A bet to procure a big reserve of guar gum, an additive used in hydraulic fracturing (fracking) fluid, proved to be a costly mistake in the second quarter, Halliburton Co. CEO Dave Lesar told energy analysts on Monday.
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Nebraska Governor Signs Oil Pipeline Law
As was expected, Nebraska Gov. Dave Heineman on Tuesday signed into law a measure allowing the Nebraska Department of Environmental Quality (NDEQ) to resume its review and oversight of an alternate route for the northern portion of the Keystone XL oil pipeline project. It is effective Wednesday.
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Dave Neslin, who has helmed the Colorado Oil and Gas Conservation Commission (COGCC) for five years and who helped to shape and then implement more stringent statewide natural gas and oil regulations, is resigning effective March 1 to join Denver law firm Davis Graham & Stubbs LLP. Neslin, who joined the COGCC on an interim basis in late 2007, was instrumental in implementing the controversial drilling regulations that increased scrutiny of gas and oil production in 2009. Neslin was appointed to his current position in April 2009. Prior to joining the commission Neslin, an attorney, had been a partner in Denver law firm Arnold & Porter. No replacement has been named by the commission.
People
Dave Neslin, who has headed the Colorado Oil and Gas Conservation Commission (COGCC) for five years and who helped to shape and then implement more stringent statewide natural gas and oil regulations, said he is resigning effective March 1 to join Denver law firm Davis Graham & Stubbs LLP. Neslin, who joined the COGCC on an interim basis in late 2007, was instrumental in implementing the controversial regulations that increased scrutiny of gas and oil production in the state in 2009. Neslin was appointed to his current position in April 2009. Prior to joining the commission Neslin, an attorney, had been a partner in Denver law firm Arnold & Porter. No replacement has been named by the commission.
MSC Elects Chesapeake Executive as New Chairman
The Marcellus Shale Coalition (MSC) has elected a top Chesapeake Energy Corp. executive to lead the industry coalition into 2012.
Halliburton’s Goal: ‘Frack of the Future’
In terms of oilfield services supply and demand conditions, Halliburton Co. CEO Dave Lesar sees the U.S. unconventional basins in black-and-white terms: oversupplied, undersupplied or neutral.
Halliburton Sees No Slowdown in North America’s Onshore
In terms of oilfield services supply and demand conditions, Halliburton Co. CEO Dave Lesar sees the U.S. unconventional basins in black-and-white terms: oversupplied, undersupplied or neutral.
Plains Exploration Agrees to Retire Leases in Wyoming Range
Wyoming Gov. Dave Freudenthal Wednesday said he was encouraged by the deal that Plains Exploration & Production (PXP) reached with two interest groups to retire nearly half of the independent producer’s gas drilling lease acreage in the Wyoming Range.
North American Unconventionals Drive Halliburton Profits
The sustained push to unlock shale gas and oil across North America drove Halliburton Inc.’s profits in the third quarter, CEO Dave Lesar said Monday.
Wyoming, Colorado Up Sage Grouse Protections
Wyoming Gov. Dave Freudenthal last week issued a revised executive order on the state’s sage grouse core population area strategy, which is expected to impact not only natural gas and oil operators, but also wind power development.