More Oil & Gas Drilling and Production News

BP lets contract for Oman land rigs

Feb 3, 2014

BP PLC has let a 5-year contract to KCA Deutag for the construction and operation of three newbuild, fast-moving land rigs in Oman’s Khazzan development for $340 million including options.

Hydraulic fracturing stuck in New York policy vacuum

Feb 1, 2014

Persistent institutional indecisiveness by elected officials in New York State has placed the state in the position of not having a statewide policy addressing the issue of energy development as it relates to hydraulic fracturing in the oil and gas industry.

Barclays: North America E&P spending expected to rise 7% in 2014, led by US

Feb 1, 2014

Following 2 years of tepid growth, North America is poised to see an acceleration of exploration and production spending in 2014 as US operators move into full scale development of unconventional resource plays.

Fracing faces legal and regulatory challenges in 2014

Feb 1, 2014

Last year was an eventful one for hydraulic fracturing. Use of the completion technology helped to dramatically boost US oil and gas production—tight oil production from the Bakken and Eagle Ford formations alone increased by 700,000 b/d during the year, and gas production from the Marcellus shale jumped to 13.5 bcfd.

Fate of hydraulic fracturing uncertain in Nova Scotia

Feb 1, 2014

The government of Nova Scotia, Canada, was preparing in December to consider legislation that would ban the importation of hydraulic fracturing wastewater into the province.

California enacts interim emergency rules for well stimulation treatments

Feb 1, 2014

Since 2010, more than 20 states have adopted new laws or regulations specific to hydraulic fracturing, a technology that, along with horizontal drilling, has given exploration and production companies the ability to more economically tap into the US's vast unconventional hydrocarbon formations.

Ohio regulators begin collecting production data on quarterly basis

Feb 1, 2014

Operators in Ohio must submit production data for horizontal wells to the Ohio Department of Natural Resources more frequently in 2014, thanks to a measure contained in the state's biennial budget bill signed into law by Gov. John Kasich (R) last summer.

PERMIAN Briefs

Feb 1, 2014

QEP to run six rigs on new Permain acreage

Feb 1, 2014

QEP Energy Co. expects to add four rigs this year to two already drilling on Permian basin acreage it is acquiring from EnerVest Ltd. for $950 million.

EAGLE FORD Briefs

Feb 1, 2014

Cabot fuels Marcellus operations with gas

Feb 1, 2014

Cabot Oil & Gas Corp. is reducing costs and lowering emissions at its Marcellus shale operations by using natural gas as fuel for its equipment.

Total starts production at Itau Phase 2

Jan 31, 2014

Total SA has started production from Phase 2 of the Itau natural gas-condensate field on Block XX (Tarija Oeste) in the Andean Cordillera foothills of Bolivia.

Baker Hughes: US drilling rig count climbs to 1,785

Jan 31, 2014

The US drilling rig count gained 8 units to reach 1,785 rigs working during the week ended Jan. 31, Baker Hughes Inc. reported.

ConocoPhillips reports higher 2013 earnings, expects higher production in 2014

Jan 31, 2014

ConocoPhillips reported full-year earnings of $9.2 billion in 2013, an increase from the $8.4 billion totaled in 2012, which included $1.2 billion from downstream operations before the separation of Phillips 66 on Apr. 30.

West Chirag platform starts production off Azerbaijan

Jan 30, 2014

Azerbaijan International Operating Co. (AIOC) has started oil production from the West Chirag platform in the Azeri-Chirag-Gunashli (ACG) complex of fields offshore Azerbaijan in the Caspian Sea.

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