More Oil & Gas News

Shell seeks 5-year extension on leases in Beaufort, Chukchi seas

Shell Offshore Co. has requested a 5-year extension of its federal offshore leases in the Beaufort and Chukchi seas offshore Alaska.

BOEM to prepare EIS for potential Cook Inlet lease sale

The US Bureau of Ocean Energy Management plans to prepare an environmental impact statement for a possible oil and gas lease sale in Cook Inlet off Alaska's south-central coast, BOEM said in an Oct. 23 Federal Register notice.

New well-productivity data provide US shale potential insights

The US has 13 shale plays with major oil and gas resources. Two of them-Bakken and Eagle Ford-account for about 75% of the country's shale oil output

Interpretation-ready datasets unlock exploration, development potential

Correctness, accuracy, and precision of raw data are critical for accurate petrophysical analysis; otherwise the interpretation of the rocks and fluids that comprise layers in the subsurface could lead to unprofitable development decisions.

Neste Oil plans integration of Finnish refining operations

Neste Oil Corp. plans to invest €500 million in a program designed to consolidate and optimize performance of its Finnish refineries as part of an effort to keep the company's European operations competitive.

Critical habitat proposals may do serious harm, business groups say

Two federal agencies' proposals to change the Endangered Species Act's critical habitat designation procedures potentially could cause serious damage to the general economy, warned nearly a dozen US business groups, including two oil and gas entities.

FourPoint, EnerVest to purchase western Anadarko basin assets for $1.95 billion

A joint venture of Denver-based startup FourPoint Energy LLC and privately held institutional affiliates of EnerVest Ltd., Houston, has agreed to acquire all of the oil and gas properties and related midstream assets in the western Anadarko basin belonging to Linn Energy LLC, Houston, for $1.95 billion, of which $975 million is net to FourPoint.

Continental testing Springer shale potential

Four delineation wells operated by Continental Resources Inc. in Grady County, Okla., confirm potential of the Mississippian Springer shale in the South-Central Oklahoma Oil Play (SCOOP), says Chairman and Chief Executive Officer Harold G. Hamm.

Statoil gets exploration acreage in Exmouth Plateau off W. Australia

Norway’s Statoil ASA has been awarded an exploration permit on the Exmouth plateau offshore Western Australia.

Russia, Ukraine sign interim gas supply agreement

Russia and Ukraine signed a $4.6 billion agreement in Brussels that secures natural gas supplies for Ukraine and, ultimately, much of Europe through March 2015. Ukraine will be required to pay $3.1 billion in two tranches by yearend for gas it previously bought from Russia’s Gazprom under the Oct. 30 deal.

MARKET WATCH: Crude oil futures price falls, natural gas price rises

The New York Mercantile Exchange December crude oil contract dropped $1.08 on Oct. 30, closing at $81.12/bbl. The January 2015 contract dropped $1.06 to $80.90/bbl.

Forum: US unconventional plays still profitable at $80/bbl oil or less

The US currently dominates global upstream capital spending, and producers in many unconventional plays can still make a profit with futures prices for benchmark light, sweet crude oil fetching a price less than $80/bbl, a Wood Mackenzie Ltd. senior analyst told an oil breakfast forum hosted by consulting firm Decision Strategies.

Latest EIA report lists mixed impacts from higher US LNG exports

Increased US LNG exports would raise natural gas prices and increase production, reduce end-users’ demand, push higher total primary energy use and related carbon dioxide emissions, and modestly increase consumer expenditures for gas and the electricity it generates, according to a recent report from the US Energy Information Administration.

AEP unit to acquire Wolfcamp acreage for $726 million

American Energy–Permian Basin LLC (AEPB), an affiliate of Oklahoma City-based American Energy Partners LP (AEP), has completed or entered into definitive agreements with multiple parties to acquire acreage in the Wolfcamp shale of the central Midland basin, primarily in Reagan County, Tex., for $726 million.

Report for API quantifies new technologies’ 2013 US economic benefits

Innovations in hydraulic fracturing and horizontal drilling that have driven the energy renaissance in the US were responsible for about 48% of the nation’s crude oil production and shaved as much as 94¢/gal off of fuel prices in 2013, according to a recent report commissioned by the American Petroleum Institute.

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NOW HIRING: QHSSE

NOW HIRING: QHSSE. Miami, FL, Overland Park, MO or Plymouth, MN.

 

Colorado School of Mines

Multiple Faculty Openings

Colorado School of Mines Petroleum Engineering Department invites applications for multiple full-time faculty positions.    
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RAILROAD ON 3 SIDES FOR SALE OR LEASE

RAILROAD ON 3 SIDES FOR SALE OR LEASE. 23 ACRES and 5 Water Wells On Site: SAN ANGELO, TX. Contact Steve Lewis: 575-202-2111 // lewislivestock@hotm...

Sale of Oil and Gas Leases

Notice of Sale of Oil and Gas Leases

 

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