More Oil & Gas News

EPA hydraulic fracturing study may be prelude to new federal rules

Oil and gas operations have historically been regulated mainly at the state level, though the expansion of hydraulic fracturing activities has brought with it an expansion in the number and sources of regulations facing operators.

Marcellus/Utica Briefs

Chesapeake Energy leads the pack in Utica

Chesapeake Energy Corp., operator of the largest acreage position in the Utica shale, has this year set an ambitious development program that calls for doubling production from the play to more than 100,000 boe/d.

Marathon tests water conservation, downspacing in Bakken

Marathon Oil Corp. is seeking to reduce the environmental impact of operations in the Bakken shale by reducing the amount of water used during hydraulic fracturing and testing wastewater recycling techniques.

Investors watch, wait as Mexico finalizes details of energy reform

For Mexico, constitutional reform was just the first step in the long process of opening up its energy industry to outside investment.

EIA: July Brent prices drop on reduced market risk

In the August issue of its Short-Term Energy Outlook (STEO), the US Energy Information Administration maintains its 2014 US liquid fuels consumption forecast at 18.88 million b/d as projected in July compared with 18.89 million b/d in 2013. The 2015 consumption is set at 18.98 million b/d, 30,000 b/d higher than projected in last month’s STEO.

Canada Briefs

Encana dives into Eagle Ford; deal will double oil production

Encana Oil & Gas (USA) Inc. took a leap forward on plans to increase oil production with its $3.1 billion purchase of assets in the Eagle Ford shale.

Permian briefs

Eagle Ford Briefs

High cost of maintaining Eagle Ford roads strains DeWitt County

Development of the Eagle Ford shale has transformed rural DeWitt County, Tex., into one of the top oil and gas producing counties in Texas, bringing with it a welcome economic stimulus.

API urges EPA to expedite 2014 RFS requirements

The American Petroleum Institute once again has called on the US Environmental Protection Agency to transcend its pattern of missing self-pronounced deadlines and to finalize requirements under the federal 2014 Renewable Fuels Standard (RFS) as soon as possible.

MARKET WATCH: Brent crude oil futures down on lower IEA oil demand forecast

Oil prices settled about 70¢ lower on the New York market Aug. 12 while oil prices on the London market plunged more than $1 to their lowest level since early July 2013 following a report from the International Energy Agency, which lowered its oil demand forecast.

API leads industry call for more OCS access in next 5-year program

The Obama administration should consider all parts of the US Outer Continental Shelf for leasing in the 2017-22 OCS program it has begun to prepare so future national energy policy options can be maximized, the American Petroleum Institute and 10 other oil and gas trade associations jointly said.

IEA: Oil demand growth forecast lowered on downgraded economic outlook

The global oil demand growth forecast for 2014 has been curtailed since last month’s report to a more modest 1 million b/d, according to the International Energy Agency’s most recent Oil Market Report.

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