Independents see problems in BLM venting, flaring proposal

The Independent Petroleum Association of America and three other associations representing US independent oil and gas producers jointly urged the US Bureau of Land Management to withdraw its proposed venting and flaring rule.

Nick Snow
May 2nd, 2016
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How to overcome casing flotation limitations to access the full wellbore
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How to overcome casing flotation limitations to access the full wellbore

Running casing to depth in long lateral sections is challenging, often costing operators a significant portion of pay zone at the toe of the well. This article highlights a technology that helped one operator add $120,000 to its incremental gas recovery.

Sep 6th, 2019
Economics & Markets
Saudi officials see early supply recovery

Saudi Arabia’s oil production will recover faster than initially feared from damage inflicted by unmanned aircraft Sept. 14 to the Abqaiq crude oil processing complex and Khurais oil field, Saudi officials say.

Bob Tippee
Sep 18th, 2019
Government
Murkowski calls for DOE to monitor IMO 2020 implementation impacts

US Sen. Lisa Murkowski, chair of the Senate Energy and Natural Resources Committee, has recommended that the Department of Energy monitor impacts as the country implements the International Maritime Organization’s stricter sulfur limits starting Jan. 1.

Nick Snow
Sep 18th, 2019
General Interest
EIA: US crude inventories up 1.1 million bbl

US crude oil inventories for the week ended Sept. 13, excluding the Strategic Petroleum Reserve, increased 1.1 million bbl from the previous week, according to data from the US Energy Information Administration.

OGJ editors
Sep 18th, 2019
Government
US House bill introduced to raise federal onshore leasing bonds

US Rep. Alan Lowenthal (D-Calif.) introduced a bill that would increase bonds that oil and gas developers must post before being allowed to drill on federal onshore public lands.

Nick Snow
Sep 18th, 2019
Economics & Markets
MARKET WATCH: NYMEX drops under $60/bbl, Brent under $65/bbl

Light, sweet crude prices dropped more than $3/bbl in New York and Brent fell more than $4/bbl in London Sept. 17 after Saudi Arabia said it has already restored some crude oil production that was lost to attacks on a processing complex and an oil field.

Paula Dittrick
Sep 18th, 2019
Government
DOE to invest in offshore enhanced oil recovery R&D projects

The US Department of Energy will invest nearly $9 million in three offshore enhanced oil recovery research and development projects, DOE’s Fossil Energy Office reported.

Nick Snow
Sep 17th, 2019
Economics & Markets
MARKET WATCH: Oil price benchmarks jump about $8/bbl

Light, sweet crude prices soared by about $8/bbl on markets in New York and London Sept. 16 as investors evaluated the effects on Saudi crude oil production following drone strikes that knocked out 5.7 million b/d.

Paula Dittrick
Sep 17th, 2019
Exploration & Development
BLM reports results of eastern states lease sale

The US Bureau of Land Management’s latest quarterly eastern states oil and gas lease sale attracted nearly $1.4 million in competitive bids on 30 of 31 available parcels totaling about 3,031 acres in Alabama, Mississippi, Louisiana, and Ohio.

Nick Snow
Sep 17th, 2019
Economics & Markets
Attacks in Saudi Arabia rock oil market

The loss of 5.7 million b/d of Saudi crude oil production to airborne incursion on Sept. 14 shoved the oil market into panicky adjustment and raised worry about retaliation in an always-tense region.

Bob Tippee
Sep 16th, 2019