In some cases operators just aren’t drilling and in others they are leaving the state for greener pastures as 2012 continued to be another year for declining natural gas production in Northwest New Mexico’s San Juan Basin, according to the latest state statistics that showed the region produced 780 Bcf last year.
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Report: Cuomo Had Considered Limited Fracking in NY
New York Gov. Andrew Cuomo was reportedly considering a plan to allow 10 to 40 horizontal test wells on a trial basis in the state’s Southern Tier, but changed his mind after discussing high-volume hydraulic fracturing (HVHF) with Robert F. Kennedy Jr., his former brother-in-law and an avid environmentalist.
Carrizo 4Q: Oilier Is Better
The fourth quarter was Carrizo Oil & Gas Inc.’s ninth consecutive quarter of revenue growth and one during which it charted record oil production and oil revenue, affirming the wisdom of management’s decision to transform Carrizo into an oil company, CEO Chip Johnson said.
Attorneys: Draft California Frack Rules Protect Trade Secrets
While other stakeholders have been critical of California’s preliminary draft hydraulic fracturing (fracking) rules, two energy attorneys with the firm of K&L Gates consider the rules’ proposed protections for trade secrets to be adequate for shielding exploration and production (E&P) operators’ proprietary information tied to fracking.
FERC Staff Backs Record Fine for Alleged Market Manipulation
Barclays Bank plc and a quartet of its traders manipulated the electricity markets in and around California for a two-year period beginning in 2006 and should be assessed an “unprecedented” penalty under the Federal Power Act, according to a filing by FERC staff.
Offshore Reinvestment Coming at Opportune Time
Following a turbulent period in the Gulf of Mexico after the Macondo well blowout in April 2010, offshore drilling companies have rebounded and are outperforming the top land service providers, according to IHS Inc.
Offshore Drillers’ Reinvestment Coming at Opportune Time
Following a turbulent period in the Gulf of Mexico after the Macondo well blowout in April 2010, offshore drilling companies have rebounded and are outperforming the top land service providers, according to IHS Inc.
RRC: Texas Grew Oil Production in November
Texas crude oil production during November was up from a year ago while natural gas production declined; during December, oil well completions were up while gas well completions declined, and the number of drilling permits issued was down from a year ago, according to the latest figures from Railroad Commission of Texas (RRC).
FERC Staff Backs Record Penalty for Alleged Market Manipulation
Barclays Bank plc and a quartet of its traders manipulated the electricity markets in and around California for a two-year period beginning in 2006 and should be assessed an “unprecedented” penalty under the Federal Power Act, according to a filing by FERC staff.
Chesapeake Clinches 10-Year Supply Agreement with Methanex
Chesapeake Energy Corp. has agreed to supply all of the natural gas supplies over a 10-year period required for Methanex Corp.’s 1 million metric ton/year methanol plant, set to begin operations in late 2014 in Geismar, LA.