Exxonmobil

Supermajors Bankrolling Most North American E&P Spending

ExxonMobil Corp., Chevron Corp., BP plc and super independent ConocoPhillips are expected to lead all other exploration and production (E&P) spenders in the United States this year, with capital expenditures (capex) on average about 5% higher than in 2012, according to a survey by Barclays Capital. Last year’s No. 2 spender, Chesapeake Energy Corp., dropped to No. 5 after cutting its exploration plans.

June 5, 2013
Questar Holds Open Season to Expand Uinta Takeaway Capacity

Questar Holds Open Season to Expand Uinta Takeaway Capacity

Responding to the increase in natural gas production out of the Uinta Basin, Questar Pipeline Co. will be holding a binding open season to solicit support for an expansion of takeaway capacity by extending its Jurisdictional Lateral 138 (JL138) to the Myton Yard in Myton, UT.

May 14, 2013

Industry Briefs

Mexico state-owned oil monopoly Petroleos Mexicanos (Pemex) has signed a five-year agreement with ExxonMobil Corp. to share technical and scientific information. The agreement renews a previous collaboration agreement between the two companies, said officials. Mexico President Enrique Pena Nieto, who took office in December, recently told reporters that Pemex wouldn’t be sold or privatized, but it would be modernized. Pemex, Mexico’s largest company, provides nearly all of its profits to the federal government. Natural gas production in Mexico has risen slightly from a year ago, but it has fallen over the past four years, according to Pemex. In February, gas output was 6.475 Bcf/d, compared with 6.430 Bcf/d a year ago. However, 2012 gas output averaged an estimated 6.385 Bcf/d, versus 6.594 Bcf/d in 2011 and 7.020 Bcf/d in 2010. Mexico also is a net crude oil exporter, but production fell to less than 3 million bbl in 2011 from almost 4 million bbl in 2003-2004.

April 5, 2013

TransCanada Pipeline Project Targets Montney Gas

Five years from now, Montney Shale gas could have a pathway to the British Columbia (BC) west coast and potentially lucrative Asian gas markets via a C$5 billion pipeline project announced by TransCanada Corp. on Wednesday.

January 10, 2013

XTO Energy ‘Delays’ Dallas Drilling Fight

Less than a month after renewing its fight for the right to drill its leases at Hensley Field in southwest Dallas, ExxonMobil Corp.’s XTO Energy told the Dallas City Planning Commission to strike its request for specific use permits from the agenda for its Dec. 20 meeting.

December 10, 2012

XTO ‘Delays’ Dallas Drilling Fight

Less than a month after renewing its fight for the right to drill its leases at in southwest Dallas, ExxonMobil Corp.’s XTO Energy told the Dallas City Planning Commission to strike its request for specific use permits from the agenda for its Dec. 20 meeting.

December 10, 2012

Alaska Gasline Open Season Includes LNG Option

The Alaska Pipeline Project (APP), a venture of TransCanada Corp. and ExxonMobil Corp., is holding a nonbinding solicitation of interest for capacity on a potential pipeline to carry Alaska North Slope gas.

August 6, 2012

Alaska Gasline Open Season Under Way

The Alaska Pipeline Project (APP), a venture of TransCanada Corp. and ExxonMobil Corp., is holding a nonbinding solicitation of interest for capacity on a potential pipeline to carry Alaska North Slope gas.

July 31, 2012

Tillerson: At $2.50, The Price is Wrong

ExxonMobil Corp. CEO Rex Tillerson gave a New York City audience a glimpse of natural gas producers’ empty pockets during an exchange about gas prices following a speech he gave to the Council on Foreign Relations last Wednesday.

July 2, 2012

Oil and Gas Operators Prepared for Colorado Wildfires, COGA Says

One of the newer, smaller wildfires raging in Colorado sparked concerns Thursday about natural gas exploration and production (E&P) activities along the Western Slope in the Piceance Basin, but industry sources said there was no cause for alarm among citizens or fire-fighting officials. Any dangers are minimal because facilities can be shut in with the push of a button, an oil and gas official said.

June 29, 2012