Owned

Five Injured in West Virginia Gas Well Explosion

Five people were injured after a Marcellus Shale gas well owned by Antero Resources exploded in Doddridge County, WV, on Sunday morning.

July 9, 2013

Ohio Accepted More Wastewater in 2012, But Now On Decline

Injection wells in Ohio handled more wastewater from oil and gas drilling in 2012, especially from out-of-state sources in the Marcellus and Utica shales, but they are on pace to handle less of the material in 2013.

July 3, 2013

Ohio Oil & Gas Commission Upholds Shutdown of D&L Injection Wells

A decision by the Ohio Department of Natural Resources (ODNR) that D&L Energy Inc. cannot keep its injection well permits and must properly dispose stored material has been upheld by the Ohio Oil and Gas Commission.

June 28, 2013

Black Hills Goes After 20,000 Mancos Acres

Rapid City, SD-based Black Hills Corp. will sell its 40 MW natural gas-fired “CT II” generation unit at its mostly coal-fired Gillette Energy Complex in Wyoming to the City of Gillette for $22 million.

May 14, 2013
California Report: ‘Scientific Uncertainty’ on Fracking’s Water Impact

California Report: ‘Scientific Uncertainty’ on Fracking’s Water Impact

There is still too much “scientific uncertainty” surrounding hydraulic fracturing’s (fracking) impact on water supply, and because of this regulators and operators need to be more transparent and accountable, according to a University of California, Berkeley, report that was released last Thursday.

April 16, 2013

Big Paydays for Big Energy CEOs

Nearly a dozen CEOs of large U.S.-based publicly owned oil and gas companies earned some of the biggest compensation packages in the country last year, according to preliminary data compiled by Equilar, an executive compensation data firm.

April 15, 2013

Big Paydays for Big Energy CEOs

Nearly a dozen CEOs of large U.S.-based publicly owned oil and gas companies earned some of the biggest compensation packages in the country last year, according to preliminary data compiled by Equilar, an executive compensation data firm.

April 15, 2013

Industry Brief

Just one month after Russia’s state-owned OAO Rosneft claimed a stake in 20 deepwater Gulf of Mexico (GOM) exploration blocks held by ExxonMobil Corp., the partners said they plan to spend as much as $15 billion to build a liquefied natural gas (LNG) export facility on Russia’s Pacific Coast that would ship fuel to Asia-Pacific markets. A final investment decision is set for June, and if it’s approved, the plant could begin exporting LNG by 2018, according to Rosneft, which is the world’s largest listed oil producer (see Daily GPI, March 22). Rosneft and ExxonMobil in 2011 struck a cooperation agreement to swap access in Russia’s Arctic offshore and other areas; Rosneft gained access to U.S. and Canadian plays in the onshore and GOM (see Daily GPI, Aug. 31, 2011). Rosneft acquired a 30% interest in the 20 deepwater GOM blocks last month (see Daily GPI, March 13). The partners expanded the strategic agreement in February, which gave Rosneft the option to take a stake in the Point Thomson, AK, gas project (see Daily GPI, Feb. 14). At that time, they signed a memorandum of understanding to study the economic viability of a LNG development in the Russian Far East.

April 12, 2013

Industry Briefs

Mexico state-owned oil monopoly Petroleos Mexicanos (Pemex) has signed a five-year agreement with ExxonMobil Corp. to share technical and scientific information. The agreement renews a previous collaboration agreement between the two companies, said officials. Mexico President Enrique Pena Nieto, who took office in December, recently told reporters that Pemex wouldn’t be sold or privatized, but it would be modernized. Pemex, Mexico’s largest company, provides nearly all of its profits to the federal government. Natural gas production in Mexico has risen slightly from a year ago, but it has fallen over the past four years, according to Pemex. In February, gas output was 6.475 Bcf/d, compared with 6.430 Bcf/d a year ago. However, 2012 gas output averaged an estimated 6.385 Bcf/d, versus 6.594 Bcf/d in 2011 and 7.020 Bcf/d in 2010. Mexico also is a net crude oil exporter, but production fell to less than 3 million bbl in 2011 from almost 4 million bbl in 2003-2004.

April 5, 2013

Rosneft Takes Stakes in ExxonMobil’s GOM Properties

A subsidiary of Russian state-owned OAO Rosneft has acquired a 30% interest in 20 deepwater Gulf of Mexico (GOM) exploration blocks held by ExxonMobil Corp.

March 11, 2013
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