Three U.S. natural gas rigs were added to play during the week ending Friday, according to Baker Hughes Inc. (BHI). But drillers still show a preference for the black stuff, as nine oil-directed rigs came back.
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While not bullish on prices or a fast production recovery, Occidental Petroleum Corp. (Oxy) CEO Vicki Hollub said Wednesday the company expects to add two rigs in its extensive Permian Basin operations in the fourth quarter and possibly increase to as many as 15 rigs next year.
The U.S. Environmental Protection Agency (EPA) said that for the first time since 1988, it is bolstering federal regulations for underground storage tanks (UST) on the grounds that leaks from the structures are a leading cause of groundwater contamination.
With certain mitigation measures, Transcontinental Gas Pipe Line’s Rockaway Delivery Lateral and Northeast Connector Projects can deliver gas to Brooklyn and Queens, NY, without harming the environment, according to a final environmental impact statement (FEIS) prepared by Commission staff [CP13-36-000 & CP13-132-000].
BreitBurn Energy Partners LP is adding to its Permian Basin portfolio after agreeing to pay about $860 million for stakes in Whiting Petroleum Corp.’s Postle and North East Hardesty oilfields in Oklahoma.
In an announcement that ends a two-year tug of war with the U.S. Environmental Protection Agency (EPA) over jurisdiction, Wyoming energy and environmental regulators will lead the investigation, working with the EPA, to continue the study of the potential impact of natural gas production activities in the Pavillion, WY, area on drinking water.
After adding its $5.59 billion acquisition of Las Vegas-based NV Energy Inc. announced late Wednesday, MidAmerican Energy Holdings Co., will be a $66 billion combination natural gas and electric utility company serving more than 8 million customers globally, along with a growing renewable energy portfolio, international grid and generation businesses and two major interstate natural gas pipelines.