More Oil & Gas Drilling and Production News

Nelson-Farrar monthly cost indexes

Oct 6, 2014

Hydraulic fracturing battle has moved to several local ballot boxes

Oct 6, 2014

Opponents of hydraulic fracturing, horizontal drilling, and other unconventional oil and gas development technologies have changed their focus to local governments.

Regulations: lead or pay

Oct 6, 2014

The US Government Accountability Office Sept. 22 called on the Department of Transportation to consider making new oil and gas transportation rules as production outpaces both pipeline construction and regulations.

BHI: US drilling rig count falls to 1,922

Oct 3, 2014

The US drilling rig count lost 9 units to settle at 1,922 rigs working during the week ended Oct. 3, Baker Hughes Inc. reported.

MEG Energy files OSCA application with AER for Surmont oil sands project

Oct 3, 2014

MEG Energy Corp., Calgary, has submitted an Oil Sands Conservation Act application with Alberta Energy Regulator for its Surmont steam-assisted gravity drainage (SAGD) project.

BP Oman lets drilling contracts for Khazzan tight gas project

Oct 2, 2014

BP Oman has let two long-term drilling contracts totaling $730 million for the Khazzan gas project in the southern portion of Block 61.

GWPC report examines changes in states’ water protection rules

Oct 2, 2014

Regulatory agencies in 27 US states that produce 98% of the nation’s oil and gas have significantly increased exploration and production oversight and rules, the Ground Water Protection Council said in a recent report.

Pemex lets contract for Lakach gas field development

Oct 2, 2014

Mexico’s Petroleos Mexicanos (Pemex) has let an engineering, procurement, construction, and installation (EPCI) contract to Italy’s Saipem SPA, a unit of Eni SPA, for development of Lakach gas field in the deepwater Gulf of Mexico. The deal is valued at $750 million.

NGSA forecasts lower winter gas prices on a combined analysis

Oct 1, 2014

In its 14th annual Winter Outlook assessment of the natural gas market, the Natural Gas Supply Association (NGSA) expects downward price pressure on the natural gas market compared with last winter.

Industry groups mixed as EPA releases 2013 GHG emissions inventory

Sep 30, 2014

Greenhouse gas emissions from more than 8,000 large US industrial sources totaled 3.18 billion tonnes of carbon dioxide equivalent in 2013, about half of total domestic GHG emissions, the US Environmental Protection Agency said in its fourth annual GHG inventory.

Dana Gas Egypt signs development agreement, hits 100 million boe production

Sep 30, 2014

Dana Gas Egypt, a wholly owned subsidiary of Dana Gas, has reached a gas production enhancement agreement (GPEA) with Egyptian Natural Gas Holding Co. (Egas) and Egyptian General Petroleum Co. (EGPC), forming the basis for a development program to eventually increase production from 40,000 boe/d at Dana’s development leases in the Nile Delta.

Drilling begins on Manora oil development offshore Thailand

Sep 30, 2014

A joint venture led by Mubadala Petroleum, Abu Dhabi, has successfully drilled the first two of 15 planned development wells in the Manora oil development in the northern Gulf of Thailand. The wells were spudded earlier this month.

Encana to acquire Athlon Energy in $7.1 billion deal

Sep 29, 2014

Encana Corp., Calgary, has agreed to acquire all of the issued and outstanding shares of common stock of Athlon Energy Inc., Ft. Worth, through an all-cash tender offer of $5.93 billion. Encana also will assume Athlon’s $1.15 billion of senior notes, bringing the total transaction value to $7.1 billion.

Senate adopts bill making BLM drilling permit pilot program permanent

Sep 29, 2014

The US Senate approved Tom Udall (D-NM) and John Barrasso's (R-Wyo.) bill permanently extending a US Bureau of Land Management drilling permit processing improvement pilot program that was established under the 2005 Energy Policy Act. It was scheduled to expire in 2015.

Watching Government: Smaller study, big early findings

Sep 29, 2014

It may not have had the snap and sizzle of a study the National Academy of Sciences released the same day, but a report the US Department of Energy unveiled on Sept. 15 also put to rest concerns about natural gas from deep hydraulically fractured wells migrating upward into drinking water supplies.

Market Connection

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