Johnson

Oil Price Recovery Not Likely Until 2022; Recent Pullbacks ‘Just the Beginning,’ Says Enverus

Oil Price Recovery Not Likely Until 2022; Recent Pullbacks ‘Just the Beginning,’ Says Enverus

Despite a wave of announcements by oil and gas producers to cut spending and activity in the wake of collapsing oil prices, Enverus expects to see a more significant pullback this summer as the market comes to the realization that a recovery will not come quickly.

March 13, 2020

NOV Expects to Miss 1Q Revenue Expectations, Cites Late ’18 Oil Price Collapse

Citing impacts from low oil prices in late 2018, National Oilwell Varco Inc. (NOV), one of the largest oilfield services operators in the U.S. onshore, said it expects 1Q2019 revenues to come in lower than expected.

April 12, 2019
Analyst Says $4-Plus NatGas Possible by 2017; Rigs, DUCs No Match For Demand

Analyst Says $4-Plus NatGas Possible by 2017; Rigs, DUCs No Match For Demand

The prolonged decline in the nation’s oil and natural gas rig count, falling production and a dwindling inventory of drilled but uncompleted (DUC) wells, paired with the long-awaited increase in gas demand from nearly every corner of the market, could signal a recovery in commodity prices sooner rather than later.

June 23, 2016
Arizona Amends Gas Pipeline Rules, Considers More Capacity

Arizona Amends Gas Pipeline Rules, Considers More Capacity

Arizona regulators recently agreed to amend the state’s pipeline safety rules to align them with the latest federal standards.

April 21, 2015

Offshore Driller Noble Retires Three Semi-Submersibles, Cuts 2015 Capex

Executives with the worldwide offshore driller Noble Corp. plc said they began to see warning signs for the industry in the fourth quarter and believe the environment for drilling contracts will remain tough for the foreseeable future — at least until oil prices stabilize.

February 6, 2015

Anadarko, Samson Slapped for Flaring Violations in Wyoming

The Wyoming Oil and Gas Conservation Commission (OGCC) has assessed $1,000 fines against two producers, units of Anadarko Petroleum Corp. and Samson Resources Co., for flaring prohibited amounts of associated natural gas at the wellhead beyond an agreed-to deadline.

August 15, 2013

Eagle Ford, Permian Counties Lifted Texas Production in April

According to the Railroad Commission of Texas (RRC), the state’s preliminary April crude oil production averaged 1.6 million b/d, up from nearly 1.2 million b/d in April 2012. The preliminary production figure for April is 48.2 million bbl, up from 35.9 million bbl in April 2012.

July 1, 2013

Correction

In the article “Bison Pipeline is Back and Eyeing Growth” (see NGI, Oct. 17), NGI misquoted Todd Johnson, TransCanada’s marketing director for U.S. Pipelines West, in his remarks regarding the company’s restart of the Bison natural gas pipeline following a rupture in July. For the record, TransCanada provided the following statement: “TransCanada worked closely with the Pipeline Hazardous Materials and Safety Administration (PHMSA) in the aftermath of the incident to identify what actions would need to be taken in order to safely return the pipeline to service at its approved maximum allowable operating pressure. Among other things, TransCanada conducted an inline inspection of the entire length of the pipe and provided the data and analysis to PHMSA. PHMSA worked diligently with the TransCanada team and the information provided and concluded that as of noon Saturday, October 8, Bison could safely lift its force majeure condition and return to full service at its original maximum allowable operating pressure.” NGI regrets the error.

October 24, 2011

Correction

In the article “Bison Pipeline is Back and Eyeing Growth” (see Daily GPI, Oct. 17), NGI misquoted Todd Johnson, TransCanada’s marketing director for U.S. Pipelines West, in his remarks regarding the company’s restart of the Bison natural gas pipeline following a rupture in July. For the record, TransCanada provided the following statement: “TransCanada worked closely with the Pipeline Hazardous Materials and Safety Administration (PHMSA) in the aftermath of the incident to identify what actions would need to be taken in order to safely return the pipeline to service at its approved maximum allowable operating pressure. Among other things, TransCanada conducted an inline inspection of the entire length of the pipe and provided the data and analysis to PHMSA. PHMSA worked diligently with the TransCanada team and the information provided and concluded that as of noon Saturday, October 8, Bison could safely lift its force majeure condition and return to full service at its original maximum allowable operating pressure.” NGI regrets the error.

October 20, 2011

EOG Executive: Let’s do the Barnett Again

What do you do when the Fort Worth Barnett Shale is your company’s largest play with estimated reserve potential of 1.9-2.5 Tcfe net in Johnson County alone? Why, you expand your acreage position to the south and west, picking up acreage in Hill County to the south and Palo Pinto County to the West and growing potential reserves to 4.5-6.7 Tcfe net.

March 19, 2007
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