Despite global plans to reduce the sulfur content in marine transportation fuels by 2020, limited infrastructure and high development costs initially may prevent vessel operators from switching to liquefied natural gas (LNG) as a fuel source, according to the Energy Information Administration (EIA).
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Florida Lawmakers Move to Ban Unconventional Drilling
Florida lawmakers have advanced a pair of bills designed to prohibit hydraulic fracturing, which is used in unconventional drilling.
March 28, 2019
Magellan Cuts Capex, Says Permian Gulf Coast Oil Pipe ‘Unlikely’
Magellan Midstream Partners LP plans to reduce its capital expenditures (capex) through 2020 after determining that an oil pipeline project to connect the Permian Basin to the Texas coast was unlikely to proceed.
March 26, 2019
Colorado Energy Industry in ’17 Supported 89,000 Jobs, $1B in Revenue, Says Industry Report
The upstream and midstream sectors of Colorado’s oil and gas industry supported 89,000 jobs, accounted for $13.5 billion of the gross domestic product and created $1 billion of public revenue in 2017, according to researchers at the University of Colorado Denver Business School.
March 25, 2019
North Dakota Fort Berthold Revenue-Sharing Bill Awaiting Governor’s Signature
The Republican-controlled North Dakota Legislative Assembly has passed legislation giving more oil and natural gas tax revenue to the three Native American tribes on the Fort Berthold Reservation, which accounts for about one-fifth of the state’s oil production from the Bakken Shale.
March 22, 2019
SM Energy Says Permian Natural Gas Sales Impacted by Force Majeure
Denver-based independent SM Energy Co. said a package of wells in the Permian Basin have been drilled and completed within budget, but a third-party natural gas processing facility offline because of a force majeure has impacted sales.
March 22, 2019
Permian Slowdown Drives Decline in Latest BHGE Drilling Count
The U.S. rig count fell by 10 to 1,016 for the week ended Friday (March 22), driven by a slowdown in the Permian Basin, according to data from Baker Hughes, a GE Company (BHGE).
March 22, 2019
Nuevo Dos to Expand Newly Acquired Eagle Ford System
Equity-backed Nuevo Midstream Dos LLC plans to purchase and expand an oil gathering, storage and intermediate transportation system in the Eagle Ford Shale in South Texas.
March 21, 2019
Roan Reworks Anadarko Basin Plans on Well Interference Issues
Roan Resources Inc. has redesigned its 2019 drilling plans for the stacked plays within the Anadarko Basin after four wells targeting the Woodford Shale were impacted last year by well interference issues with the Mayes Shale.
March 21, 2019
Judge Orders Wyoming Drilling Halted on Climate Change Issues
A federal judge ruled late Tuesday that the Interior Department’s Bureau of Land Management (BLM) did an inadequate job of considering the effects of climate change when it authorized oil and gas lease sales in the West, and he ordered a temporary halt to drilling on more than 300,000 acres in Wyoming.
March 20, 2019