Natural gas has been the primary target of domestic drilling throughout the past decade, but the focus appears to be shifting to crude oil, according to a report on first quarter well completions issued by the American Petroleum Institute (API). The estimated number of oil wells drilled in the first quarter outnumbered natural gas wells by 5,718 to 3,860, API reported. The figures for oil well completions “show the focus is changing,” the producer group said. While oil and gas well activity was up from the same period in 2010, it was down from 2009, API said. It estimated that 10,431 oil and natural gas wells and dry holes were completed in the most recent first quarter, up 29% from 2010’s first quarter but almost 8% below completions in the first quarter of 2009. API also reported total estimated footage of 75.66 million feet was drilled in the first quarter, a 38% increase from the same period of 2010.
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API: Oil Well Completions Outstrip Gas in First Quarter
Natural gas has been the primary target of domestic drilling throughout the past decade, but the focus appears to be shifting to crude oil, according to a report on first quarter well completions issued by the American Petroleum Institute (API).
Japan Nuke Disaster Leads to U.S. Scrutiny
Utilities and state regulators have joined nuclear industry scientists throughout the United States together to study events unfolding at Japan’s badly damaged Fukushima nuclear power plant complex.
Unitil Beginning Replacement of Aging Pipe in Maine
Portland, ME-based Unitil Corp. is embarking on a 14-year project to replace more than 100 miles of pipeline throughout Portland and Westbrook, ME. Some of the cast iron pipes to be replaced with plastic pipe are more than 100 years old.
Shale-Focused Goodrich to Spend Less in 2011
Houston-based Goodrich Petroleum Corp. said Monday its preliminary 2011 capital expenditure budget is $225 million, a $30 million reduction from 2010 spending; however, production is expected to grow.
Magnum Storage Facility Gets Environmental OK
FERC has issued a favorable environmental assessment (EA) of Magnum Gas Storage LLC’s Utah project that will provide storage capacity to markets throughout the western United States via the Kern River Gas Transmission and Questar Pipeline systems.
Magnum Storage Facility Gets Environmental OK
FERC has issued a favorable environmental assessment (EA) of Magnum Gas Storage LLC’s Utah project that will provide storage capacity to markets throughout the western United States via the Kern River Gas Transmission and Questar Pipeline systems.
Oregon LNG Seeks County Clarification on Pipe Permit
As the impact of the transmission pipeline blast in California continues to reverberate throughout the industry, Oregon officials plan to hold a limited rehearing on an earlier land-use decision for a pipeline that would serve a proposed liquefied natural gas (LNG) terminal at the mouth of the Columbia River.
SoCal to Get LNG Fueling Network, Firm Says
Seal Beach, CA-based Clean Energy Fuels Corp. said Tuesday it plans to build LNG refueling stations throughout the region following the main trucking corridors between Los Angeles, San Diego and the points to the east in the Inland Empire of Riverside and San Bernardino counties. A backbone of hub LNG stations is envisioned, the company said.
SoCal to Get LNG Fueling Network, Firm Says
Seal Beach, CA-based Clean Energy Fuels Corp. said Tuesday it plans to build LNG refueling stations throughout the region following the main trucking corridors between Los Angeles, San Diego and the points to the east in the Inland Empire of Riverside and San Bernardino counties. A backbone of hub LNG stations is envisioned, the company said.
