Spectra Energy Corp. said this week that it expects to spend up to $100 million assessing and repairing the damage caused by an explosion and fire that happened in April on a portion of Texas Eastern Transmission’s (Tetco) Penn-Jersey system (see Shale Daily,April 29).
Costs
Articles from Costs
Chevron Touts Permian Power
U.S. onshore results may have been lost in the weak second quarter performance by Chevron Corp., but the No. 2 U.S. producer had a strong story to tell about its onshore portfolio, particularly the venerable Permian Basin.
U.S. Silica Eyeing Regional Growth With East Texas Silica Sand Purchase
U.S. Silica Holdings Inc. is spending $210 million for an East Texas proppant sand facility to beef up its customer base in the Haynesville and Upper Eagle Ford shales and is eyeing an expansion into Oklahoma’s stacked reservoirs, CEO Bryan Shinn said Tuesday.
BP Pegs Macondo’s Total Costs Higher at $61.6B
The ultimate costs from the Macondo well blowout in the deepwater Gulf of Mexico six years ago, already considered the costliest environmental disaster in history, have reached $61.6 billion, BP plc said Thursday.
North American E&P Capital Efficiencies Strengthening on Higher NatGas, Oil Prices
Capital efficiencies for many North American producers should strengthen on the back of higher natural gas and oil prices than in 2015, but cost “reflation” has begun to reappear, according to analysts.
Sempra Energy Cites Possible Financial Leaks From Gas Storage
Sempra Energy and its Los Angeles-based Southern California Gas Co. (SoCalGas) utility have said in a regulatory filing that the full costs of the Aliso Canyon natural gas storage well leak are still unknown but could be significant.
FPL Upstream NatGas Venture Shot Down by State Supreme Court
Florida’s highest court has overturned a decision by state regulators to allow Florida Power & Light Co. (FPL) to charge ratepayers for costs related to its investment in upstream development in Oklahoma’s Woodford Shale.
Anadarko CEO Says ‘Things Feel Better Today’ Than Three Months Ago
Anadarko Petroleum Corp. has a big stack of opportunities yet to delineate in the U.S. onshore, including in Colorado’s Denver-Julesburg (DJ) and Permian basins, while costs are coming down as efficiencies are moving up.
Anadarko CEO Says ‘Things Feel Better Today’ Than Three Months Ago
Anadarko Petroleum Corp. has a big stack of opportunities yet to delineate in the U.S. onshore, including in Colorado’s Denver-Julesburg (DJ) and Permian basins, while costs are coming down as efficiencies are moving up.
BP Surprises Wall Street, as Cost Cutting Trumps Weak Prices
BP plc, the first supermajor out of the gate to deliver first quarter results, posted a surprising net profit that upended Wall Street forecasts as lower costs more than offset the impact of weaker commodity prices.