brought its Dua oil field on stream offshore Vietnam.

API releases unconventional production community engagement standard

Jul 9, 2014

The American Petroleum Institute issued a new standard specifically aimed at effectively engaging with US communities affected by exploration and development of unconventional oil and gas resources. ANSI-API Bulletin 100-3 emerged following 3 years of meetings and discussions with producers, community leaders, state regulators, property owners and other stakeholders, API Standards Director David Miller said.

Suncor, GE aim to reduce GHG emissions, water usage in oil sands

Jul 9, 2014

Suncor Energy Inc., Calgary, and GE have signed two agreements that aim to reduce greenhouse gas (GHG) emissions and water usage in the oil sands.

EIA: Low-permeability formations driving Permian oil production surge

Jul 9, 2014

Crude oil production in the Permian basin has increased to 1.35 million b/d in 2013 from 850,000 b/d in 2007. Since March 2013, the Permian basin has become the largest crude oil producing region in the US, with production exceeding that from the federal offshore Gulf of Mexico region. In 2013, the Permian basin’s production accounted for 18% of total US crude oil production, said the US Energy Information Administration.

EIA expects higher gasoline prices for driving season, full year

Jul 8, 2014

During the April-September summer driving season this year in the US, regular gasoline retail prices will average $3.66/gal, 8¢/gal higher than last year and 4¢ higher than projected last month, according to a forecast from the US Energy Information Administration in its July Short-Term Energy Outlook (STEO).

Mongolian petroleum law passage aims to boost foreign investment

Jul 8, 2014

Wolf Petroleum Ltd., Perth, reported the passing of a new petroleum law in Mongolia designed to boost foreign investment in the country.

Poland approves underground coal gas work

Jul 7, 2014

Linc Energy Ltd., Brisbane, has received initial approval to begin an underground coal gasification (UCG) project in Poland.

DNO resumes production from Yemen blocks

Jul 7, 2014

DNO Yemen AS, a DNO ASA subsidiary, has resumed oil production from Block 32 Howarime and Block 43 South Howarime in Yemen.

Saudi tight gas plays benefit from MSF

Jul 7, 2014

In 2007, Saudi Aramco installed the first openhole, multistage fracturing (MSF) completion systems in Saudi Arabia's deep, highly deviated gas wells.

Gulf cleanup continues after five major hurricanes

Jul 7, 2014

From 2004-08, five major hurricanes–Ivan, Katrina, Rita, Gustav, and Ike—destroyed 181 structures and 1,673 wells in the Gulf of Mexico.

EIA: US oil production in 2015 expected to be highest since 1972

Jul 7, 2014

Total US crude oil production in 2015 will reach its highest level since 1972, the US Energy Information Administration forecasts in its Short-Term Energy Outlook (STEO) released last month. Production, which averaged 7.4 million b/d in 2013, is expected to average 8.4 million b/d in 2014 and 9.3 million b/d in 2015.

BP: US tops China in oil consumption growth for first time since 1999

Jul 7, 2014

At 400,000 b/d, the US recorded the largest increment to global oil consumption in 2013, outpacing Chinese growth, 390,000 b/d, for the first time since 1999, according to BP's 63rd annual Statistical Review of World Energy, released June 16.

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