More Oil & Gas Drilling and Production News

Noble Energy settles air pollution charges from D-J basin operations

Apr 22, 2015

Noble Energy Inc. agreed to settle federal and state air pollution charges stemming from its Denver-Julesburg basin oil and gas exploration and production activities, the US Department of Justice, Environmental Protection Agency, and State of Colorado jointly said.

CERAWeek: Regulatory hurdles still threaten US shale, CEOs say

Apr 22, 2015

Leaders of prominent US shale producers came together on Apr. 21 to drive home a point that’s emerged as a primary theme during this year’s IHS CERAWeek in Houston: The urgent need to lift the export ban on US crude oil.

Study: North Texas quakes likely linked to gas drilling

Apr 22, 2015

A seismology team in a study led by Southern Methodist University found high volumes of wastewater injection combined with brine extraction from natural gas wells was “the most likely” cause of earthquakes near Azle, Tex., during 2013-14.

Statoil lets carbon dioxide service contract for Bakken

Apr 21, 2015

Statoil has let a major carbon dioxide supply and service agreement to Ferus LP of Denver to supply liquid CO2 to be used in a test well to evaluate potential production uplift and partially replace water in a large multistage hydraulic fracturing operation in a horizontal oil well.

End of routine gas flaring at oil production sites urged by 2030

Apr 20, 2015

Supporters of ending routine natural gas flaring met Apr. 17 at headquarters of the World Bank in Washington, DC, to launch the “Zero Routine Flaring by 2030” initiative.

DOI proposes new offshore BOP, well-control regulations

Apr 20, 2015

The US Department of the Interior proposed offshore oil and gas well-control regulations with more stringent design requirements and operational procedures for blowout preventers (BOPs) and blowout prevention technologies.

More witnesses urge Congress to repeal US crude oil export ban

Apr 20, 2015

The US crude oil export ban is a 1970s anachronism that could hobble US production growth and restrict economic improvement if it is not repealed, three witnesses told a House Foreign Affairs Subcommittee's hearing on the matter.

IEA forecasts higher 2015 global oil demand

Apr 20, 2015

In its April Oil Market Report, the International Energy Agency raised its forecast of 2015 global oil demand by 90,000 b/d to 93.6 million b/d, a gain of 1.1 million b/d on the year and a notable acceleration of the 700,000-b/d growth in 2014, as the global economy slowly gains momentum.

BHI: US rig count falls under 1,000 for first time since 2009

Apr 20, 2015

After noticeably slowed declines over the previous 2 weeks, the US drilling rig count fell 40 units to 988 rigs working during the week ended Apr. 10, settling under 1,000 for the first time since Sept. 11, 2009, according to data from Baker Hughes Inc.

CSIS forum: More cooperation needed to address Arctic challenges

Apr 17, 2015

More cooperation not just between government and the oil and gas industry, but with a broad range of residents and businesses inside and outside Alaska, is essential to address pressing infrastructure challenges there, speakers at a Center for Strategic and International Studies forum agreed.

BLM proposes higher onshore oil, gas royalty rates

Apr 17, 2015

The US Bureau of Land Management is proposing changes to federal onshore oil and gas royalty rates, rental payments, lease sale minimum bids, civil penalty caps, and financial assurances, US Interior Secretary Sally Jewell announced. Comments on the Advanced Notice of Possible Rulemaking (ANPR) will be accepted for 45 days following its publication in the Federal Register next week.

AEO2015: US on track to eliminate net energy imports by 2030

Apr 17, 2015

Continued growth in oil and natural gas production, growth in the use of renewables, and the application of demand-side efficiencies show the potential to eliminate net US energy imports in the 2020 to 2030 timeframe, according to projections in the Annual Energy Outlook 2015 (AEO2015), released by the US Energy Information Administration. The US has been a net importer of energy since the 1950s.

BHI: US rig count cut in more than half since Dec. 5

Apr 17, 2015

The US drilling rig count fell 34 units—all on land—to 954 rigs working during the week ended Apr. 17, according to data from Baker Hughes Inc.

API: US demand for petroleum rose in March, first quarter

Apr 17, 2015

Total US petroleum deliveries, a measure of demand, averaged 19.2 million b/d in March, up 3.4% from a year ago and the highest level for the month since 2011, according to the American Petroleum Institute’s monthly statistics for March. Total demand in the first quarter gained 2.2% year-over-year.

More rig day rate, fleet use declines seen

Apr 17, 2015

Drilling contractors, onshore and offshore, face further declines in day rates and fleet utilization this year as operators slash activity in response to a crude-price slump that shows no sign of early recovery, warns Fitch Ratings.

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