Should

Upstart onshore operator Halcon Resources Corp. expects to produce 17,000-20,000 boe/d in the final three months of this year and should produce 40,000-45,000 boe/d in 2013, management said Thursday.

Propelled by its U.S. onshore crude oil and liquids output, EOG Resources Inc. reported better-than-expected profits for the third quarter. Investors in return sent the stock price up 4.37% on Tuesday.

A report issued by American Clean Skies Foundation Thursday projects that technology-driven changes in oil and gas production since 2007 will lead to annual employment gains of 835,000 to 1.6 million new jobs nationwide by 2017 (more than the entire U.S. auto manufacturing industry), and increase the country’s gross domestic product by $167 billion to $245 billion on a net basis.

The Pennsylvania Public Utility Commission (PUC) last week had taken down from its website a list of how impact fee revenue generated by Act 13, the state’s new omnibus Marcellus Shale law, was distributed to county and municipal governments.

Countries and companies that produce oil should reduce the flaring of associated natural gas by 30% by 2017, the World Bank-led Global Gas Flaring Reduction (GGFR) partnership said last Wednesday. Meanwhile, in the United States and Mexico, progress on flaring reduction is being made as gas-handling infrastructure is built out in oil plays.

Intangible drilling costs (IDC) are “an ordinary and necessary business expense of the oil and gas industry,” and should only be modified as part of a broader tax reform package — and in combination with a lower, globally competitive corporate tax rate — according to Industrial Energy Consumers of America (IECA).

Countries and companies that produce oil should reduce the flaring of associated natural gas by 30% by 2017, the World Bank-led Global Gas Flaring Reduction (GGFR) partnership said Wednesday. Meanwhile, in the United States and Mexico, progress on flaring reduction is being made as gas-handling infrastructure is built out in oil plays.

Intangible drilling costs (IDC) are “an ordinary and necessary business expense of the oil and gas industry,” and should only be modified as part of a broader tax reform package — and in combination with a lower, globally competitive corporate tax rate — according to Industrial Energy Consumers of America (IECA).

Energy Secretary Steven Chu should cooperate with other federal agencies to address key issues confronting energy and water, such as hydraulic fracturing processes, according to a new government report.