Closely

Multi-Well Pads to Drive a Summer Surge in Bakken Production

While both oil and gas production rates in the Bakken Shale set records in February, there’s much more to come. With a large increase in multi-well pad operations, North Dakota’s chief oil and natural gas regulator expects to see “a big surge in production” in the Bakken Shale starting in June.

April 18, 2013

Mississippian Lime Lifts Kansas Oil Output

Lifted by prices and successful well tests from an extension of the emerging Mississippian Lime play, oil production in Kansas rose last year, according to new estimates by the Kansas Geological Survey at the University of Kansas. Natural gas production in 2011, however, declined by more than 6%.

May 9, 2012

Chesapeake CEO Loans Send Investors Scattering

Chesapeake Energy Corp. CEO Aubrey K. McClendon over the past three years has taken out more than $1 billion in personal loans to finance his stakes in company wells and their operations, news that led some disapproving investors on Wednesday to head for the exit.

April 19, 2012

Natural Gas Dominates Fossil Fuel Growth to 2030, Says BP

Natural gas will continue to be the fastest growing fossil fuel in the world to 2030, with demand rising by about 2% a year, according to BP plc’s closely watched “Energy Outlook 2030,” which was published on Wednesday.

January 19, 2012

Granite Wash to Be Linn’s Primary Focus in 2012

With new liquids-rich properties in pocket, Linn Energy LLC said Monday it plans to spend $880 million in capital expenditures (capex) in 2012, with more than half allocated to the unconventional Granite Wash formation in Texas.

December 21, 2011

Global E&P Seen Beginning Multi-Year Growth Spending Cycle

Exploration and production (E&P) companies are in the early stages of a “multi-year, double-digit growth spending upcycle” around the globe that is characterized by increased drilling in complex geologies on land, as well as deepwater development, according to a new survey by Barclays Capital analysts.

December 7, 2011

Rockies Producers Want Faster BLM Leasing

Rockies exploration and production (E&P) companies intend to work more closely with BLM to remove uncertainty surrounding oil and gas leasing activity in many areas in the region, an official with the Denver-based Western Energy Alliance (WEA) told NGI Thursday.

October 3, 2011

Administration’s Fracking Advisory Panel Under More Fire

The number of parties unhappy with the low level of industry representation on President Obama’s new hydraulic fracturing (fracking) advisory panel continues to grow as answers are sought and questions surrounding the Department of Energy’s (DOE) motives arise.

June 21, 2011

U.S., Foreign Regulators Seek to Mesh Financial Reform Rules

The Commodity Futures Trading Commission (CFTC) is working “very closely” with international regulators to ensure that financial reforms that are implemented in the United States are consistent with those in foreign markets, said Chairman Gary Gensler.

October 25, 2010

BP’s Leak Cap Was Working; Relief Wells Continue

Engineers and executives were watching closely Friday afternoon to see whether a cap that was containing the flow of oil from BP plc’s disastrous Macondo well in the Gulf of Mexico would continue to work. While early indications were positive that the the temporary fix was a success, later pressure readings suggested the well could be leaking elsewhere.

July 19, 2010
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