A fire that burned for days at two Chevron Appalachia LLC shale gas wells in southwest Pennsylvania stopped on Saturday and specialists from Houston-based Wild Well Control are trying to determine if they can be salvaged for future production operations, a state official said.
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Americas’ Regional Output Altering World Energy Markets, EIA Says
The Americas have become a significant contributor to global energy markets, rivaling the Middle East in oil production and exceeding the former Soviet Union in natural gas production, and the trend is likely to remain positive, according to a recent report from the Energy Information Administration (EIA).
February 18, 2014
With Fire Out, Chevron Hopes to Salvage Damaged PA Wells for Future Production
A fire that burned for days at two Chevron Appalachia LLC shale gas wells in southwest Pennsylvania stopped on Saturday and specialists from Houston-based Wild Well Control are trying to determine if they can be salvaged for future production operations, a state official said.
February 18, 2014
TransCanada’s Nova Pipeline Ruptures
Canada’s National Energy Board (NEB) has dispatched its emergency response team to a site in Alberta where a small stretch of TransCanada Corp.’s Nova Gas transmission pipeline has ruptured.
February 18, 2014
Chesapeake’s Post-Production Costs Again Scrutinized in Pennsylvania
Post-production cost deductions taken from royalty checks by Chesapeake Energy Corp. again are being questioned by Pennsylvania officials, with the governor calling for an inquiry.
February 18, 2014
Eagle Ford Natural Gas Output a Force to Reckon With
The Eagle Ford Shale now rivals the nearby Haynesville Shale in natural gas output and could be decisive in shaping U.S. gas production trends into the future, according to Barclays Capital.
February 18, 2014
Raymond James Revises U.S. Rig Count Higher, Sees Horizontals Up by 11%
The U.S. oil and gas rig forecast should be 2.5% higher than it was in 2013, with the horizontal drillers up by 11%, analysts with Raymond James & Associates Inc. said Tuesday.
February 18, 2014
Industry Brief
Anadarko Petroleum Corp.agreed to sell its Chinese subsidiary to a unit of Brightoil Petroleum (Holdings) Ltd. for $1.075 billion worth of stock. The subsidiary being sold owns The Woodlands, TX-based producer’s interests in the Bohai Bay field. In 2013 Anadarko’s net sales volumes from Bohai Bay averaged 11,000 b/d of oil. CEO Al Walker said the sale demonstrated a commitment to “active portfolio management.” The sale should close by the end of 2014.
February 18, 2014
Stone Strikes Natural Gas in Deepwater GOM
Stone Energy Corp. said Tuesday it hit net natural gas pay in two deepwater Gulf of Mexico wells that suggest commercial discoveries.
February 18, 2014
Obama Calls for New U.S. Truck Fuel Standards
Taking his State of the Union (SOTU) message from last month on the road, President Obama visited a Safeway distribution center in Upper Marlboro, MD, where he called on the Environmental Protection Agency and the U.S. Department of Transportation to develop fuel-efficiency and greenhouse gas standards for trucks and other heavier vehicles by March 2016.
February 18, 2014
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