More Unconventional News

Study says most of California’s fracturing done in Kern County

Jan 19, 2015

Almost all hydraulic fracturing done in California happens in the southwest portion of the San Joaquin basin in Kerr County, said a scientific study released by the California Natural Resources Agency, the California Council on Science & Technology (CCST), and Lawrence Berkeley National Laboratory.

BHI: US rig count plunges 74 units, hits lowest total since October 2010

Jan 16, 2015

The US drilling rig count plunged 74 units—all on land—to settle at 1,676 rigs working during the week ended Jan. 16, Baker Hughes Inc. reported. That’s the lowest total since the Oct. 29, 2010, rig count, which totaled 1,672.

Range cuts 2015 capital budget to $870 million

Jan 15, 2015

Range Resources Corp., Ft. Worth., has reduced its capital budget for 2015 to $870 million from the previously reported $1.3 billion, which already represented an 18% cut compared with the 2014 budget.

Conoco’s Lance calls for repeal of US crude oil export ban

Jan 15, 2015

The US crude export ban that was imposed in 1975 should be repealed 40 years later to ensure the US oil and gas renaissance continues, ConocoPhillips Chief Executive Officer Ryan Lance said.

EIA: Continued global oil stock build to keep pressure on oil prices

Jan 13, 2015

In its most recent monthly Short-Term Energy Outlook (STEO), the US Energy Information Administration reported it expects global oil inventories to continue to build in 2015, keeping downward pressure on oil prices.  

EnLink buys Permian basin crude gathering operation

Jan 13, 2015

A subsidiary of EnLink Midstream Partners LP has agreed to by LPC Crude Oil Marketing LLC, which has crude oil gathering, transportation, and marketing operations in the Permian basin. LPC purchases, transports, and sells about 60,000 b/d. The acquisition adds crude oil first purchasing and logistics to EnLink’s existing Permian natural gas gathering and processing services.

American Energy Appalachia makes executive appointments

Jan 13, 2015

Jeffrey A. Fisher has been named chief executive officer of the newly formed American Energy Appalachia Holdings LLC (AEA), a unit of American Energy Partners LP (AEP).

Take that, Canada!

Jan 12, 2015

Mexican President Enrique Pena Nieto needs a warning about how the US treats friends nowadays. On the day of his chummy, Dec. 6, 2014, meeting with President Barack Obama in Washington, DC, the White House promised Obama would veto legislation approving the Keystone XL pipeline border crossing.

BHI: US rig count plunges 61 units in last week

Jan 9, 2015

The US drilling rig count plunged 61 units—almost entirely land-based oil rigs—to settle at 1,750 rigs working during the week ended Jan. 9, Baker Hughes Inc. reported.

Start-up delayed for North Dakota refinery

Jan 9, 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 delayed commercial production of diesel fuel and other products at its 20,000-b/d diesel refinery in North Dakota until the second quarter.

Sharp drop expected in global E&P spending in 2015, study says

Jan 8, 2015

Global capital expenditures for oil and gas exploration and production projects are expected to drop 17% to $571 billion in 2015, according to Cowen and Co.’s annual study of 476 oil and gas companies’ E&P capex budgets. The study assumes an average West Texas Intermediate price of $70/bbl.

American Energy’s Utica, Marcellus units to merge

Jan 8, 2015

American Energy–Utica LLC (AEU) and American Energy–Marcellus LLC (AEM), both affiliates of American Energy Partners LP (AELP), will merge in an all-stock transaction. 

Moniz: Low crude prices unlikely to change US energy policies

Jan 8, 2015

Crude oil prices below $50/bbl could force some producers to reduce capital expenditures if they go on for long, but are not likely to change US energy policies, according to US Sec. of Energy Ernest G. Moniz.

Athabasca Oil promotes Broen to president

Jan 8, 2015

Athabasca Oil Corp., Calgary, has promoted Rob Broen to president. Broen has been chief operating officer and retains that title. Tom Buchanan continues as chief executive officer and chairman.

BHI: US rig count drops 109 units in last month

Jan 5, 2015

Again led by losses in Texas and California, the US drilling rig count dropped 29 units to settle at 1,811 units working during the week ended Jan. 2, Baker Hughes Inc. reported.

Oil-price plunge raises questions about unconventional plays

Jan 5, 2015

An oil-price plunge that began in the second half of 2014 and continues into 2015 raises questions about production from unconventional resources in the US.

North Dakota producers face new vapor pressure standards

Jan 5, 2015

North Dakota has approved new rail transportation safety standards for crude oil that stipulate operating standards for oil-conditioning equipment at the well to separate production fluids into gas and liquid.

New York state moves to ban hydraulic fracturing

Jan 5, 2015

High-volume hydraulic fracturing will be banned in New York state, Gov. Andrew Cuomo's administration announced Dec. 17, citing health risks and concerns about possible contamination of air and water. The state for years has had a temporary moratorium on fracing in the Marcellus shale.

Severance tax would backfire, Pennsylvania association leaders warn

Jan 5, 2015

Enacting a severance tax aimed at Pennsylvania's unconventional natural gas activity would substantially harm the commonwealth beyond the industry itself, three oil and gas trade association officials warned.

American Eagle suspends oil drilling in Bakken for 2015

Jan 2, 2015

American Eagle Energy Corp., Denver, has suspended its 2015 drilling budget and does not anticipate resuming drilling operations until crude oil prices improve.

Stay Connected