Happen

ConocoPhillips has a plan to deliver 3-5% growth in both its oil and gas volumes and its margins, but don’t look for it to happen this year.

ConocoPhillips has a plan to deliver 3-5% growth in both its oil and gas volumes and its margins, but don’t look for it to happen this year.

It won’t happen this year, but starting in 2014 there should be a sharp increase in oil production in California, according to Occidental Petroleum Corp. (Oxy) CEO Steve Chazen, speaking last Thursday on a year-end quarterly earnings conference call.

Exporting liquefied domestic natural gas to world markets would generate a net benefit to the U.S. economy, and the more liquefied natural gas (LNG) that’s exported, the greater the benefit, according to a macroeconomic analysis of the impact of LNG exports commissioned by the U.S. Department of Energy (DOE) and released for public comment Wednesday.

U.S. regulators should approve applications to export liquefied domestic natural gas, but they should let markets decide whether and to what extent exports happen, a Council on Foreign Relations researcher asserts in an upcoming paper. Exports will have drawbacks, but these can be mitigated and will be outweighed by benefits of export, council Senior Fellow Michael Levi told reporters last Wednesday.

U.S. regulators should approve applications to export liquefied domestic natural gas, but they should let markets decide whether and to what extent exports happen, a Council on Foreign Relations researcher asserts in an upcoming paper. Exports will have drawbacks, but these can be mitigated and will be outweighed by benefits of export, council Senior Fellow Michael Levi told reporters Wednesday.

Regulators with the West Virginia Department of Environmental Protection (DEP) said permit applications for oil and natural gas drilling in the Marcellus Shale are taking about four months to process — about three months longer than they should take compared with past permitting.

These days with no end to decade-low gas prices in sight, Newfield Exploration Co. CEO Lee Boothby can’t wait to be in charge of an oil-weighted production company, and it’s going to happen soon, he said Wednesday. Newfield has put down the dry gas drillbit and is focusing intently on oil and liquids-rich plays.

Two separate decisions in the U.S. District Court for the Northern District of New York came down mostly on the side of shale play giant Chesapeake Energy Corp. in a year-old dispute over the extension of leases from landowners at below-market prices. Landowners in parts of four counties in New York state’s portion of the Marcellus Shale filed lawsuits against the Oklahoma-based shale operator.