Telling

Oil, natural gas and natural gas liquids (NGL) aren’t the only commodities on the minds of producers. These day’s they’ve been thinking about water, too — a lot actually.

Schlumberger Ltd. CEO Andrew Gould last week repeated an old adage and added something new to it, telling an industry audience in New Orleans, “if you want to find oil, you have to drill. And if you want to produce unconventional gases or oils, it is even truer.”

Schlumberger Ltd. CEO Andrew Gould repeated an old adage and added something new to it on Monday, telling an industry audience in New Orleans, “if you want to find oil, you have to drill. And if you want to produce unconventional gases or oils, it is even truer.”

The former chief of the New York Department of Conservation (DEC), whose ouster in October was criticized by producers and environmental groups alike, told state lawmakers last week that massive cutbacks in commission staff have become a “shell game” that didn’t take into account the consequences for stakeholders.

Four major competitors of BP plc broke ranks with the embattled oil giant last Tuesday — telling a House subcommittee that they would have drilled differently the deepwater well that has been spewing oil in the Gulf of Mexico (GOM) for nearly two months.

The four major competitors of BP plc broke ranks Tuesday — telling a House subcommittee that they would have drilled differently the deepwater well that has been spewing oil in the Gulf of Mexico (GOM) for nearly two months.

Independent oil billionaire T. Boone Pickens continued to voice his support for gas-friendly legislation Wednesday, telling members of the House Committee on Ways and Means that the NAT GAS Act (HR 1835), which seeks to establish a sustained market for natural gas vehicles (NGV) and rein in gas market volatility, would create 600,000 jobs and help wean the country off imported oil.

Independent oil billionaire T. Boone Pickens continued to voice his support for gas-friendly legislation Wednesday, telling members of the House Committee on Ways and Means that the NAT GAS Act (HR 1835), which seeks to establish a sustained market for natural gas vehicles (NGV) and rein in gas market volatility, would create 600,000 jobs and help wean the country off imported oil.

While hardly a nightly newscast goes by without noting the high cost of gasoline, the American Public Gas Association (APGA) is telling Congress it better do something to address high natural gas prices and warns that this December’s heating bills will reflect a doubling in the commodity cost from a year ago.