With Americans “feeling the squeeze of rising prices at the pump,” President Bush Monday issued an executive order removing the executive ban on oil and natural gas drilling in much of the federal Outer Continental Shelf (OCS).
Pump
Articles from Pump
Barnett Shale at Top of Quicksilver’s 2008 List
Fort Worth, TX-based Quicksilver Resources Inc. plans to pump up its natural gas-heavy production by 20% in 2008 by redirecting some of its spending in the Barnett Shale.
El Paso E&P Builds in Midcontinent with Peoples Energy Purchase
Houston-based El Paso Corp.’s exploration and production (E&P) subsidiary plans to pump up the volume in some of its key domestic tight gas plays with the $875 million cash purchase of Peoples Energy Production Co. The transaction, which was announced Friday, adds more than 600 proved and probable drilling locations in the ArkLaTex, Texas Gulf Coast, San Juan and Arkoma basins, and in Mississippi.
El Paso E&P Builds in Midcontinent with Peoples Energy Purchase
Houston-based El Paso Corp.’s exploration and production (E&P) subsidiary plans to pump up the volume in some of its key domestic tight gas plays with the $875 million cash purchase of Peoples Energy Production Co.
NGI The Weekly Gas Market Report
It’s an Embarrassment of Riches for Major Producers
Most consumers pick up a gas pump nozzle about once a week, but they never see a drillbit. That’s a problem if you’re an energy company holding a bag of money during a period of near-record natural gas, oil and gasoline prices.
Transportation Notes
El Paso took Belen Station’s #1 turbine down Tuesday to investigate a problem with the oil pump. The unit will remain down Wednesday. Previously scheduled work at Caprock Station will also occur Wednesday. The ongoing force majeure outage of Belen’s #2 unit will continue through Feb. 15, El Paso said. Capacity of the San Juan Crossover will be reduced by 35 MMcf/d from a base capacity of 650 MMcf/d Wednesday through Feb. 15.
Transportation Notes
Sendout capacity at the Trunkline LNG facility in Lake Charles, LA will be limited to 900,000 Dth/d during pump maintenance beginning Feb. 10. Peaking sendout is expected to return to 1 million Dth/d on Feb. 15.
Kerr-McGee’s ’05 Budget Targets Expanded Efforts in Rockies
Kerr-McGee Corp. will spend about 20% more in 2005 to pump up exploration efforts in the Rockies, the company said last week. Production is expected to rise 15-19% over this year, with oil and natural gas output ranging between 355,000-370,000 boe/d, weighted 55% to natural gas and 45% to liquids.
Kerr-McGee’s ’05 Budget Targets Expanded Efforts in Rockies
Kerr-McGee Corp. will spend about 20% more in 2005 to pump up exploration efforts in the Rockies, the company said Tuesday. Production is expected to rise 15-19% over this year, with oil and natural gas output ranging between 355,000-370,000 boe/d, weighted 55% to natural gas and 45% to liquids.
Kerr-McGee’s ’05 Budget Targets Expanded Efforts in Rockies
Kerr-McGee Corp. will spend about 20% more in 2005 to pump up exploration efforts in the Rockies, the company said Tuesday. Production is expected to rise 15-19% over this year, with oil and natural gas output ranging between 355,000-370,000 boe/d, weighted 55% to natural gas and 45% to liquids.