Rosetta Resources Inc. said it achieved double-digit growth in production and proved reserves while it “significantly reduced” well costs during 2012. The company said it replaced 472% of production from all sources at a reserve replacement cost of $10.03/boe.
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A portion of excess funds from a recent Colorado state revenue forecast should be spent to study the impact of oil and gas exploration and development on air quality, according to the Governor’s Office of State Planning and Budgeting (OSPB). In an amended spending request to the state’s Joint Budget Committee, the OSPB asked that $492,776 go to the Colorado Department of Public Health and Environment (CDPHE) to conduct the survey, and another $567,000 from the state’s capital construction budget be used to purchase equipment for the survey. Gov. John Hickenlooper also recommended $1.3 million in cash fund spending authority for CDPHE to enter into a collaborative partnership with Colorado State University to begin collecting data for a broader study of the impacts of oil and gas operations on air quality in the state’s northern Front Range (see Shale Daily, Jan. 14).
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).
NGV Truck, Bus Business Speeding Ahead
Nearly half the liquefied natural gas (LNG) fueling stations for natural gas vehicles (NGV) now being developed are in the United States, according to a recent report by Navigant Consulting’s Pike Research unit. Globally there are 117 LNG stations, while compressed natural gas (CNG) stations number more than 20,000.
Abraxas Eagle Ford Well Flowing Above Expectations
Abraxas Petroleum Corp. said a recent Eagle Ford Shale well has been performing better than expected, but its operations in the Williston Basin in North Dakota have been hampered by equipment troubles.
New Mexico Eyes 30-Year Production High, Producers Say
Based on the most recent state data for this year, New Mexico is on track to bust the 80 million bbl oil production level for the first time since the late 1970s, and natural gas is expected to stay level at about 1.2 Tcf, according New Mexico Oil and Gas Association (NMOGA) officials.
Shale Development Pushing New Mexico to 30-Year Production High
Based on the most recent state data for this year, New Mexico is on track to bust the 80 million bbl oil production level for the first time since the late 1970s, and natural gas is expected to stay level at about 1.2 Tcf, according New Mexico Oil and Gas Association (NMOGA) officials.
Natural Gas Making Strides as Vehicle Fuel
The push to put more compressed natural gas (CNG) into the U.S. alternative transportation fuel mix has gained momentum in recent weeks with advances in vehicle equipment, model certification and in the local political arena.
North Dakota Prices, Drilling Decline, But Production Climbs
While drilling, prices and permitting all declined in North Dakota, natural gas and oil production set new monthly records, according to the most recent statistics compiled at the end of October in a Department of Mineral Resources (DMR) report released Monday.
Judge: Ohio Landowners Can Accept Better Leases Under Certain Terms
An Ohio judge has ruled that landowners who signed oil and natural gas leases with Chesapeake Exploration LLC have the right to accept better offers from competitors, as long as the original lease is in the primary term, drilling hasn’t started and Chesapeake fails to match the offer.