North

Crude-by-Rail Here to Stay, IHS Energy Report Says

Crude oil shipments by railroads are expected to peak at about 1.5 million b/d in 2015-2016 and remain an important part of the transportation options for years to come, according to a report by IHS Energy, “Crude by Rail: The New Logistics of Tight Oil and Oil Sands Growth.”

December 16, 2014
Halliburton Readying For North American E&P Capex Cuts

Halliburton Readying For North American E&P Capex Cuts

Halliburton Co. isn’t reporting much impact to its North American business from plunging oil prices yet, but adjustments are likely to occur through 2015 as operators recalibrate, CFO Mark McCollum said Wednesday.

December 11, 2014

North America NatGas Production to Reach Nearly 140 Bcf/d by 2040, Says ExxonMobil

North America’s natural gas production is projected to grow by about 75% from 2010 to 2040 to around 140 Bcf/d, as unconventional output nearly triples, ExxonMobil Corp. said Tuesday. Within five years, North America should surpass the Russia/Caspian region as the largest gas-producing region in the world.

December 9, 2014
Separating Liquids From Bakken Crude Gets More Attention

Separating Liquids From Bakken Crude Gets More Attention

A coalition pushing for separating all liquids from Bakken crude oil supplies is taking its case to lawmakers, firefighters and emergency managers in North Dakota, pushing the process known as “stabilization,” or stripping of natural gas liquids (NGL).

November 21, 2014

Apache’s North American Business Now ‘Capable of Standing on Its Own’

Apache Corp.’s North American exploration and production (E&P) business is able to stand on its own today, separate from its international operations, something that might not have been possible a year ago, CEO Steve Farris said Thursday.

November 7, 2014

Five-Year Outlook: North Dakota Oil Production to Grow Steadily

On average, North Dakota oil production, which surged past the 1 million b/d mark earlier this year, will continue to grow steadily at a rate of about 18,000 b/d each month through 2019, according to a study completed in September for the state legislature.

October 24, 2014
Volatile Commodity Prices May Impact 2015 Onshore Spending Growth, Says Schlumberger CEO

Volatile Commodity Prices May Impact 2015 Onshore Spending Growth, Says Schlumberger CEO

Whether domestic exploration and production companies will slow 2015 capital expenditures if cash flows slow on low commodity prices is too early to say, but any concerns by operators likely will impact spending growth rates, Schlumberger Ltd. CEO Paal Kibsgaard said Friday.

October 17, 2014

North America Onshore Geological Risk Lower Than Ever, Says Baker CEO

No matter how volatile the global political scenario becomes for oil and gas markets, North America will remain in a more solid position because the unconventionals have provided operators with predictability that can’t be found anywhere else in the world, Baker Hughes Inc.’s CEO said Thursday.

October 16, 2014
Anti-Flaring Sentiment Strong in the West, Poll Shows

Anti-Flaring Sentiment Strong in the West, Poll Shows

A strong majority of potential voters in four western states support government mandates for oil/natural gas operators to greatly cut amounts of flared wellhead associated gas, according to a recent survey completed for the nonprofit Western Values Project (WVP).

October 14, 2014

Seismic Operators Dawson, TGC Propose Merger to Expand North American Reach

Seismic operators Dawson Geophysical Co. and TGC Industries Inc. are shaking up the market after attempting once again a strategic combination to expand their onshore reach in North America.

October 9, 2014
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