Monthly

State and national initiatives (see Shale Daily, March 13) to significantly cut flaring of associated gas in North Dakota’s Bakken Shale fields will result in some short-term cutbacks in the state’s record production growth, the state’s chief oil/natural gas regulator said Thursday.

Prolific oil production from U.S. shales is weighing on the need for imports, OPEC acknowledged in its latest Monthly Oil Market Report (MOMR), and analysts at Barclays predicted that the Organization of the Petroleum Exporting Countries will see its influence over market balances decline over the next few years.

Prolific oil production from U.S. shales is weighing on the need for imports, OPEC acknowledged in its latest Monthly Oil Market Report (MOMR), and analysts at Barclays predicted that the Organization of the Petroleum Exporting Countries will see its influence over market balances decline over the next few years.

A landowner coalition, the Powder River Basin Resource Council, has petitioned Wyoming energy officials to revise rules pertaining to oil and natural gas development.

The Center for the New Energy Economy (CNEE) at Colorado State University announced that it has created a new online database of energy-related state legislation pending in all 50 states, “from solar to natural gas and everything in between.”

U.S. natural gas production was 2.56 Tcf in December and totaled 29.77 Tcf in 2012, the seventh consecutive year-over-year increase, according to the U.S. Energy Information Administration’s (EIA) Monthly Energy Review for March.

U.S. natural gas production was 2.56 Tcf in December and totaled 29.77 Tcf in 2012, the seventh consecutive year-over-year increase, according to the U.S. Energy Information Administration’s (EIA) Monthly Energy Review for March.

Overall oil production in Texas declined somewhat in January from December, according to preliminary January production figures from the Railroad Commission of Texas (RRC). But the Eagle Ford Shale kept on pumping, with leading Eagle Ford counties charting substantial oil production increases from year-ago levels.

With just minuscule movement downward in the amount of associated natural gas being flared, North Dakota’s top oil and gas official in his latest monthly report said that the state and industry are stuck at about a 28.5-29% level of flared associated gas.