The Texas rig count fell again in the latest Baker Hughes Inc. tally of active rigs, released Friday (May 1), and oily plays led the charge as producers continue to seek to balance supply with demand.
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Oil-Directed Rig Count Falls as ‘New Resiliency’ Noted For Production
The Texas rig count fell again in the latest Baker Hughes Inc. tally of active rigs, released Friday (May 1), and oily plays led the charge as producers continue to seek to balance supply with demand.
Crude Oil Volatility Study Will Take Two Years to Complete, Moniz Says
Department of Energy (DOE) Secretary Ernest Moniz said it will probably take two years to complete research into what makes some crude oil more volatile than other varieties, as regulators grapple with how to handle crude oil by rail shipments in the wake of several derailments and explosions.
Crude Oil Volatility Study Will Take Two Years to Complete, Moniz Says
Department of Energy (DOE) Secretary Ernest Moniz said it will probably take two years to complete research into what makes some crude oil more volatile than other varieties, as regulators grapple with how to handle crude oil by rail shipments in the wake of several derailments and explosions.
Chemicals Tiny Fraction of Frack Water, But It Adds Up, EPA Finds
Chemical additives make up only a fraction of the fluids used in hydraulic fracturing (fracking) operations on oil and natural gas wells, but fluid is used in such great volumes that the amount of chemicals still adds up to impressive totals, according to the Environmental Protection Agency (EPA).
EIA Trainspotting Crude-by-Rail, Publishing Data Monthly
Now that an increasing amount of crude oil moves by rail — and as these shipments have attracted safety concerns in communities and in Washington, DC — the U.S. Energy Information Administration (EIA) has added crude-by-rail data to its monthly petroleum supply reports.
BP Report Claiming GOM at Pre-Macondo Condition Called Inappropriate, Premature
BP plc’s claims that the Gulf of Mexico (GOM) has returned to pre-Macondo well blowout condition are “inappropriate as well as premature” because the largest offshore spill in U.S. history still is being assessed, federal and state trustees overseeing the Natural Resource Damage Assessment (NRDA) said.
CFTC Levies $3M Fine on ICE Futures U.S. Over Inaccurate Reporting
The U.S. Commodity Futures Trading Commission (CFTC) on Monday said it had simultaneously filed and settled charges against Intercontinental Exchange’s ICE Futures U.S. Inc. to the tune of $3 million for “submitting inaccurate and incomplete reports and data” for certain energy contracts and other commodities over at least a 20-month period, from at least October 2012 through at least May 2014.
Cold Air Stalled; February Called 24 Cents Lower
February natural gas punched through $3 support in overnight trading and is expected to open 24 cents lower Tuesday morning at $2.89 as traders come to the realization that a cold finish to January is becoming less and less likely. Overnight oil markets tumbled.
Pennsylvania Lawmakers Will Again Consider Monthly Production Reports
For the second time in less than a year, a bill that would require unconventional oil and gas drillers to report production data on a monthly basis has been introduced in the Pennsylvania House of Representatives.