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Gulfport Keeping Utica Natural Gas Curtailed to Await Better Prices
E&P
Lower 48 ‘Remains Core’ to BP’s Business, but Higher Prices Said Key to Boosting Activity
The Lower 48 oil and natural gas business that BP plc carved out under a separate umbrella took a tumble in the second quarter, with the rig count falling from 13 working during the first three months of the year to only one at the end of June. The primary production focus of Denver-based BPX…
August 6, 2020Earnings
Cost Cuts Bolster Profits for Lower 48 Operators Enable, EnLink
Aggressive cost-cutting helped prop up the bottom lines in the second quarter of two big Lower 48 midstream operators, Enable Midstream Partners LC and EnLink Midstream LLC, and expense control remains a high priority amid the shocks of the coronavirus pandemic and the demand destruction it created. Oklahoma City-based Enable said it moved swiftly to…
August 6, 2020Regulatory
LA Operator AllenCo Under More Scrutiny for Oil Facility Violations
The Los Angeles (LA) City Attorney has filed 25 counts against embattled exploration and production operator AllenCo Energy Inc. for alleged environmental, health and safety violations at an oil production facility. The wellsite has been under scrutiny by the Department of Conservation’s California Geologic Energy Management Division (CalGEM), which in March issued a remedial order…
August 6, 2020E&P
Argentina Natural Gas Production Down Again in June
Natural gas production in Argentina decreased by 10% year/year in June to 126 million cubic meters/day (MMm3/d), or 4.45 Bcf/d, according to the latest report by the IAE Argentine Energy Institute. Analysts attributed the drop to restrictions in place because of the coronavirus pandemic and “a level of demand notably different from the same month…
August 6, 2020Recent News
