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EIA: BAKKEN RIGS PRODUCING 50% MORE OIL IN FIRST MONTH ONLINE

Operational efficiency is improving across the Bakken-Three Forks tight oil play. US Energy Information Administration

Bakken leader Continental Resources drills deeper into Three Forks formation

The Bakken-Three Forks tight oil formation is already one of the top producing oil plays in the US, but leading operator Continental Resources Inc. believes there may be even more oil in place than previously thought in deeper benches of the Three Forks formation.

Baseline water testing rule to remove ambiguity in Wyoming

Wyoming has adopted a rule that calls for operators to perform baseline testing of area groundwater before and after drilling.

BHP plans to double Eagle Ford output by 2016

BHP Billiton is focusing the bulk of its US onshore spending on the Eagle Ford shale this year and seeing promising results from field trials aimed at increasing production and reducing costs at its wells in the South Texas shale play.

PNR closes sale of Alaska subsidiary

Pioneer Natural Resources Co. (PNR), Dallas, has completed the sale of its subsidiary Natural Resources Alaska Inc. to Caelus Energy Alaska LLC, Dallas, for $300 million. PNR initially reported a sale price of $550 million.

MARKET WATCH: Crude oil prices fall as talks start on Ukraine

Prices for light, sweet crude oil fell modestly on the New York market Apr. 15 while gasoline futures reached their highest level since Aug. 29, 2013, pending the release of a weekly US government report on oil and product inventories.

GAO: Scant information exists about NEPA analyses’ costs, benefits

Little information exists about the costs and benefits of analyses required under the National Environmental Policy Act, the Government Accountability Office said. Federal agencies do not routinely track the costs, and there is no government-wide mechanism to do so, GAO investigators said they learned from officials at the US Environmental Protection Agency, White House Council on Environmental Quality, and other agencies.

Texas Petro Index reaches record-high for February

The Texas Petro Index (TPI), a composite index based on a comprehensive group of upstream economic indicators released by the Texas Alliance of Energy Producers (TAEP), reached yet another record high, tallying a score of 300.6 in February as a result of rapidly increasing production, higher wellhead prices, and revised statewide employment numbers.

DOE lets ConocoPhillips Alaska resume LNG sales to non-FTA countries

The US Department of Energy approved a ConocoPhillips Co. subsidiary’s request to resume exports of LNG to countries not having a free-trade agreement with the US from the company’s Kenai facility in Alaska in an Apr. 14 order. ConocoPhillips’s authorization for such LNG exports from the site expired on Mar. 31, it noted.

EPA white papers offer hint of methane, VOC emissions

The US natural gas industry received a preview of a new regulatory push on Apr. 15 when the Environmental Protection Agency published white papers on emissions of methane and volatile organic compounds (VOCs) in five operational categories.

Noble to appoint new chief executive officer

Noble Energy Inc. reported that Charles D. Davidson, chairman and chief executive officer, plans to retire and leave the company’s board on May 1.

MARKET WATCH: Brent prices climb on Ukraine, Libya news; NYMEX oil follows

Ongoing political instability in Ukraine and Libya continued to drive up crude oil futures prices on New York and London markets Apr. 14 to their highest levels in more than a month.

Lukoil to sell CIRL stake to Sinopec

OAO Lukoil reported plans to sell its 50% stake in Caspian Investment Resources Ltd. (CIRL) to Sinopec for about $1.2 billion. Closing is expected before yearend.

BP intends to divest Texas Panhandle assets

BP America Production Co. said it intends to divest assets in the Hugoton and Panhandle West fields in Sherman and Moore counties in the Texas Panhandle. The company will retain deep rights below the base of the Brown Dolomite, it said.

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idahodepartmentofland

STATE OF IDAHO NOTICE OF SALE OF OIL AND GAS LEASES

NOTICE IS HEREBY GIVEN that the State Board of Land Commissioners of the State of Idaho, pursuant to IDAPA 20.03.16, will offer oil and gas leases ...
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