The Bakken Shale, Hess Corp.’s “principal engine of growth.” averaged 65,000 boe/d in the first three months of this year, an increase of 55% from a year ago, the CEO told investors on Wednesday.
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Continental Resources Inc. plans to double the number of drilling rigs it has targeting a legacy shale play in Oklahoma in 2013, and it will increase development and exploratory drilling in the Bakken Shale as it looks to maintain its reign as North Dakota’s top oil producer.
The Boulder County, CO, commission on Tuesday formally extended a moratorium on new oil and natural gas drilling permits to June 10. However, the commission left the door open to lifting the ban earlier if the county’s new drilling rules are in place.
The state of Texas is losing billions of dollar because of tax rate deductions for shale gas wells using hydraulic fracturing that are classified as “high cost wells,” according to a report by the state Legislative Budget Board (LBB).
A coalition of seven states, led by New York Attorney General Eric Schneiderman, Tuesday told the U.S. Environmental Protection Agency (EPA) it will sue the agency for failing to address methane emissions from oil and gas operations in violation of the Clean Air Act.
Accusing Tennessee Gas Pipeline of “improperly segmenting” its expansion projects to avoid rigorous environmental reviews, three environmental groups have filed an emergency motion asking FERC to expedite consideration of their request for the agency to rehear a May order approving the pipeline’s Northeast Upgrade Project.
Importing liquefied natural gas (LNG) by the winter of 2014-2015 is the only sure way to ensure adequate gas supplies for Southcentral, AK, Enstar Natural Gas CEO Colleen Starring told an Anchorage audience Monday.