More Oil & Gas Drilling and Production News

Texas pipelines to have $374-billion economic impact through 2024

Apr 6, 2015

Between the current year and 2024 the Texas pipeline industry will generate cumulative economic impacts (in today's dollars) of around $374 billion in economic output, $212 billion in additional gross state product, and contribute $19.5 billion to state and local government revenues.

Western governors group releases 2014 greater sage grouse inventory

Apr 6, 2015

Western US governors released their 2014 Sage Grouse Inventory, which highlights conservation efforts by public, private, and nongovernment organizations during the past year to protect the bird’s 11-state habitat. Several Rocky Mountain oil and gas producers are actively involved.

Hydrocyclone study enables GOSP debottlenecking

Apr 6, 2015

This article describes Saudi Aramco's efforts in confirming the adaptability of hydrocyclone technologies in debottlenecking a gas-oil separation plant (GOSP).

GOM Revenue Sharing-2: GOMESA Phase II revenues impacted by several factors

Apr 6, 2015

The first phase of the 2006 Gulf of Mexico Energy Security Act (GOMESA) regulated revenue sharing in the gulf's 181 Area and 181 South Area.

Novel completions increase horizontal well production

Apr 6, 2015

Two novel completion techniques that solve the problems of acid fracturing in complex carbonate horizontal wells have been successfully implemented in China. Using them has enhanced production in the Tarim, Sichuan, Bohai Gulf, and Ordos basins.

One more outlook to the pile

Apr 6, 2015

Reporting news to the oil and gas industry about the oil and gas industry is a serious business. It has to be. Seriousness is a tone that readers of Oil & Gas Journal have come to expect.

Companies slash capital budgets as oil price drop cuts cash flows

Apr 6, 2015

Oil and gas companies, whose basic commodity has lost more than half its value in half a year, have slashed budgets in an effort to pull spending back within sharply diminished cash flow.

Analysts: Oil industry dealing with downturn better than years' past

Apr 6, 2015

Investment bankers and analysts entrenched in the oil and gas industry say companies have so far staved off the major negative impacts of the current industry downturn better than previous downturns by acting more proactively and aggressively.

Analyst: Cost key variable in crude-price scenarios

Apr 5, 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.

BHI: US rig count decline slows; production increases

Apr 2, 2015

The US drilling rig count dropped 20 units—with just slightly more than half targeting oil—to settle at 1,028 rigs working during the shortened week ended Apr. 2, according to data from Baker Hughes Inc.

Strike extends Sea Lion play off Falklands

Apr 2, 2015

Premier Oil PLC will plug a discovery well on the Zebedee prospect after successfully testing a southward extension of its Sea Lion oil field under development north of the Falkland Islands.

RFF speakers relay challenges faced by Alaskan offshore oil developers

Apr 2, 2015

Significant problems ranging from the lack of deepwater ports and spill-response systems to potential impacts on wildlife and indigenous populations need to be solved before US Arctic offshore oil exploration and production moves ahead, speakers agreed at a Resources for the Future (RFF) event.

FWS lists Northern Long-Eared Bat as a threatened species

Apr 2, 2015

The US Fish & Wildlife Service designated the Northern Long-Eared Bat (NLEB) a threatened species, but attached an interim special rule that it said eliminates unnecessary regulatory requirements for landowners, land managers, government agencies, and others in the animal’s multistate range.

EIA: OPEC’s net oil export revenues declined 11% in 2014

Apr 1, 2015

Members of the Organization of Petroleum Exporting Countries, excluding Iran, earned $730 billion in net oil export revenues during 2014, according to estimates from the US Energy Information Administration.

North Dakota joins Wyoming in lawsuit challenging federal fracing rule

Apr 1, 2015

The North Dakota Industrial Commission has voted to join Wyoming in a lawsuit challenging a new rule issued by the US Department of the Interior’s Bureau of Land Management, which includes requirements for publicly disclosing chemicals using in hydraulic fracturing.

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