More Unconventional News

API-Ohio runs radio ads against proposed state severance tax

May 26, 2015

The American Petroleum Institute launched a series of radio ads in Ohio urging people to call their state senators in opposition of any additional taxes on the oil and gas industry, said Chris Zeigler, API-Ohio executive director.

La Jolla Conference: Regulations still constraining unconventional energy development

May 26, 2015

While unconventional oil and gas production in the US remains mostly resilient amid the industry downturn, energy policy under the Obama administration hasn’t made things easier on companies forced to cope with new market realities, panelists said on May 20 during the XXIV La Jolla Energy Conference in La Jolla, Calif.

Forest fire causes Cenovus to shutter Foster Creek facilities

May 26, 2015

Cenovus Energy Inc. halted production on May 23 from its Foster Creek oil sands and Athabasca natural gas operations as a precaution due to a forest fire about 25 km south on the Cold Lake Air Weapons Range (CLAWR) in northeastern Alberta.

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

May 25, 2015

Husky begins steam operations at Rush Lake heavy oil project

May 21, 2015

Husky Energy Inc. has started commercial steam operations at the 10,000-b/d Rush Lake heavy oil thermal project in Saskatchewan (OGJ Online, Dec. 12, 2014).

Atlantic Coast Pipeline identifies alternate route segments

May 19, 2015

Atlantic Coast Pipeline LLC (ACP) has identified several alternate route segments as potentially having the least impact to environmental, historic, and cultural resources and is incorporating them into the proposed route of its 550-mile, 1.5-bcfd interstate natural gas transmission pipeline across three states. The alternate segments are in Augusta and Nelson counties, Va.

Utah will join lawsuit challenging BLM frac rules, governor says

May 19, 2015

Utah will ask to join Wyoming, North Dakota, and Colorado in a lawsuit challenging the US Bureau of Land Management’s recently issued hydraulic fracturing regulations, Gov. Gary R. Herbert (R) reported. The new federal rule unlawfully interferes with state regulations that already address the process, the action contends.

Texas governor signs bill to halt cities from banning fracturing

May 18, 2015

Texas Gov. Greg Abbott signed a bill to prevent municipalities from banning hydraulic fracturing in a move that was expected after the city of Denton last year approved a referendum to prohibit fracturing in its city limits.

USFS rejects most objections to White River National Forest draft leasing

May 18, 2015

A US Forest Service official has rejected most objections raised by the Western Energy Alliance, West Slope Colorado Oil & Gas Association, and Public Lands Advocacy to USFS’s draft oil and gas leasing decision for the White River National Forest in western Colorado.

Low crude prices may thin, but not kill, US production, speakers say

May 18, 2015

Overseas competitors who were caught off-guard initially by rising US unconventional crude oil production have increased their own outputs now and can be expected to try and keep prices low to protect their global market shares, speakers at a May 12 Atlantic Council discussion said.

Quick supply change a vital factor in oil market recovery

May 18, 2015

Large among questions hanging over an oil market groping for balance is the behavior of short-fuse supply.

PwC: Low oil prices reduce 1Q M&A activity in US

May 18, 2015

Mergers and acquisitions (M&A) activity in the US oil and gas industry took a hit in value and volume during the first quarter compared with fourth-quarter 2014, as the drop in oil prices continued to impact companies' growth strategies, according to a report from PwC US.

BHI: US rig count decline shrinks to 6 this week, settles at 888

May 15, 2015

The trend of shrinking declines in the US drilling rig count continued during the week ended May 15. Just 6 units were laid down to settle at a total of 888 rigs working, representing the smallest drop in the 23 consecutive weeks in which the count has dived, easily surpassing last week’s 11 that went offline, according to data from Baker Hughes Inc. Since Dec. 5, 1,032 units have now gone offline.

WEA survey finds strong support nationwide for energy development

May 13, 2015

US voters strongly support developing resources on public lands, giving states more control over regulating such activities, and lifting the ban on exporting crude oil produced in the US, concluded a survey commissioned by the Western Energy Alliance.

Encana records 1Q net loss of $1.7 billion

May 12, 2015

Encana Corp. posted a first-quarter net loss of $1.7 billion primarily due to a noncash, aftertax ceiling test impairment and a non-operating foreign exchange loss.

EIA: Oil output from major US shale to fall 86,000 b/d in June

May 12, 2015

Crude oil production in June from seven major US shale plays is expected to decrease 86,000 b/d compared with May to 5.6 million b/d, about even with where the total stood in March, according to the US Energy Information Administration’s latest Drilling Productivity Report (DPR).

Low crude prices may thin, but not kill, US production, speakers say

May 12, 2015

Overseas competitors who were caught off-guard initially by rising US unconventional crude oil production have increased their own outputs now and can be expected to try and keep prices low to protect their global market shares, speakers at a May 12 Atlantic Council discussion said.

PwC: Low oil prices reduce 1Q M&A activity in US

May 11, 2015

Mergers and acquisitions (M&A) activity in the oil and gas industry took a hit in value and volume during the first quarter compared with fourth-quarter 2014, as the drop in oil prices continued to impact companies’ growth strategies, according to a report from PwC US.

Cold Lake project expansion starts production

May 11, 2015

ExxonMobil Corp. has started bitumen production at the $2-billion Cold Lake Nabiye project expansion in northeastern Alberta.

Noble to acquire Rosetta for $2.1 billion, enter Permian

May 11, 2015

Noble Energy Inc., Houston, has agreed to acquire Rosetta Resources Inc., Houston, in an all-stock transaction valued at $2.1 billion, plus the assumption of Rosetta’s net debt of $1.8 billion as of Mar. 31. The deal is expected to close in the third quarter.

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