Petroleum

Colorado Supreme Court Rules for Oil, Gas Regulators in Public Health Lawsuit

The Colorado Supreme Court on Monday ruled in favor of state regulators about how much weight needed to be given to public health and environmental concerns.

January 14, 2019
Qatar Expanding More Natural Gas Reserves to ‘Strengthen’ LNG Export Position

Qatar Expanding More Natural Gas Reserves to ‘Strengthen’ LNG Export Position

State-owned Qatar Petroleum (QP), the No. 1 liquefied natural gas (LNG) supplier in the world, plans to develop additional gas reserves in the country’s North Field to increase liquefaction capacity by 43%.

September 28, 2018

Impact on Oil, Gas Operations Minimal So Far from Western Wildfires

Even though the traditional wildfire season has yet to begin, the Western Governors’ Association (WGA) was keeping a wary eye on fires that have already collectively scorched more than two million acres in California, Colorado and Utah, though with minimal impact so far on oil and natural gas operations.

July 9, 2018
Drilling Advancements Help Double Colorado Natural Gas Production, Boost Economy

Drilling Advancements Help Double Colorado Natural Gas Production, Boost Economy

Driven by oilfield technology advances, Colorado has doubled its natural gas production since 2001, boosting the state’s economy in the process, according to a report by the Colorado Petroleum Council, a division of the American Petroleum Institute (API).

June 13, 2018

Midstates’ Anadarko Basin Assets Sold to Morgan Stanley Energy, Presidio

Investment funds managed by Morgan Stanley Energy Partners (MSEP) and Presidio Investment Holdings LLC are partnering to acquire Anadarko Basin oil and natural gas assets in Texas and Oklahoma from Midstates Petroleum Co. Inc.

June 1, 2018
Ultra CEO Stepping Down in Management Overhaul

Ultra CEO Stepping Down in Management Overhaul

Houston-based Ultra Petroleum Corp. on Tuesday claimed more strong results from its natural gas-rich prospects in the Pinedale Anticline, while also divulging that chief Mike Watford will retire in February as part of a sweeping management overhaul.

January 30, 2018

People — Holly Named Whiting CEO

Whiting Petroleum Corp.has named Brad Holly, 46, president and CEO effective Nov. 1. Holly until earlier in October was Anadarko Petroleum Corp.’s executive vice president, U.S. onshore exploration and production. The appointment coincides with the planned retirement of James J. Volker, 70, who joined Whiting in 1983 and has been president/CEO since 2002. Since taking the helm Volker has established Denver-based Whiting as a top operator in the Bakken Shale and Niobrara formations; the company produced more than 112,000 boe/din 2Q2017. Volker will assume the role of executive chairman until the end of the year and then become non-executive chairman until the 2018 annual meetings, at which time Holly is to become chairman. Holly began his career in 1994 with Amoco and joined Anadarko in 1997 as a reservoir engineer. He holds a bachelor of science in petroleum engineering from Texas Tech University and is a graduate of the Harvard Business School Advanced Management Program.

October 25, 2017

Briefs — Oxy Mini-Tender

Whiting Petroleum Corp.has named Brad Holly, 46, president and CEO effective Nov. 1. Holly until earlier in October was Anadarko Petroleum Corp.’s executive vice president, U.S. onshore exploration and production. The appointment coincides with the planned retirement of James J. Volker, 70, who joined Whiting in 1983 and has been president/CEO since 2002. Since taking the helm Volker has established Denver-based Whiting as a top operator in the Bakken Shale and Niobrara formations; the company produced more than 112,000 boe/din 2Q2017. Volker will assume the role of executive chairman until the end of the year and then become non-executive chairman until the 2018 annual meetings, at which time Holly is to become chairman. Holly began his career in 1994 with Amoco and joined Anadarko in 1997 as a reservoir engineer. He holds a bachelor of science in petroleum engineering from Texas Tech University and is a graduate of the Harvard Business School Advanced Management Program.

October 20, 2017

U.S. Still Rules in Global Natural Gas, Oil Production, Says EIA

The United States in 2016 remained the world’s top natural gas and petroleum hydrocarbon producer for the fifth year in a row, even with declines relative to2015 levels, the Energy Information Administration (EIA) said Wednesday.

June 7, 2017
BHP’s U.S. Petroleum Business Should Still Go, Activist Says

BHP’s U.S. Petroleum Business Should Still Go, Activist Says

BHP Billiton Ltd. concedes that its investment in U.S. shale plays was poorly timed but wants to make a go of it with cost-cutting and increased efficiencies. Meanwhile, an activist investor targeting the Australian mining conglomerate for reform would still like to see the U.S. petroleum business jettisoned.

May 16, 2017