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GAO: Most Contaminants in Produced Water Occur Naturally

An estimated 56 million barrels of water are produced as a result of onshore oil and natural gas development everyday, and while the quality is poor, most of the contaminants occur naturally, according to a Government Accountability Office (GAO) report. Only some of the contaminants are added through drilling, hydraulic fracturing (fracking) and pumping oil and gas.

February 13, 2012

GAO: Most Produced Water Contaminants Occur Naturally

An estimated 56 million barrels of water are produced as a result of onshore oil and natural gas development every day, and while the quality is poor, most of the contaminants occur naturally in the produced water, according to a Government Accountability Office (GAO) report.

February 13, 2012

DOE Project Seeks to Maximize Bakken Shale Development

Exploration and field development in the largest continuous shale oil play in the Lower 48 states, the Bakken Shale in North Dakota and Montana, will be guided by new geo-models developed with funding from the Department of Energy’s Office of Fossil Energy (FE).

February 9, 2012

REX Rating Cut on Recontracting Risk

Standard & Poor’s Ratings Services (S&P) lowered its corporate credit and senior unsecured debt ratings on Rockies Express Pipeline LLC (REX) to “BB” from “BBB-” with a “stable” outlook and said the decision was based on compressed basis differentials leading to increased recontracting risk in the years ahead.

January 31, 2012

WPX to Move into S&P 500

WPX Energy Inc., the exploration arm of Williams, will move into the S&P 500 at the close of trading on Friday, according to Standard & Poor’s (S&P).

December 29, 2011

NGPL Credit Ratings Cut, Under Review

Standard & Poor’s Ratings Services (S&P) Thursday lowered its corporate rating and senior unsecured rating on Houston-based pipeline company NGPL PipeCo LLC to “BB-” from “BB+” and placed the ratings on CreditWatch with negative implication. S&P also lowered the rating on NGPL’s senior unsecured notes to “BB-” from “BB+” and placed the ratings on CreditWatch. The ratings downgrade impacts NGPL’s $3 billion of reported debt.

December 19, 2011

S&P Lowers NGPL Credit Rating; Moody’s Places Ratings under Review

Standard & Poor’s Ratings Services (S&P) Thursday lowered its corporate rating and senior unsecured rating on Houston-based pipeline company NGPL PipeCo LLC to ‘BB-‘ from ‘BB+’ and placed the ratings on CreditWatch with negative implication. S&P also lowered the rating on NGPL’s senior unsecured notes to ‘BB-‘ from ‘BB+’ and placed the ratings on CreditWatch. The ratings downgrade impacts NGPL’s $3 billion of reported debt.

December 19, 2011

NGLs Boost Midstream Cash Flows, Says S&P

Analysts at Standard & Poor’s Ratings Service (S&P) are asking themselves the same question that many in the energy industry are: “Will natural gas production ever come down?

December 12, 2011

NGLs Give Midstream Strong Cash Flows, Says S&P

Analysts at Standard & Poor’s Ratings Service (S&P) are asking themselves the same question that many in the energy industry are: “Will natural gas production ever come down?

December 12, 2011

S&P Bumps Up Ratings for Plains E&P

Expectations for improved results in California and in its shale plays, along with tightening of its finances, caused Standard & Poor’s Ratings Services (S&P) to increase its ratings and outlook on Houston-based midsize exploration and production (E&P) company, Plains Exploration & Production Co. (PXP), the rating agency announced earlier in November.

November 22, 2011