Operations

Warren Resources Succumbs to Downturn, Files For Bankruptcy

After months of trying to reach an out-of-court agreement with its creditors and bondholders, Warren Resources Inc. became one of the latest oil and natural gas producers to succumb to the commodities downturn, filing voluntary petitions for Chapter 11 bankruptcy protection on Thursday.

June 3, 2016

Fort Worth’s Energy & Exploration Partners Seeks Chapter 11 Protection

Energy & Exploration Partners Inc. (ENXP), whose operations are centered in East Texas and Wyoming, late Monday filed for Chapter 11 bankruptcy protection to give it flexibility to continue operations. The petition listed debt of $1-10 billion and assets of $500 million to $1 billion.

December 8, 2015

Oklahoma Hit By Another Large Quake, Plans to Shut Down More Disposal Wells

Regulators with the Oklahoma Corporation Commission (OCC) are preparing to order another round of wastewater disposal wells to halt or curtail their operations, after a 4.7-magnitude earthquake — the second of such magnitude in less than two weeks and tied for third-strongest in state history — struck north-central Oklahoma on Monday.

December 2, 2015

National Park Service Proposes Tightening Oil/Gas Regulations

The National Park Service (NPS) is proposing an end to regulatory provisions that exempt about 60% of oil and natural gas operations on national park land from oversight by the agency.

October 27, 2015

Sabine Oil & Gas Files For Chapter 11; Operations Continuing, CEO Says

Struggling with heavy debt and deflated oil/gas prices, Houston-based Sabine Oil & Gas Corp. has filed for Chapter 11 bankruptcy protection in New York.

July 15, 2015

Sabine Oil & Gas Files For Chapter 11; Operations Continuing, CEO Says

Struggling with heavy debt and deflated oil/gas prices, Houston-based Sabine Oil & Gas Corp. has filed for Chapter 11 bankruptcy protection in New York.

July 15, 2015

Early Test of Act 13 Finds Pennsylvania Residents Winning Drilling Challenge

In an early test of last year’s Pennsylvania Supreme Court ruling that struck down parts of Act 13, a common pleas court judge has thrown out a conditional use permit issued by a township in Lycoming County that would have allowed drilling operations in a residential area.

September 4, 2014

Occidental Files with SEC for California Spin-Off

Occidental Petroleum Corp. (Oxy) on Thursday began the federal regulatory process to spin off its California operations into an independent oil/natural gas exploration and production (E&P) company before the end of this year.

June 6, 2014

PG&E Gets International Pipe Certifications Amid Continuing Woes

Amid a continuing dark cloud of legal and regulatory accusations of wrongdoing in its natural gas operations, San Francisco-based Pacific Gas and Electric Co. (PG&E) on Tuesday celebrated what it touted as an unprecedented amount of technical recognition for a U.S. natural gas utility.

May 27, 2014

Schlumberger Sees Big Appetite for New Drilling Tech

Schlumberger Ltd.’s CEO said Thursday increased efficiencies are now the focus of onshore operators, hungry for technologies that reduce costs and improve production.

April 17, 2014