The Arkansas Oil and Gas Commission (AOGC) planned to hold an emergency meeting Friday (March 4) to consider a staff request that injection of natural gas drilling waste be halted at two disposal wells while a potential connection to earthquakes in the region is considered.
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Arkansas Disposal Well Ban Extended for Tremor Study
The Arkansas Oil and Gas Commission (AOGC) has extended a moratorium on the drilling of new disposal wells in the Fayetteville Shale by six months while it collects data to determine whether disposal activities contributed to hundreds of small earthquakes in the area.
Arkansas Eyes Disposal Wells as Tremors’ Cause
The Arkansas Oil and Gas Commission (AOGC) last week extended a moratorium on the drilling of new disposal wells in the Fayetteville Shale by six months while it collects data to determine whether disposal activities contributed to hundreds of small earthquakes in the area.
Anadarko Collects $850M, Plus Wyoming Prospects for Scattered U.S. Acreage
Anadarko Petroleum Corp. on Friday said it will sell about 30% of its worldwide fields — all located onshore in the United States — for $850 million in cash and interests in two oil and natural gas fields in Wyoming to a private Dallas-based producer. Although the sale involves a large amount of acreage, the assets accounted for only 4% of year-end 2003 reserves and 7% of current production.
Anadarko Collects $850M, Plus Wyoming Prospects for Scattered U.S. Acreage
Anadarko Petroleum Corp. on Friday said it will sell about 30% of its worldwide oil and gas fields — all located onshore in the United States — to a private Dallas-based producer for $850 million in cash plus interests in two oil and natural gas fields in Wyoming. Although the sale involves a large amount of acreage, the assets accounted for only 4% of year-end 2003 reserves and 7% of Anadarko’s current production.
High Energy Costs, Loss in NGL Marketing Keep Enterprise Earnings Flat in 2Q
Higher sales in the second quarter failed to offset a loss in the natural gas liquids (NGL) marketing business and higher energy costs, Enterprise Products Partners LP said Monday. The Houston-based company, which Wall Street had forecast would earn 22 cents/unit, instead reported quarterly net income was flat: $33.1 million (11 cents/unit), compared with net income of $33.1 million (14 cents) in 2Q2003.