More Oil & Gas Drilling and Production News

U-M researchers analyze Michigan's policy options for hydraulic fracturing in Utica-Collingwood

Apr 1, 2015

University of Michigan researchers released a detailed draft analysis of policy options for hydraulic fracturing in Michigan during February.

Marathon moving forward with Cornerstone pipeline

Apr 1, 2015

Marathon Pipe Line LLC (MPL) and Ohio River Pipe Line LLC (ORPL) launched a binding open season to assess interest and solicit shipper commitments for transportation service on the proposed Cornerstone pipeline and associated Utica shale build-out projects earlier this year.

Gov. Wolf says state forests, parks off limits to new drilling

Apr 1, 2015

Pennsylvania Gov. Tom Wolf (D) signed an executive order reinstating a moratorium on new drilling leases on state forests and parks.

DNV: Dropping oil prices pressure unconventional operators

Mar 31, 2015

As US unconventional operators come under increasing economic pressure given dropping oil prices, executives told a recent DNV GL survey that lessons learned from past downturns need to be remembered during the current rash of budget cuts and other cost-discipline measures.

Maersk starts production from Tyra Southeast-B in Danish North Sea

Mar 31, 2015

Maersk Oil has started oil and gas production from the Tyra Southeast-B unmanned platform, expected to add reserves of 50 million boe over the next 30 years.

Industry varies its response to oil price slump with budget cuts, rig cuts

Mar 31, 2015

Drilling cuts across US shale plays could contribute to the nation’s oil production falling this year despite some forecasts to the contrary, EOG Resources Inc. executives said, adding they also believe crude oil futures prices could rebound quickly.

Seismic activity linked to injection wells may vary by region

Mar 31, 2015

The US portion of the Williston basin produced fewer earthquakes caused by wastewater injection than basins in Texas, University of Texas at Austin researchers found.

Oil prices cross North Dakota tax threshold

Mar 31, 2015

It's limited to the first 75,000 bbl of oil produced from a new well or the first $4.5 million of gross value oil produced from that well.

Apache produces 1 million bbl from wells in Egypt’s Western Desert

Mar 31, 2015

Five producing wells in Egypt’s Western Desert operated by Khalda Petroleum Co., a joint-venture between Apache Corp. and Egyptian General Petroleum Corp. (EGPC), have produced 1 million bbl of oil since November.

Johnson to succeed Kirkland as Chevron executive VP, upstream

Mar 31, 2015

Chevron Corp. has appointed James W. Johnson to succeed George L. Kirkland as executive vice-president, upstream. Kirkland, who also serves as vice-chairman, will retire from the company effective June 15.

Analyst: Cost key variable in crude-price scenarios

Mar 31, 2015

With Saudi Arabia reluctant to cut production, crude oil prices over the next decade depend greatly on producers’ costs, says a veteran observer of oil markets and the Middle East.

Rex Energy enters Moraine East drilling JV

Mar 31, 2015

Rex Energy Corp., State College, Pa., has entered a joint venture agreement with an affiliate of ArcLight Capital Partners LLC for the joint development of 32 wells in western Pennsylvania.

DNO suspends oil production in Yemen

Mar 31, 2015

Security problems have forced DNO ASA, Oslo, to suspend production in Yemen.

NEB sees growth in bitumen production through 2018

Mar 31, 2015

Despite budget cuts for oil sands projects, Canada’s National Energy Board reports the potential of an additional 1 million b/d through 2018. Current bitumen production is less than 2.5 million b/d.

Chevron Canada applies with AER for 32 wells in Fox Creek area

Mar 30, 2015

Chevron Canada Resources has filed an application with Alberta Energy Regulator to drill 32 wells in the Duvernay formation in the Fox Creek area.

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