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ConocoPhillips, the largest U.S. independent by market value, plans to sell stakes in an Australian project and in the Canada oilsands to direct more funds to U.S. onshore plays, CEO Ryan Lance said Thursday.

ConocoPhillips, the largest U.S. independent by market value, plans to sell stakes in an Australian project and in the Canada oilsands to direct more funds to U.S. onshore plays, CEO Ryan Lance said Thursday.

Anadarko Petroleum Corp. has unveiled a $7.2-7.6 billion capital expenditure (capex) plan for this year, and it plans to direct most of those funds to U.S. onshore and Gulf of Mexico (GOM), the operator said last week. The forecast capex for 2013 is sharply higher from a projection set last March of of $6.6-6.9 billion.

Houston-based Cabot Oil & Gas Corp. grew its natural gas production by 31% and its liquids production 61% during the third quarter compared to year-ago levels, the company said. It credited much of the growth to the Marcellus Shale, where infrastructure constraints that delayed some wells during the second quarter have been overcome.

Supply chain solutions company Savage has completed a terminal near Trenton, ND, with direct connection to BNSF Railway’s main line track, to gather crude oil from the Williston Basin and Bakken Shale and facilitate its transport to refinery markets.

Gasfrac Energy Services Inc., which has been attempting to muscle into the hydraulic fracturing (fracking) market with its waterless technology, hit some roadblocks in 2Q2012, in part because the pressure pumping market is bursting at the seams, company officials said Thursday.

The House Natural Resources Committee last Wednesday authorized its chairman to subpoena five Obama administration officials who are said to have direct knowledge or involvement in the drafting, editing or review of an Interior Department report that recommended a moratorium on deepwater drilling in the Gulf of Mexico (GOM) in May 2010 following the Macondo well blowout (see NGI, April 26, 2010).

The House Natural Resources Committee Wednesday authorized its chairman to subpoena five Obama administration officials who are said to have direct knowledge or involvement in the drafting, editing or review of an Interior Department report that recommended a moratorium on deepwater drilling in the Gulf of Mexico (GOM) in May 2010 following the Macondo well blowout (see Daily GPI, April 22, 2010).

Although there is no direct link to the catastrophic San Bruno pipeline rupture and explosion nearly two years ago, Pacific Gas and Electric Co. again was placed on the defensive by local news reports Tuesday suggesting that as recently as four years ago the combination utility was encouraging workers to defer a lot of distribution pipeline leak repairs.