More Oil & Gas Exploration and Development News

Texas earthquakes prompt regulators to take action

Oct 21, 2014

A series of unusual earthquakes in North Texas is prompting state regulators to look closely at a potential link between seismic activity and wastewater injection wells.

Marathon Oil sees promise in Oklahoma's Scoop, Stack plays

Oct 21, 2014

Marathon Oil Corp. is using extended-reach laterals to improve initial production rates in the emerging South-Central Oklahoma Oil Province (Scoop) resource play.

Illinois shale exploration remains in limbo as regulators consider draft fracing rules

Oct 21, 2014

Illinois is making progress toward a regulatory framework for hydraulic fracturing after the Illinois Department of Natural Resources (IDNR) released a second set of draft rules for the well stimulation process in late August.

Mexico upstream bidding to start with shallow-water assets

Oct 20, 2014

Mexico plans to publish its technical bidding requirements in November, outlining logistics for the first upstream bid round, according to hydrocarbon officials visiting Houston to update the oil and gas industry on the country’s progress in opening up its assets to non-Mexican companies.

Alaska asserts land claims at ANWR’s boundary

Oct 20, 2014

Alaska is seeking priority conveyance of nearly 20,000 acres of uplands at the western boundary of the Arctic National Wildlife Refuge, the state’s Department of Natural Resources reported on Oct. 17 in Anchorage. It previously requested the acreage, between the Staines and Canning rivers, under the Alaska Statehood Act and Alaska National Interest Lands Conservation Act.

Luthi: OCS still matters

Oct 20, 2014

National Ocean Industries Association Pres. Randall B. Luthi takes a back seat to no one when it comes to applauding increased onshore unconventional oil and gas production's contribution to the nation's dramatically improved energy outlook.

Greenland's premier outlines deliberate, resolute resources approach

Oct 20, 2014

Greenland is moving deliberately, but resolutely, in preparing to develop its oil and gas and other mineral resources, its premier said at the Brookings Institution.

Ethanol rail safety

Oct 20, 2014

Ethanol producers argue vast differences exist between the potential safety hazards posed by rail shipments of ethanol and the safety hazards posed by rail shipments of crude oil, and they dispute findings of a federal study comparing the two.

The Saudi factor

Oct 20, 2014

The arithmetic is straightforward. In round numbers, Saudi Arabia grosses $549 million/day producing 9 million b/d of crude oil and, with subsidized internal consumption at about 2.9 million b/d, exporting 6.1 million b/d when the crude price is $90/bbl.

Investment opportunities emerge in Mexico's energy industry as legal reform advances

Oct 17, 2014

With one third of the Mexican government's budget funded by Petróleos Mexicanos (Pemex), a decline in the state-owned oil company's production hits the government hard.

Shewashan light oil discovery in Kurdistan declared commercial

Oct 17, 2014

Gas Plus Khalakan Ltd. (GPK) has declared commercial the Shewashan light oil discovery on the Khalakan block in the Kurdistan region of Iraq.

Southwestern refines Fayetteville shale completions

Oct 16, 2014

Southwestern Energy Co. completed 7 of its 10 best-performing wells in the Mississippian Fayetteville shale during the second quarter as it continued to refine drilling and completion techniques in the Arkansas formation.

Eni, Quicksilver drill joint Bone Springs well

Oct 16, 2014

Eni SPA and Quicksilver Resources Inc. have unveiled the results of the first horizontal well drilled under a West Texas joint exploration agreement.

Wolfcamp spending to surpass $12 billion

Oct 16, 2014

Capital spending in the Wolfcamp tight oil formation is on track to exceed $12 billion in 2014-making the play the second highest area of investment among US unconventional plays, according to analysis by Wood Mackenzie.

Nova Scotia prepares to extend fracing ban

Oct 16, 2014

The government of Nova Scotia plans to introduce legislation this fall that would prohibit high-volume hydraulic fracturing.

Market Connection

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