The U.S. rig count continued to bounce back for the week ended Friday, adding eight to its tally on the strength of gains in Texas and Louisiana, according to data by Baker Hughes Inc.
Texas energy employment expanded in September by 4,100 to roughly 222,000, with oil and gas extraction jobs increasing for the first time since April, according to the Federal Reserve Bank of Dallas.
TransCanada Corp.’s Keystone pipeline system sprang a leak Thursday, only days before a scheduled regulatory ruling on the hotly contested XL proposal for a jumbo addition.
U.S. land operations for contract driller Helmerich & Payne Inc. (H&P) are hitting on all cylinders, with the onshore market share up 5% from a year ago, the Tulsa operator said Thursday.
North Dakota’s Bakken Shale soon will need more infrastructure to expand natural gas capture processes as flaring moves higher, Department of Mineral Resources Director Lynn Helms said Wednesday.
Operating efficiencies that allowed earlier than expected turn-in-lines during the third quarter helped Rex Energy Corp. beat guidance for the period and have the company on track to meet its year-end exit rate production growth target of 15…
While still leaking some red ink, Oklahoma City-based Chaparral Energy Inc.’s management reaffirmed Tuesday that the company intends to complete its post-bankruptcy transformation into a pure-play STACK (the Sooner Trend of the Anadarko Basin, mostly in Canadian and Kingfisher counties) operator with plans for up to three rigs running there through the end of next year.
Oil and natural gas industry representatives in Texas and New Mexico are pushing back against separate reports by the Environmental Defense Fund (EDF) that the energy industry is wasting gas through venting and flaring unnecessarily, harming t…
Devon Energy Corp. is claiming the highest output of any well to date within one of Oklahoma’s stacked reservoirs, a Lower Meramec well that achieved a peak 24-hour rate of 5,100 boe/d.
Linn Energy Inc. said it has eliminated all of its outstanding debt after selling more than $1.5 billion in assets so far this year, and plans to conduct additional divestitures in the Permian Basin, Utah and Oklahoma before the end of the yea…
U.S. land permitting is off to a hot start in November, standing at 2,106 as of last Friday (Nov. 10), but a seasonal slowdown may temper year-end results, Evercore ISI said Tuesday.
Natural gas and oil production from the nation’s seven most prolific onshore unconventional plays will increase by an estimated 1.3% in December compared to November, marking the 12th consecutive month of upswing, according to the Energy Information Administration (EIA).
The combined value of Ohio’s oil and natural gas production last year increased significantly to more than $4.2 billion, up from $2.97 billion in 2015, according to an annual mineral industries report released last week by the Ohio Depar…
A working version of a comprehensive tax reform bill under consideration by a Senate panel appears more generous to the oil and gas industry than a version unveiled by lawmakers in the House.
Basis differentials at the Waha Hub, situated at the heart of the Permian Basin, could “blow out materially” over the next year or two, and Energy Transfer Partners LP is poised to take advantage, management said.
Broomfield, CO, voters on Tuesday passed a ballot measure to impose local oversight over oil and natural gas activities, and earlier this week the Lafayette, CO, city council enacted a six-month moratorium on drilling activities.
With a development agreement secured with Broomfield, CO, Denver-based Extraction Oil & Gas Inc. stands ready to exploit its holdings across the Denver-Julesburg Basin, executives said this week.
Voters in Bowling Green, OH, on Tuesday definitively rejected a referendum that would have prohibited natural gas pipelines from being built on city-owned property.
The U.S. Court of Appeals for the District of Columbia has ordered a temporary stay of construction on the Transcontinental…
PDC Energy Inc. continued to lean on its core assets in the Denver-Julesburg Basin during the third quarter, while it built momentum and further delineated its position in the Permian Basin’s Delaware sub-basin, which also helped push up…
California Resources Corp. (CRC) is looking for more joint venture (JV) partners and is envisioning better natural gas prospects in the state’s major basins.
After three years of field trials, extended supply development is beginning on Western Canada’s second shale gas frontier in the Kaybob Duvernay area of west-central Alberta by a unit of Chevron Corp.
EOG Resources Inc. added two new “premium” oil plays and 800 potential well locations to its stable during 3Q2017, with a combined estimated net resource potential of 750 million boe, as it looks to complete an additional 25 wells before the end of the year.
The state of Ohio is suing Rover Pipeline LLC over numerous alleged water quality violations occurring during the 713-mile greenfield project’s construction in the state, Ohio Attorney General (AG) Mike DeWine announced Friday.
North Dakota’s Bakken Shale will experience 10% growth in oil and natural gas activity next year, with steady but more moderate growth in the two subsequent years, according to Lynn Helms, director of the state’s Department of Mineral Resources.
National Fuel Gas Co. (NFG) is forecasting a decrease in earnings for fiscal year (FY) 2018, which began last month, primarily as a result of lower anticipated commodity prices for its upstream business segment.
Enterprise Products Partners LP said it may consider raising tariffs of its Seaway Pipeline, one week after a competitor, TransCanada Corp., told federal regulators that it wants to increase the temporary discounted spot rate for light crude…
Rapid City, SD-based Black Hills Corp. has decided to sell what remains of its oil/natural gas business by the end of next year, CEO David Emery reported during a 3Q2017 earnings conference call on Friday. Included are San Juan Basin and Pow…
The pullback in U.S. drilling activity showed no signs of letting up for the week ended Friday, as the domestic rig count fell for the fifth consecutive week, according to data released by Baker Hughes Inc.
Oklahoma City-based Devon Energy Corp. is shifting to development mode in its core in the STACK (aka, the Sooner Trend of the Anadarko Basin, mostly in Canadian and Kingfisher counties) and the Permian’s Delaware sub-basin in 2018 as the company continues to focus on returns over growth, management said Wednesday.
Despite the recent pullback in the U.S. rig count and the uncertainty in the 2018 outlook, drilling technology expert…
Another voting session came to an end in the Pennsylvania General Assembly on Thursday with no action on the latest severance tax legislation for unconventional natural gas production.
Following the sale of substantial assets on the North Dakota Fort Berthold Reservation, Denver-based Whiting Petroleum Corp. is keeping its focus on the Bakken while growing its assets in Colorado’s Denver-Julesburg (DJ) Basin and collectively maintaining 126,000 boe/d production next year, according to CEO Jim Volker.
ConocoPhillips 3Q2017 earnings were up for a second consecutive quarter, even as production declined, according to the Houston-based independent, which said Thursday it has cut its 2017 capital expenditures (capex) budget by 10%.
With just two weeks before shareholders vote on the $8 billion acquisition of Rice Energy Inc., EQT Corp.’s management team Thursday continued to plug the merger’s benefits and what it could mean for the future of the company.
Denver-based independent QEP Resources Inc. continues its shift to an oilier production mix, completing its exit from the Pinedale Anticline in September while completing this week a $683.5 million purchase of 13,000 acres in the Permian Bas…
In its first few months of service, the Rover Pipeline has opened up a route connecting Marcellus and Utica shale natural gas to liquefied natural gas exports at Cheniere Energy Inc.’s Sabine Pass terminal, and it’s shifted how gas flows between Appalachia and the Gulf Coast in the process, according to RBN Energy LLC.
In the wake of announcing back-to-back deals this week to sell overseas assets for a combined $2.65 billion, Hess Corp. said it plans to use the sales proceeds to reduce its debt and possibly deploy two additional rigs next year in the Bakken …
West Texas LPG Pipeline LP, a joint venture between Oneok and Martin Midstream Partners LP, said it plans to invest about $200 million to expand its natural gas liquids system into the Delaware Basin.
Driven by declines in the Permian Basin and Haynesville Shale, the U.S. rig count fell by 15 for the week ended Friday, nearly doubling the already steep eight-rig loss from the week before, according to data from Baker Hughes Inc.
West Virginia has officially thrown out Mountain Valley Pipeline’s Section 401 water quality certification (WQC) and will start over with a review of the project’s application after the U.S. Court of Appeals for the Fourth Circui…
It remains unclear if legislation to enact a severance tax on unconventional natural gas production that cleared the Pennsylvania House Finance Committee this week has enough support to pass the Republican-controlled chamber.
FERC Chairman Neil Chatterjee said he wants to see the Commission significantly reduce its review process for natural gas pipelines, and described the Department of Energy (DOE) proposal to provide reliability and resiliency compensation to coal and nuclear baseload generators as “a conversation we need to have.”
ExxonMobil Corp. has snapped up its first crude oil terminal in West Texas within the Permian Basin to anchor its growing position in the Delaware formation.
Foothills Exploration Inc. has acquired a 21% working interest in a pair of horizontal wells in Utah’s Uinta Basin from an undisclosed party. Financial terms of the deal were not disclosed.
Rover Pipeline LLC construction activities in Washtenaw County, MI, may be partially to blame for petroleum-laced water being discharged into nearby wetlands, according to the Michigan Department of Environmental Quality (MDEQ).
Buoyed by onshore stores of natural gas, ExxonMobil Chemical Co. has ramped up production on the first of two 650,000 ton/year high-performance polyethylene lines at its plastics plant at the giant liquids hub in Mont Belvieu, TX.
Colorado regulators have published draft rules for oil and natural gas flowlines that would no longer exempt operators from pressure testing and monitoring low-pressure pipelines, as is currently required for larger diameter systems.
Natural gas and oil production from the nation’s seven most prolific onshore unconventional plays will…
In a pair of orders handed down late Friday, FERC approved the Appalachian-to-Southeast Atlantic Coast (ACP) and Mountain Valley pipelines (MVP) in a rare split decision.
Consol Energy Inc. said Monday it produced between 99 and 103 Bcfe during the third quarter, according to preliminary estimates filed with the U.S. Securities and Exchange Commission (SEC) as part of its plans to spin off its remaining coal as…
Houston-based EP Energy Corp. said full-year production remains on track, despite losing roughly 900 boe/d during the third quarter because of impacts from Hurricane Harvey.
A newly formed oilfield services firm, backed by private equity and run by the former chief of Schlumberger Ltd. and a top executive of Weatherford Ltd., is ready to break into the marketplace following a familiar game plan.
The American Petroleum Institute (API) told a federal court in Wyoming that a decision by the Interior Department’s Bureau of Land Management (BLM) to expand the definition of “waste” is untenable as it pertains to venting and flaring associated natural gas on public and tribal lands.