Drill

Not long ago W&T Offshore Inc. was planning to drill about 25 wells this year. However, the company has backed down from that number as it eyes a market for acquisitions and joint ventures that is becoming increasingly attractive, CEO Tracy Krohn said last Thursday.

Not long ago W&T Offshore Inc. was planning to drill about 25 wells this year. However, the company has backed down from that number as it eyes a market for acquisitions and joint ventures that is becoming increasingly attractive, CEO Tracy Krohn said Thursday.

Not long ago W&T Offshore Inc. was planning to drill about 25 wells this year. However, the company has backed down from that number as it eyes a market for acquisitions and joint ventures that is becoming increasingly attractive, CEO Tracy Krohn said Thursday.

The Colorado Oil & Gas Conservation Commission is still forecasting a 38% decline from 2008 in applications for permits to drill (APD) for natural gas and oil, staff said in its monthly report for September.

Canadian natural gas exports to the Lower 48 are down and likely to decline even more in the short term, and that poses “significant challenges” for the country’s operators to remain competitive, a Nexen Inc. executive said Wednesday.

Rockies Express Pipeline (REX) Thursday revised its estimate for in-service of REX-East due to delays in completing its Illinois River horizontal directional drill (HDD), which has been complicated by adverse weather.

Natural gas and oil prices may be low, but the energy industry continues to push for more access to drill in the U.S. offshore. It’s all about the future, Devon Energy Corp. CEO Larry Nichols told an audience last week at the Offshore Technology Conference (OTC) in Houston.

Rockies Express Pipeline (REX) Thursday revised its estimate for in-service of REX-East due to delays in completing its Illinois River horizontal directional drill (HDD), which has been complicated by adverse weather. Service to all REX-East interim service delivery points is expected to begin in late May. REX affirmed its previously projected in-service dates for Lebanon, OH, of June 15 and Clarington, OH, of Nov. 1. The Illinois River HDD has caused repeated delays of REX-East work (see NGI, April 27). Initial REX-East service is projected to commence in late May into Zone 3 at 1,600 MDth/d. This includes all interim service delivery points, which are NGPL (Moultrie County, IL), Trunkline (Douglas County, IL), Midwestern (Edgar County, IL) and PEPL (Putnam County, IN). In addition, the Ameren (Moultrie County, IL) delivery point is expected to commence service contemporaneous with interim service. Service to Lebanon is projected to commence June 15 with an initial capacity of 1,600 MDth/d to the Lebanon delivery points. Capacity will later increase to 1,800 MDth/d. In-service of the fully powered REX-East to Clarington is projected to be Nov. 1, capacity following necessary operational approvals will be 1,800 MDth/d. For more information visit www.rexpipeline.com, “Rockies Express — East,” “REX-East — Informational Posting.”

Natural gas and oil prices may be low, but the energy industry continues to push for more access to drill in the U.S. offshore. It’s all about the future, Devon Energy Corp. CEO Larry Nichols told an audience at the Offshore Technology Conference (OTC) in Houston.