With a vow to focus on efficiency, Suncor Energy Inc. set 2022 performance targets of 5% production growth while cutting capital expenditures by 6%. The 2022 corporate budget aims for combined oil and natural gas output of 750,000-790,000 boe/d. Spending goes down by C$300 million ($240 million) to C$4.7 billion ($3.76 billion). “We enter 2022…
Articles from Operations
San Antonio,TX-based Abraxas Petroleum Corp. last week inked two asset sales worth about $7.9 million and suspended some drilling in the Permian Basin.
Sunoco Pipeline LP is fighting another emergency petition filed by seven Pennsylvania residents with the state Public Utility Commission (PUC) to stop operations on the entire Mariner East (ME) system.
The Oklahoma Corporation Commission (OCC) said Oklahoma City-based Roan Resources Inc. has voluntarily agreed to permanently end all hydraulic fracturing operations at a well in Grady County after the region was struck by a 3.4-magnitude earthquake on Sunday (Nov. 4). Following the quake, the OCC’s Oil and Gas Division had ordered Roan to halt fracturing operations at the Victory Slide well near Bridge Creek, OK.
Pennsylvania regulators have once again halted Mariner East (ME) 1 operations just weeks after a similar suspension was lifted, this time granting an emergency order that lays out a laundry list of requirements that Energy Transfer Partners LP subsidiary Sunoco Pipeline must meet before natural gas liquids (NGL) can resume moving on the system.
Emerge Energy Services LP said Monday it plans to expand a sand facility south of San Antonio, TX, to serve proppant needs of oil and gas customers in the Eagle Ford Shale and Permian Basin.
PG&E Corp., the holding company for the San Francisco-based combination utility, on Wednesday announced senior executive changes in anticipation of CEO Tony Earley’s retirement March 1. The company is downsizing its workforce, resulting in executive and staff layoffs.
Regulators and researchers in Oklahoma, anticipating a major increase in oil and gas drilling in the state’s stacked reservoirs, have jointly developed new seismicity guidelines intended to reduce the risk of earthquakes.
Encana Corp. is gaining more control over its capital spending in Colorado’s Piceance Basin after agreeing to sell a 49% stake in its southern operations to steelmaker and long-time partner Nucor Corp., a spokesman told NGI’s Shale Dailyon Tuesday.
Williams plans to simplify its organizational structure and consolidate the number of areas it operates — from five to three — by early 2017, the company said Wednesday. The move is intended to capitalize on growing demand for natural gas.