Drilling

New Leasing Rules Benefit New York Producers, Land Owners

Legislation encompassing a sweeping reform of leasing and drilling rules in New York State that was signed by the governor last week is “a good compromise for all the parties involved,” according to Brad Gill, executive director of the Independent Oil and Gas Assoc. of New York (IOGA). “This is fair to operators and landowners.

August 8, 2005

BLM Proposes New Permitting Charges for Activities on Public Lands

The Bureau of Land Management (BLM) has announced it will publish proposed new fees for oil and gas drilling and other permits for use of public lands in Tuesday’s Federal Register.

July 19, 2005

House Lawmaker Proposes Repeal of Ban on Drilling in Eastern Gulf of Mexico

Rep. Ernest Istook (R-OK) late Monday planned to offer an amendment to the House Rules Committee to repeal the moratorium on drilling in the eastern Gulf of Mexico when oil imports reach two-thirds of U.S. consumption, a spokeswoman said.

May 17, 2005

LNG, OCS Holding Up Oil and Gas Title of Senate Energy Bill

Senate negotiations on the oil and gas title of the energy bill are being stymied by two key issues — jurisdiction over the siting of liquefied natural gas (LNG) import terminals and drilling on the federal Outer Continental Shelf (OCS), according to Capitol Hill sources.

May 13, 2005

U.S. Rig Count Increases in April, Baker Hughes Says

Rigs drilling in a search for natural gas and oil in the United States for the month of April came in at 1,334, an increase of 28 over March, according to the latest statistics from Baker Hughes Inc. April 2005 also had 183 more rigs operating in the U.S. than April 2004.

May 9, 2005

Scotian Regulatory Changes Amenable to Producers

To increase drilling and knock down barriers to exploration and production, Nova Scotia Minister of Energy Cecil P. Clarke said Tuesday that the province has improved its regulatory processes to collect more royalties and impose fewer penalties.

May 9, 2005

Scotian Regulatory Changes Amenable to Producers

To increase drilling and knock down barriers to exploration and production, Nova Scotia Minister of Energy Cecil P. Clarke said Tuesday that the province has improved its regulatory processes to collect more royalties and impose fewer penalties.

May 4, 2005

Congress Passes ANWR-Friendly Budget Resolution

Congress late Thursday passed a $2.6 trillion budget for fiscal 2006 that would, among other things, clear the way for oil and natural gas drilling on the coastal plain of Alaska’s Arctic National Wildlife Refuge (ANWR).

May 2, 2005

El Paso’s E&P Stabilizes, Expects to Boost Production with Acquisitions

El Paso Corp.’s exploration and production (E&P) business hit bottom in 2004, but with a complete restructuring, improved drilling results, two bolt-on acquisitions — and a third expected to close this month — the “offense is back on the field,” said CEO Doug Foshee on Thursday.

January 10, 2005

El Paso’s E&P Stabilizes, Expects to Boost Production with Acquisitions

El Paso Corp.’s exploration and production (E&P) business hit bottom in 2004, but with a complete restructuring, improved drilling results, two bolt-on acquisitions — and a third expected to close this month — the “offense is back on the field,” said CEO Doug Foshee on Thursday.

January 7, 2005