More Oil & Gas Drilling and Production News

Baker Hughes: US drilling rig count jumps to 1,809

Mar 14, 2014

The US drilling rig count increased 17 units to 1,809 rigs working during the week ended Mar. 14, Baker Hughes Inc. reported. The 40-unit rise over the past 2 weeks has enabled the US the eclipse the 1,800 mark for the first time since December 2012.

Gazprom Neft completes testing on second Badra well in Iraq

Mar 13, 2014

JSC Gazprom Neft has completed testing its second well in Badra field in Iraq, with average flow rates of 10,000 b/d from three tests.

Study notes boosts from US drilling boom

Mar 10, 2014

The US oil and gas drilling boom is creating jobs far faster than the general economy and generating enough wealth to prevent a lapse back into recession, according to a report by the conservative Manhattan Institute.

Obama administration 2015 budget request retains punitive measures

Mar 10, 2014

The White House proposed repealing six federal tax code provisions it considers unnecessary breaks for the oil and gas industry in its fiscal 2015 budget request.

Baker Hughes: US drilling rig count spikes to 1,792

Mar 7, 2014

The US drilling rig count jumped 23 units to 1,792 rigs working during the week ended Mar. 7, Baker Hughes Inc. reported.

EnerJex begins production from J sand well in Adena field

Mar 7, 2014

EnerJex Resources Inc., San Antonio, has started natural gas production from a well in the J sand formation of Adena field, Colorado’s third-largest oil field. The well is flowing at a rate of 0.5 MMcfd of liquids-rich natural gas, the company reported.

Southwestern Energy to acquire Niobrara acreage for liquids-rich play

Mar 7, 2014

Southwestern Energy Co., Houston, has agreed to purchase 312,000 net acres in northwest Colorado targeting oil, natural gas liquids, and natural gas in the Niobrara shale play, the company reported. Southwestern will acquire the land from Quicksilver Resources Inc. and Swepi LP, a unit of Royal Dutch Shell PLC, for $180 million.

SSPC advances Malikai oil field work offshore Malaysia

Mar 6, 2014

Sabah Shell Petroleum Co. Ltd. (SSPC) let a contract to Flowserve Corp. for supply of custom designed water injection and liquid transfer pumps for the Malikai oil field project, which lies 68 miles offshore Sabah, Malaysia.

ExxonMobil outlines 2014 production plans

Mar 5, 2014

ExxonMobil Corp. said it expects to start production at 10 major projects this year, adding 300,000 net boe/d of net capacity.

BLM would impose onshore inspection fees under proposed 2015 budget

Mar 5, 2014

The US Bureau of Land Management would impose inspection fees for onshore oil and gas producers operating on lands under its jurisdiction under the Obama administration’s proposed fiscal 2015 budget. The fees would be similar to those the US Bureau of Safety and Environmental Enforcement charges offshore producers, BLM said.

YPF to add 10 rigs to Vaca Muerta play

Mar 5, 2014

YPF SA has signed contracts with Helmerich & Payne Inc., Tulsa, for 10 existing drilling rigs to work in the Vaca Muerta shale play in the Nequen basin of Argentina.

Shell UK lets contract for Peterhead CCS project

Mar 5, 2014

Shell UK Ltd. has let a front-end engineering and design contract to Technip SA for the onshore elements of the Peterhead Gas Carbon Capture and Storage (CCS) demonstration project in Aberdeenshire, Scotland.

Loyz Energy to buy stake in Thai licenses

Mar 5, 2014

Loyz Energy Ltd., Singapore, has agreed to buy 20% interests in three onshore license areas under development in Thailand.

US district court tosses out judgment against Chevron in Ecuador

Mar 4, 2014

The US District Court for the Southern District of New York has ruled that the $9.5 billion judgment against Chevron Corp. subsidiary Texaco Petroleum Co. in Ecuador was the product of fraud and racketeering and thus unenforceable.

CAPP: Emissions monitoring continues in Alberta oil sands

Mar 4, 2014

Alberta’s oil sands producers have monitored emissions for potential public health impacts with the province’s government for some time, the Canadian Association of Petroleum Producers said.

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