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Antero Resources cuts 2015 Marcellus spending vs. 2014

Antero Resources Corp., Denver, said it plans to spend $1.6 billion during 2015 for drilling and completion activities in the Marcellus and Utica shale plays, marking a 36% reduction as compared with 2014 drilling and completion expenditures.

Uganda announces tender for Albertine Graben acreage

The virtually untouched Albertine Graben of Uganda may contain more than 6.5 billion bbl of oil resources according Ugandan officials.

BLM Utah office adopts USFS leasing analysis for Fishlake Forest

The US Bureau of Land Management’s Utah state office will adopt the US Forest Service’s final environmental impact statement and record of decision for oil and gas leasing on land administered by Fishlake National Forest.

MARKET WATCH: Crude oil prices gain on Saudi oil minister comments

US light, sweet crude oil prices gained more than $1/bbl on the New York market Feb. 25 while Brent crude oil prices jumped by nearly $3/bbl on the London market on comments from Saudi Arabia Oil Minister Ali al-Naimi that world oil demand was increasing.

Chesapeake’s $4-4.5 billion capex down 37% vs. last year

Chesapeake Energy Corp., Oklahoma City, is budgeting total capital expenditures, including capitalized interest, of $4-4.5 billion for 2015.

New regulator lists UKCS ‘priority actions’

The UK’s Oil and Gas Authority, responding to calls from industry and the government for prompt support of UK Continental Shelf (UKCS) exploration and production, has described “eight highest priority actions” for its first year of operation.

Grizzly files OSCA application with AER for Thickwood

Grizzly Oil Sands ULC, Calgary, has filed an Oil Sands Conservation Act application with Alberta Energy Regulator for the Thickwood project.

BLM moving toward strategy for Greater Sage Grouse, Jewell says

Calling it a remarkable example of federal, state, and local cooperation, US Sec. of the Interior Sally Jewell said the US Bureau of Land Management is finishing up plans to protect the Greater Sage Grouse and make it unnecessary for the US Fish and Wildlife Service to list it as an endangered or threatened species.

Encana trims additional $700 million from 2015 capital budget

Encana Corp. is reducing its previously reported capital investment for 2015 by $700 million to $2-2.2 billion “to maintain a solid balance sheet and help strengthen liquidity through a low price environment.”

Hickenlooper’s siting task force calls for more local consultation

Colorado Gov. John W. Hickenlooper’s (D) oil and gas siting taskforce called for more consultation and greater involvement with local communities on Feb. 24, but stopped short of giving them more power as it forwarded 9 of 36 proposals to him, The Denver Post reported.

MARKET WATCH: NYMEX crude oil prices holding above $49/bbl

US light, sweet crude oil prices for April delivery settled slightly above $49/bbl on the New York market Feb. 24 while market participants awaited the US government’s inventory report on oil and product supplies.

Santos-Inpex JV gains permits in Browse basin

A joint venture of Santos Ltd. and Inpex Corp. has been awarded two exploration permits in the Browse basin offshore Western Australia, about 500 km from Broome.

Obama vetoes bill approving Keystone XL crude oil pipeline

US President Barack Obama vetoed S. 1, authorizing construction of the proposed Keystone XL crude oil pipeline, saying that Congress had attempted to circumvent long-standing processes for determining whether building and operating a crossborder pipeline was in the national interest.

UKCS report cites need for deep cost cuts

The struggling producing industry on the UK Continental Shelf needs deep cost cuts, according to the Oil & Gas UK’s Activity Survey 2015.

IHS: Crude transported by Keystone XL would be consumed in US

Most, if not all, of the crude oil that would be transported via the proposed Keystone XL pipeline to the US Gulf Coast would not be exported, and the vast majority of refined product—about 70%—derived from it would be consumed in the US, according to a recent report by IHS.

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Texas A&M University at Qatar (TAMUQ) (http://www.qatar.tamu.edu/) invites applications for the position of Chair of the Petroleum Engineering ...
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