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Oil

BLM’s Long Contested Roan Plateau Plan Retains Options for Oil, NatGas Development

The U.S. Bureau of Land Management (BLM) in Colorado on Tuesday released the final supplemental environmental impact statement (SEIS) and proposed plan for the long-controversial Roan Plateau in Western Colorado that is highly coveted by producers and naturalists alike.

June 29, 2016
Drop in Oil Prices Cripples OPEC’s Net Oil Export Revenues, EIA Finds

Drop in Oil Prices Cripples OPEC’s Net Oil Export Revenues, EIA Finds

The collapse in crude oil prices has decimated net oil export revenues for the Organization of the Petroleum Exporting Countries (OPEC) over the last three years, and the decline is expected to continue into 2016, according to the U.S. Energy Information Administration (EIA).

June 15, 2016

Yergin Sees Beginnings of Oil Market Recovery

The global oil and natural gas industry is beginning its long-awaited recovery, but crude oil prices likely will remain in the “$50 orbit” during the third quarter, energy expert Daniel Yergin said Monday.

June 8, 2016
U.S. NatGas, Oil Resources Lead ‘Age of Plenty,’ Says BP

U.S. NatGas, Oil Resources Lead ‘Age of Plenty,’ Says BP

World natural gas production grew last year but across every region — led by North America — prices slumped, with Henry Hub at its lowest level since 1999, as the continued surge in output swamped anemic demand, BP plc said Wednesday.

June 8, 2016
Plethora of Productive Oil Wells in U.S. Onshore, Says Goldman

Plethora of Productive Oil Wells in U.S. Onshore, Says Goldman

Productivity gains made in U.S. unconventional oilfields were solid last year and now are melding into more quality driven gains, improved by optimizing targets and increasing fractures, Goldman Sachs & Co. said Wednesday.

April 13, 2016
Plethora of Productive Oil Wells in U.S. Onshore, Says Goldman

Plethora of Productive Oil Wells in U.S. Onshore, Says Goldman

Productivity gains made in U.S. unconventional oilfields were solid last year and now are melding into more quality driven gains, improved by optimizing targets and increasing fractures, Goldman Sachs & Co. said Wednesday.

April 13, 2016

Iowa Regulators Deny Request to Expedite Bakken Oil Pipeline

In the wake of their conditioned approval earlier this month, Iowa regulators refused to be rushed, and denied a request from Energy Transfer Partners’ (ETP) Dakota Access Pipeline to expedite approval of a permit to begin construction of a crude oil interstate pipeline that is primed to break ground in three other states.

March 28, 2016
Higher Oil Prices Coming at Opportune Time For Spring Redetermination Season

Higher Oil Prices Coming at Opportune Time For Spring Redetermination Season

Oil prices began to move higher in the last few days on an announcement that producers from in and outside the Organization of the Petroleum Exporting Countries (OPEC) will hold talks in mid-April to consider freezing output — news that may be favorable as U.S. operators meet with their lenders to redetermine their borrowing abilities.

March 18, 2016

Rex Energy’s Oil and NatGas Output Declines in 4Q; No Update on Financial Initiatives

Rex Energy Corp. detailed a difficult fourth quarter late Tuesday in its year-end financial results, offering little information about financial initiatives to generate more liquidity and postponing the usual conference call.

March 16, 2016
West Virginia NatGas Output Shows Dramatic Gain to 1 Tcf in 2014; More on the Way

West Virginia NatGas Output Shows Dramatic Gain to 1 Tcf in 2014; More on the Way

Liquids and natural gas production in West Virginia took a major leap forward in 2014, the latest year for which data is available, with the Marcellus Shale driving gas volumes to more than 1 Tcf for the first time in the state.

March 9, 2016