More Oil & Gas Reserves News

Newfield sees big Uinta oil potential in new plays

Aug 15, 2011

Newfield Exploration Co., Houston, said it sees a net resource potential of more than 700 million bbl of oil equivalent on its holdings in the Uinta basin in the wake of two acquisitions that closed in May that added 70,000 net acres for $300 million.

Brazil: Fourth Solimoes exploratory well spuds

Aug 11, 2011

HRT O&G Exploracao e Producao de Petroleo Ltda., Rio de Janeiro, has spud its fourth exploratory well, designated 1-HRT-4-AM, in the Solimoes basin in northwestern Brazil.

Beach posts shale gas figures in the trillions

Aug 10, 2011

Beach Energy Ltd., Adelaide, booked initial contingent resources of 2 tcf of gas for its Cooper basin PEL 218 permit in South Australia.

Utah: Berry developing multiple oil zones in Uinta

Aug 4, 2011

Berry Petroleum Co., Denver, estimated that its risked resource potential in the Uinta basin is 65 million bbl of oil equivalent excluding its proved developed reserves in the basin of 11 million boe.

Watching The World: Ice Station Zebra?

Jul 11, 2011 There may be one or two members of the oil and gas industry who remember the 1968 action film, Ice Station Zebra, starring Rock Hudson and Ernest Borgnine, among others, which was loosely based on the 1963 novel of the same name.

Oil, gas remains a target as Obama enters deficit debate

Jul 11, 2011 The oil and gas industry remained a primary tax target as US President Barack Obama took a more active role in federal deficit negotiations this week.

Oil, gas remains a target as Obama enters deficit debate

Jul 1, 2011

The oil and gas industry remained a primary tax target as US President Barack Obama took a more active role in federal deficit negotiations on this week.

Canada's AltaGas gets final nod for Montney gas plant

Jun 22, 2011

AltaGas Ltd., Calgary, has received final regulatory approval to begin building its 120-MMcfd Gordondale gas processing plant about 100 km northwest of Grande Prairie, Alta. The plant will be equipped with liquids extraction (OGJ, June 6, 2011, p. 88).

EQUIPMENT | SOFTWARE | LITERATURE

Jun 13, 2011

BP, ConocoPhillips stop development of Denali ANS gas line

May 17, 2011

The Denali project, a joint venture of BP PLC and ConocoPhillips, is stopping efforts to develop a pipeline that would transport Alaska North Slope natural gas to the US Lower 48.

Budget politics to create gap in US reserves data

May 16, 2011 The decision to skip a year's worth of US reserves estimates recalls long-ago arguments about the superiority of government data over supposedly tainted numbers from the oil and gas industry.

Budget politics to create gap in US reserves data

May 6, 2011

The decision to skip a year’s worth of US reserves estimates recalls long-ago arguments about the superiority of government data over supposedly tainted numbers from the oil and gas industry.

US natural gas resource level repeats record

Apr 28, 2011

The US has an undiscovered natural gas resource potential of 1,898 tcf—the highest level in the 46-year history of the Potential Gas Committee, PGC said.

BP, NRDA trustees announce $1 billion early funding agreement

Apr 25, 2011

BP Exploration and Production Inc. agreed to provide $1 billion to fund early projects to restore Gulf of Mexico resources damaged by crude oil that leaked from the deepwater Macondo well, the spill’s Natural Resource Damage Assessment trustees announced.

Loss of 5,000 technical staff seen by 2014

Mar 29, 2011

The loss of 5,000 experienced petrotechnical professionals (PTPs) from the global upstream industry can be expected by 2014, a survey by Schlumberger Business Consulting, the management consultancy arm of Schlumberger, indicates.

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