More Oil & Gas News

KKR, FDL to acquire Permian properties

A partnership of KKR Natural Resources (KKR) and Fleur de Lis Energy (FDL), Dallas, has agreed to acquire certain oil and gas properties in Ector and Midland Counties in West Texas’s Permian basin from Linn Energy LLC for $350 million. The deal is expected to close in the fourth quarter.

Eni: World oil, gas reserves continue to rise

Italy’s Eni SPA has published its thirteenth edition of the World Oil & Gas Review, the annual statistics review of world oil and gas production, reserves, and consumption, with a particular focus on refining industry and crude quality.

MARKET WATCH: Crude oil futures end week below $90/bbl

The New York Mercantile Exchange November crude oil contract fell $1.27 on Oct. 3, closing at $89.74/bbl, while the December contract dripped $1.21 to $88.67/bbl.

Natural Resource Partners to expand Williston assets

Natural Resource Partners LP (NRP), Houston, has agreed to acquire nonoperated working interests in oil and gas properties in the Williston basin’s Bakken-Three Forks play from an affiliate of Kaiser-Francis Oil Co. for $340 million. The deal, effective Oct. 1, is expected to close in November.

Chevron Canada to sell 30% in Duvernay shale to Kufpec Canada for $1.5 billion

Chevron Corp. said its Chevron Canada Ltd. unit plans to sell a 30% interest in its Duvernay shale play to Kuwait Foreign Petroleum Exploration Co.’s Kufpec Canada Inc. unit for $1.5 billion. Chevron will retain 70% and remain operator.

Planned LNG plants must consider potential permit modifications

Although the US Department of Energy (DOE) has so far not modified an LNG import or export permit after issuing it, it is not explicitly prohibited from doing so and the risk of future modification of DOE permits must be carefully analyzed and addressed in contract documents regarding LNG plants and terminals.

Regulations: lead or pay

The US Government Accountability Office Sept. 22 called on the Department of Transportation to consider making new oil and gas transportation rules as production outpaces both pipeline construction and regulations.

OGJ Newsletter

International news for oil and gas professionals

Denationalizing EPA

Concerning the editorial in the Sept. 8, 2014: Few questioned the importance of clean air and clean water when the Environmental Protection Agency was established.

Hydraulic fracturing battle has moved to several local ballot boxes

Opponents of hydraulic fracturing, horizontal drilling, and other unconventional oil and gas development technologies have changed their focus to local governments.

New SEG chief eyes mainstream role for full-waveform inversion

When asked about important geophysical trends, the new president of the Society of Exploration Geophysicists points to a seismic processing method called full-waveform inversion (FWI).

Tight oil prompts new plan for atmospheric distillation heater

Distillation unit atmospheric heaters serve a vital role in crude oil processing. Any issues directly related to reduced capacity of a heater, such as elevated tube-skin temperatures (TSTs) and coking rates, require immediate attention.

Abysmal discussion on climate change touches new lows

The acrimony that masquerades as discussion about climate change touched new lows before a United Nations summit on the topic in New York.

Bahamas: Gravity data suggest existence of Triassic-Jurassic syn-rift

Recent analyses of gravity, magnetic, and seismic data in the southeastern region of the Bahamas provide clear evidence for the presence of a salt diapir at a depth of 5 km.

Permanent monitoring enhances life of field reservoir management

Although permanent reservoir monitoring (PRM) technology is in its infancy, certain components, such as life-of-field seismic (LoFS) systems, are becoming more commonplace.

Market Connections

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

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.    
lewis livestock

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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