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Cost

Encana Reduces D&C Costs, Accelerates Permian Spending, But Impairments Continue

Encana Corp. is putting its pedal to the metal in the Permian Basin with improving efficiencies and has elected to transfer capital earmarked for 2016 into the play, CEO Doug Suttles said Thursday.

November 12, 2015

Weatherford Sees Positives in Restructuring; North American Revenue 2% Higher Sequentially

Weatherford International Ltd. is closing more North American operating facilities and laying off 3,000 more people, putting total workforce reductions at 14,000 this year, as it hunkers down for expected weak market conditions until late next year.

October 22, 2015

FERC Upholds Gas Pipeline Surcharge Policy, Rejects Call For Formalized Procedures

FERC on Thursday, reiterating its call for “collaboration” between a pipeline and its customers and a “case-by-case” review of pipelines’ proposed modernization cost trackers, rejected a bid by end users to set additional formal standards [PL15-1].

July 16, 2015

Industry Groups Seek Injunction Against Fracking Rule on Public Lands

Attorneys representing the Independent Petroleum Association of America (IPAA) and the Western Energy Alliance (WPA) asked a federal court to block the Bureau of Land Management (BLM) from enacting its final rule for hydraulic fracturing (fracking) on public and tribal lands, arguing that the rulemaking process was flawed and will cost producers hundreds of millions of dollars.

May 19, 2015

Industry Groups Seek Injunction Against Fracking Rule on Public Lands

Attorneys representing the Independent Petroleum Association of America (IPAA) and the Western Energy Alliance (WPA) asked a federal court to block the Bureau of Land Management (BLM) from enacting its final rule for hydraulic fracturing (fracking) on public and tribal lands, arguing that the rulemaking process was flawed and will cost producers hundreds of millions of dollars.

May 19, 2015

Dual-Fuel Costs Power Generators Less Than Firm NatGas Transportation, Study Finds

Dual-fuel capability “has a much lower cost for a new combined-cycle plant” than firm natural gas transportation for power generators in the Eastern Connection, and for simple-cycle plants the difference is even more pronounced, according to a study summarized in the last of eight Gas-Electric Coordination Quarterly Update reports issued by FERC Thursday.

December 18, 2014
Shale Gas to Sustain Positive Impacts in U.S. Manufacturing to 2040, Says PwC

Shale Gas to Sustain Positive Impacts in U.S. Manufacturing to 2040, Says PwC

As natural gas development in U.S. shale fields continues to mature, its positive effects on domestic manufacturing are expected to escalate over the next 25 years, PwC US said Thursday.

December 12, 2014

Maine PUC Moves Forward to Consider Pipeline Expansions

The Maine Public Utilities Commission (PUC) voted 2-1 to move forward with a plan to consider natural gas pipeline expansions in the state, and for regulators to pay up to $75 million a year for the expansion costs.

October 31, 2014

Escalating Upstream Costs Pressuring E&P Returns, Says IHS

The shift to more oil and liquids production, and higher commodity prices, have failed to lift corporate returns on average capital employed (ROACE), for exploration and production (E&P) companies, which are lower than they were in 2001, IHS Inc. said Friday.

June 27, 2014

Industry Briefs

Magellan Midstream Partners LP plans to construct a new pipeline origin point at Barnhart, TX, to accept crude oil shipments on the partnership’s Longhorn pipeline. The new point will be 75 miles east of the pipeline’s Crane, TX, origin and is expected to begin receiving crude oil in early 2015. The project is expected to cost…

October 8, 2013