Published

BP plc’s annual benchmark review of world energy published last week sees continued growth in global natural gas resources, particularly in the United States, while oil worldwide lost market share for the 13th year in a row.

In a story published May 3, “San Bruno Settlement Talks Break Down, PG&E CEO Says” (see Daily GPI, May 3), the fifth paragraph was incorrect. That paragraph should read: CFO Kent Harvey said PG&E would “continue to expect to need roughly $1-1.2 billion of equity for the year, excluding any fines or penalties beyond the $200 million we’ve already accrued. Of that, we issued about $430 million in 1Q2013.” NGI regrets the error.

The Ohio Oil and Gas Association (OOGA) reported at its annual winter meeting that in 2012 more wells were permitted and completed, and the state saw a substantial increase in the amount of footage drilled.

Development of oil and natural gas in the Eagle Ford Shale added more than $61 billion in total economic impact during 2012, according to a study by the Center for Community and Business Research in The University of Texas at San Antonio (UTSA) Institute for Economic Development.

Salaries in the oil and gas industry are trending higher in part because of a shortage of skilled labor and knowledgeable executives, according to a report published last week.

Salaries in the oil and gas industry are trending higher in part because of a shortage of skilled labor and knowledgeable executives, according to a report published Monday.

In the first paragraph of a story published Feb. 26, “EIA: Gas Production Increase Continued Through November” (see Daily GPI, Feb. 26), the trend of natural gas production in the United States last year was incorrectly stated. The first paragraph should read: Production continued its steady increase through November, totaling 27.22 Tcf for the first 11 months of 2012, compared with 25.94 Tcf during the same period in 2011 and 24.42 Tcf in 2010, according to the U.S. Energy Information Administration’s Monthly Energy Review for February. NGI regrets the error.

Det Norske Veritas (DNV), a Norwegian-based risk management foundation, has published recommended practices (RP) to guide operators that extract shale natural gas.

A proposed Wyoming Senate bill (Senate File 157) that would require baseline groundwater testing by oil and natural gas operators before drilling begins has stirred up controversy, with industry officials questioning whether the law is needed.