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More Oil & Gas Drilling and Production News

The same old budget

Apr 15, 2013

Once again, the administration of President Barack Obama proposes to defund oil and gas in an energy program stout with ambition and lean in practicability.

Land-based, oil drilling drive up US rig count to 1,771

Apr 12, 2013

The US drilling rig count rose by 33 units during the week ended Apr. 12 to reach a total of 1,771 rotary rigs working, Baker Hughes Inc. reported. That compares with 1,950 rigs working in the comparable week last year.

Vladimir Filanovsky field blocks complete

Apr 12, 2013

Lukoil reports completion of two supporting blocks weighing a total of 5,000 tons to be towed out soon to Vladimir Filanovsky oil field in the northern Caspian Sea (OGJ Online, Oct. 8, 2012).

Ohio: Magnum Hunter spuds horizontal Utica shale well

Apr 12, 2013

Magnum Hunter Resources Corp., Houston, has spudded the vertical pilot hole for the company’s first horizontal Utica shale well in Ohio.

Range taps Marcellus for first quarter output mark

Apr 11, 2013

Continued success of a drilling program mainly in the Marcellus shale has led Range Resources Corp., Fort Worth, to year-to-year production increases of 52% for oil and condensate, 22% for natural gas liquids, and 34% for natural gas in the quarter ended Mar. 31, 2013, the company said.

 

ConocoPhillips cancels 2014 Chukchi exploration plans

Apr 11, 2013

ConocoPhillips has cancelled plans to drill in the Chukchi Sea because of federal regulatory uncertainty, the company said Apr. 10.

Statoil taps Odfjell for Mariner drilling

Apr 10, 2013

Statoil has let a contract to Odfjell Drilling for platform drilling and related services at Mariner heavy oil field in UK waters 150 km east of the Shetland Islands.

Parex Resources finds oil pay on two Llanos basin blocks

Apr 9, 2013

Parex Resources Inc., Calgary, has found oil pay at a northern extension well of Las Maracas field on the Los Ocarros block 320 km northeast of Bogota and tested new oil pay at the La Casona-1 well on the El Eden block 210 km northeast of Bogota in Colombia’s Llanos basin.

Stone Energy secures deepwater rig

Apr 9, 2013

Stone Energy Corp. has contracted a dynamically positioned deepwater drilling rig from Ensco PLC for its Cardona oil development program on Mississippi Canyon Block 29 in the Gulf of Mexico.

PGC: US natural gas resource estimate rises 25% in 2 years

Apr 9, 2013

Technically recoverable US natural gas resources were a record 2,384 tcf at yearend 2012, 25% (486 tcf) more than the previous record-high assessment 2 years earlier, the Potential Gas Committee reported.

Piceance Niobrara gas discovery tops 1 bcf in 100 days

Apr 8, 2013

A Niobrara shale discovery well on production for 100 days in western Colorado’s Piceance basin has recovered more than 1 bcf of gas, the same volume as a typical well recovers from the Williams Fork formation in a 25-30-year life, said WPX Energy Inc., Tulsa.

 

Creativity in the industry

Apr 8, 2013

On occasion, Oil & Gas Journal editors catch wind of stories that don't quite fit the typical mold of oil and gas industry news. Such items, like those having to do with the creative visual and literary arts, often find better homes in this space.

US rig count drops 10 units to 1,738; Canada down 40 to 206

Apr 5, 2013

The US drilling rig count decreased by 10 units during the week ended Apr. 5 to reach a total of 1,738 rotary rigs working, Baker Hughes Inc. reported. That compares with 1,979 rigs working in the comparable week last year.

BSEE issues new rule increasing offshore safety requirements

Apr 5, 2013

The US Bureau of Safety and Environmental Enforcement issued a new Safety and Environmental Management Systems (SEMS) rule for offshore oil and gas activity that aims to improve SEMS requirements under the original workplace safety rule that became effective on Nov. 15, 2010.

Titan River Energy formed to drill, develop Texas oil-prone shale plays

Apr 5, 2013

Titan River Energy, a newly formed oil and gas company based in Fort Worth, announced a $100 million capital commitment from two private equity firms that Titan River will use to initially focus on drilling and developing oil-prone shale plays in Texas.

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