Months

North American Drilling Outlook ‘Unclear’

North American oilfield services activity in the first three months of this year has been less promising than expected, according to Schlumberger Ltd. CEO Paal Kibsgaard.

March 25, 2013

Hedge Fund Forces Power Shift at SandRidge

After months of haggling, hedge fund TPG-Axon Capital, which owns 7.3% of outstanding SandRidge Energy Inc. shares, has gained at least a portion of the changes it had urged at the Oklahoma City-based company, and it stands poised to remove CEO Tom Ward or take control of the board of directors.

March 25, 2013
Customers Adding Fewer Rigs Than Expected, Says Schlumberger CEO

Customers Adding Fewer Rigs Than Expected, Says Schlumberger CEO

North American oilfield services activity in the first three months of this year has been less promising than expected, according to Schlumberger Ltd. CEO Paal Kibsgaard.

March 25, 2013
Hedge Fund Forces Power Shift at SandRidge

Hedge Fund Forces Power Shift at SandRidge

After months of haggling, hedge fund TPG-Axon Capital, which owns 7.3% of outstanding SandRidge Energy Inc. shares, has gained at least a portion of the changes it had urged at the Oklahoma City-based company, and it stands poised to remove CEO Tom Ward or take control of the board of directors.

March 22, 2013

BNSF Sees More Crude Traffic, Readies Test of NatGas Locomotives

Crude oil shipments on all U.S. railroads could hit 700,000 b/d by the end of this year, up 40% from current levels, and top 1 million b/d in 18 months, said BNSF Railway Co. CEO Matthew Rose.

March 8, 2013

Pipe Safety Violation Fines Skyrocket in West Virginia Bill

Coming two months after the explosion on the Columbia Gas Transmission system in West Virginia, the state’s House of Delegates Thursday voted out and sent to the Senate legislation that would raise the penalty per violation from $1,000 per day to $200,000 per day for pipeline safety violations.

March 4, 2013

Pipe Safety Violation Fines Skyrocket in West Virginia Bill

Coming two months after the explosion on the Columbia Gas Transmission system in West Virginia, the state’s House of Delegates Thursday voted out and sent to the Senate legislation that would raise the penalty per violation from $1,000 per day to $200,000 per day for pipeline safety violations.

March 4, 2013

Gulfport Acquires More Acreage, Working Interest in Utica

For the third time in less than three months, Gulfport Energy Corp. and Windsor Ohio LLC, an affiliate of Wexford Capital LP, have agreed to make a transaction in the Utica Shale, this time for net acreage and a higher working interest (WI).

February 12, 2013

Colorado County (Again) Extends Permit Moratorium

The Boulder County, CO, commission on Tuesday formally extended a moratorium on new oil and natural gas drilling permits to June 10. However, the commission left the door open to lifting the ban earlier if the county’s new drilling rules are in place.

February 7, 2013
NuStar Crude Throughput Up on ‘Luck’ and Eagle Ford

NuStar Crude Throughput Up on ‘Luck’ and Eagle Ford

Infrastructure projects, acquisitions and contracting activity — particularly in the Eagle Ford Shale of South Texas — served to lift crude oil pipeline throughputs for NuStar GP Holdings LLC last year. Some of NuStar’s South Texas pipeline assets had been underutilized.

February 5, 2013