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Mitigating methane

Among greenhouse gases, methane should be particularly amenable to deliberate cuts in emissions.

OGJ Newsletter

International news for oil and gas professionals

Watching Government: Russia: On the ropes?

Russia's Dec. 1 cancellation of its South Stream natural gas pipeline was not surprising. European nations have signaled for years that they intend to diversify their supply sources and rely less heavily on Russian gas giant Gazprom.

Study finds small subset of wells accounts for most methane emissions

A small subset of natural gas wells are responsible for most methane emissions from US natural gas production, said a study from the University of Texas at Austin.

Speakers say methane controls just part of complete climate strategy

Reducing oil and gas operations' methane emissions is an essential, but far from the only, part of a comprehensive climate strategy, speakers at a Center for Strategic and International Studies event agreed.

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ExxonMobil forecasts 35% higher world energy demand by 2040

A significantly bigger global middle class, expanded emerging economies, and 2 billion more people will contribute to 35% higher world energy demand by 2040, ExxonMobil Corp. forecasts in its 2015 energy outlook.

API: Producers reducing methane emissions already

US oil and gas producers are reducing wellhead methane emissions already and don't need ill-conceived, overly prescriptive federal regulations, American Petroleum Institute officials said.

EOG sees crude potential in Leonard, Second Bone Spring

EOG Resources considers various formations within the Delaware basin of West Texas and New Mexico to be one of its three top US plays with the other two plays being the Eagle Ford in south Texas and the Bakken in North Dakota.

Encana plans to hit the ground running in Permian

Encana Corp. has announced its second major acquisition in a Texas oil play this year, agreeing in September to acquire Permian basin-focused producer Athlon Energy Inc. for $7.1 billion.

Linn sells down Permian position

Linn Energy LLC, of Houston, has agreed to sell assets in Ector and Midland counties, Tex., to Fleur de Lis Energy LLC, of Dallas, for $350 million.

Frac ban exemption made in Broomfield

A Colorado District Court judge has ruled that a hydraulic fracturing ban in Broomfield, Colo., does not apply to an operator that entered into an agreement with the city before the ban was passed.

Linn exits Anadarko basin in deal worth $1.95 billion

Linn Energy LLC has agreed to sell all of its oil and gas properties and related midstream assets in the western Anadarko basin for $1.95 billion to FourPoint Energy LLC and EnerVest Ltd.

Eagle Ford sweet spots still profitable

The average Eagle Ford well remains viable with US light, sweet crude prices at $80/bbl, but the economics of some wells outside the play's sweet spots could prove vulnerable if prices continue falling, Gaffney, Cline, and Associates said in an analysis of unconventional resources.

EnCana, Talisman optimist on Montney, Duvernay

EnCana Corp. has achieved significant cost savings in the Montney and Duvernay plays, executives told analysts while discussing EnCana's third-quarter earnings conference.

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