More Unconventional News

EIA: East Coast refineries got 52% of crude by rail in February

May 5, 2015

US East Coast refineries received more than half of their crude oil feedstocks by rail during February, the US Energy Information Administration reported.

EOG Resources posts $170-million 1Q net loss

May 4, 2015

EOG Resources Inc., Houston, reported a first-quarter net loss of $169.7 million, down from net income of $660.9 million during first-quarter 2014.

Hair-trigger supply a new challenge of managing oil assets

May 4, 2015

Reluctance by Saudi Arabia to cut production in defense of the crude price reflects important new realities of the oil market.

Dakota Prairie commissions first US refinery in nearly 40 years

May 4, 2015

Dakota Prairie Refining LLC, a joint venture of MDU Resources Group Inc., Bismarck, ND, and its 50-50 partner Calumet Specialty Produces Partners LP, Indianapolis, has started commercial production of diesel fuel and other products at its 20,000-b/d diesel refinery in North Dakota.

BHI: US rig count loses 27 units, down 1,015 units since Dec. 5

May 1, 2015

The US drilling rig count fell 27 units—all on land—to 905 rigs working during the week ended May 1, according to data from Baker Hughes Inc. The count has now plunged 1,015 units over 21 weeks since the week ended Dec. 5.

BLM fracing variance inadequate, Wyo. official tells Senate panel

May 1, 2015

The US Bureau of Land Management’s final hydraulic fracturing rule allows states with their own requirements to seek a variance under which their rules would apply if they were more stringent, BLM Director Neil Kornze told a US Senate Energy and Natural Resources subcommittee. But Mark Watson, Wyoming state oil and gas supervisor, said BLM would benefit instead of the states.

Statoil reports $4.67 billion 1Q loss following US shale write-downs

May 1, 2015

Statoil ASA reported a negative first-quarter international financial reporting standards net income of $4.67 billion due to asset impairments of $6.08 billion primarily comprising US onshore unconventional assets including the Bakken, Eagle Ford, and Marcellus shale plays.

ExxonMobil 1Q earning down 46% year-over-year

Apr 30, 2015

ExxonMobil Corp. reported first-quarter earnings of $4.9 billion, down from $9.1 billion during first-quarter 2014 due in part by upstream losses in the US. The total, however, exceeded analyst expectations.

Enterprise, Oxy to build Delaware basin gas plant

Apr 30, 2015

Enterprise Products Partners LP (EPP) and an affiliate of Occidental Petroleum Corp., both of Houston, will develop a 150-MMcfd cryogenic natural gas processing plant to handle growing rich-gas production in the Delaware basin, EEP reported.

Hess reports 1Q net loss of $389 million, trims budget

Apr 29, 2015

Hess Corp. reported a net loss of $389 million during the first quarter compared with net income of $386 million in first-quarter 2014. An adjusted net loss of $279 million was down from an adjusted net income of $446 million in first-quarter 2014.

Colorado joins two other states in lawsuit against BLM’s fracturing regs

Apr 27, 2015

Colorado state officials joined the states of Wyoming and North Dakota in a lawsuit questioning the US Bureau of Land Management’s new rules for hydraulic fracturing for onshore drilling on tribal and federal public lands.

CERAWeek: Regulatory hurdles still threaten US shale, CEOs say

Apr 27, 2015

Leaders of prominent US shale producers came together on Apr. 21 to drive home what's emerged as a primary theme during this year's IHS CERAWeek in Houston: The urgent need to lift the export ban on US crude oil.

US shale as swing producer

Apr 27, 2015

Many are talking about US light, tight oil (LTO) as possibly becoming a new source of swing supply for the world oil market.

Symbols in Sect. 526

Apr 27, 2015

Reintroduction of a bill to repeal Sect. 526 of the Energy Independence and Security Act comes at a fateful time.

EIA: Eagle Ford’s Eagleville oil field largest in US

Apr 24, 2015

The Eagleville oil field in South Texas, discovered only in 2009, is the largest in the US, according to a supplement to a report from the US Energy Information Administration called “US Crude Oil and Natural Gas Proved Reserves, 2013.”

BHI: US rig count drops 22 units in 20th straight week of losses

Apr 24, 2015

The US drilling rig count fell 22 units to 932 rigs working during the week ended Apr. 24, marking the 20th consecutive week of declines, according to data from Baker Hughes Inc.

SandRidge names senior vice-president, production

Apr 24, 2015

SandRidge Energy Inc., Oklahoma City, has appointed John Suter as senior vice-president, production, effective Apr. 27. Most recently, Suter worked at American Energy Partners LP, serving as vice-president of the Woodford business unit since 2013.

CERAWeek: Evolutions of Pemex, YPF running parallel

Apr 23, 2015

Chief executives of Mexico’s Petroleos Mexicanos (Pemex) and Argentina’s YPF SA are both seeing energy reforms within their respective countries, and both emphasize the need for investment from international oil and gas companies to achieve their new goals.

Noble Energy settles air pollution charges from D-J basin operations

Apr 22, 2015

Noble Energy Inc. agreed to settle federal and state air pollution charges stemming from its Denver-Julesburg basin oil and gas exploration and production activities, the US Department of Justice, Environmental Protection Agency, and State of Colorado jointly said.

CERAWeek: Regulatory hurdles still threaten US shale, CEOs say

Apr 22, 2015

Leaders of prominent US shale producers came together on Apr. 21 to drive home a point that’s emerged as a primary theme during this year’s IHS CERAWeek in Houston: The urgent need to lift the export ban on US crude oil.

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