The Colorado Oil and Gas Conservation Commission (COGCC) reconvened Thursday in Denver, but was unable to resolve lingering issues and delayed until Feb. 11 finalizing new setback requirements for oil and natural gas wells.
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The Colorado Oil and Gas Conservation Commission (COGCC) ended three days of hearings in Denver Wednesday as it drew closer to finalizing new setback requirements for oil and natural gas wells, but it still fell short of finishing the unpopular and complex task.
San Antonio-based Abraxas Petroleum Corp. is finalizing talks to sell its 25% working interest in the Nordheim Project in the Eagle Ford Shale to an institutional buyer for about $20 million, the company said Monday.
Due to the limited availability of high-pressure pumping services, Comstock Resources Inc. said it continues to experience significant delays in completing its Haynesville or Bossier shale wells in North Louisiana. As a result, along with the relatively low price of dry natural gas, Comstock said it might put more focus on its liquids-rich Eagle Ford drilling program next year.
Russia’s Houston-based Gazprom Marketing & Trading USA (GM&T USA) and Norway’s Statoil ASA said last week they are finalizing agreements to allow Gazprom to import liquefied natural gas (LNG) to the regasification terminal at Cove Point, MD, where Statoil holds capacity. Also last week, Barclays Capital and Excelerate Energy LLC said they have agreed for Barclays to market Excelerate’s LNG cargoes arriving at its Northeast Gateway deepwater port. Barclays also will provide optimization and hedging services as part of what the firm said is its new Barclays Capital LNG Services division.