Triangle Petroleum Corp. recorded the first profitable quarter in its history, is on track to meet its oil production goal for the year and is excited about its new joint venture (JV) in the Bakken Shale, even as it keeps at the ready plans to drop a drilling rig should policymakers in Washington, DC, fail to reach a compromise over the fiscal cliff.
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North Dakota Production Soars; Oil Prices Climb
North Dakota again set new all-time highs for oil and natural gas production, drilling permits issued and producing wells in August, according to the latest report from state Department of Mineral Resources (DMR) Director Lynn Helms. The average price for sweet crude was up, too.
In Final Tests, EPA Says Dimock, PA, Water Safe
The U.S. Environmental Protection Agency (EPA) said last week a fourth and final round of testing indicates that water from 12 private wells in Dimock Township, PA is safe to drink, and it found no evidence of contamination from natural gas drilling.
EPA: Dimock Water Tests Safe For Fourth and Final Time
The U.S. Environmental Protection Agency (EPA) announced Friday that a fourth and final round of testing indicates that water from 12 private wells in Dimock Township, PA is safe to drink, and found no evidence of contamination from natural gas drilling.
Report: Indonesia May Divert Up to 90% of Sempra LNG Cargoes
A reworked 20-year liquefied natural gas (LNG) shipment contract between Sempra Energy’s LNG business and a unit of BP plc indicates that more than 90% of the cargoes may be diverted by the Indonesian supplier, according to reports.
North Dakota Oil Production Surpasses California’s
Preliminary data released indicates that North Dakota oil and gas production continued to soar in January and the state now ranks third nationally in average daily oil production, surpassing California and following only Texas and Alaska. With the Bakken formation, North Dakota continues to ride the shale boom.
Industry Brief
A report soon to be filed with the Pennsylvania Department of Environmental Protection (DEP) by Cabot Oil and Gas Corp. indicates that none of the allegations made against the company by a whistle blower “are resulting in any impact to health or human safety,” Cabot spokesman George Stark told NGI’s Shale Daily. Scott Ely, a former employee of Cabot subsidiary GasSearch Drilling Services (GDS), has alleged that the company failed to report drilling wastewater spills and other mishaps in Susquehanna County, PA, during his two years at GDS. The report, which is in the hands of Cabot’s attorneys, will probably be handed over to DEP by the end of the month, Stark said. Ely was one of the 20 plaintiffs in a complaint against Cabot and the DEP which was settled when an Environmental Hearing Board judge on Wednesday refused to force the company to continue water deliveries in Dimock Township, PA (see Shale Daily, Dec. 2).
Energy Industry: Strategies in Place for Cyber Attacks
A survey conducted by the consulting firm PwC indicates that oil and gas industry executives are confident that their companies’ information security practices will provide protection from cyber attacks, despite poor intelligence of how and when future attacks could be mounted.
Survey: Execs Confident Companies Are Safe From Cyber Attack
A survey conducted by the consulting firm PwC indicates that oil and gas industry executives are confident that their companies’ information security practices will provide protection from cyber attacks, despite poor intelligence of how and when future attacks could be mounted.
Sempra CEO: Pipes Safe, Growth Coming
An internal analysis indicates that Sempra Energy’s California utility natural gas pipeline system is safe, and its strategic assessments indicate there is plenty of room for growth within utility operations, Sempra Energy’s new CEO told financial analysts on a conference call last Tuesday.