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Fatal Platform Fire Dents Pemex Oil, Natural Gas Production in August

Fatal Platform Fire Dents Pemex Oil, Natural Gas Production in August

Oil production in Mexico averaged 1.62 million b/d in August, down from 1.67 million b/d in July and 1.63 million b/d in August 2020, according to the data from upstream regulator Comisión Nacional de Hidrocarburos (CNH). Output by national oil company Petróleos Mexicanos (Pemex) fell from 1.61 million b/d in July to 1.55 million b/d…

September 27, 2021
Chinese NOCs Plan Drilling Splurge to Increase Domestic Natural Gas, Oil Output

Chinese NOCs Plan Drilling Splurge to Increase Domestic Natural Gas, Oil Output

Drilling activity in China is expected to intensify over the next five years as the nation’s producers are under pressure to boost domestic natural gas and oil production and reduce reliance on imports. According to a recent report by Rystad Energy, China’s top three national oil companies (NOCs) are expected to spend about $123 billion…

September 27, 2021
Lower 48 E&Ps Spurning New Wells, Drawing Down DUCs at ‘Unsustainable Delta’

Lower 48 E&Ps Spurning New Wells, Drawing Down DUCs at ‘Unsustainable Delta’

U.S. exploration and production (E&P) companies are completing wells at record rates, outpacing new wells by nearly 250 a month, according to Raymond James & Associates Inc. Analyst John Freeman in a note to clients Monday said the domestic count of drilled but uncompleted wells, aka DUCs, has dropped by nearly 3,300 from nearly 9,000…

September 27, 2021
GOM Activity on The Mend, But Natural Gas Drilling Slows in U.S.

GOM Activity on The Mend, But Natural Gas Drilling Slows in U.S.

U.S. natural gas drilling activity eased lower during the week ended Friday (Sept. 24), while ongoing recovery in the Gulf of Mexico (GOM) helped lift the overall domestic rig count higher for the period, according to updated numbers from Baker Hughes Co. (BKR). Ten oil-directed rigs were added in the United States for the week,…

September 24, 2021
More Signs of Post-Ida Recovery in Latest Tally of GOM Drilling Activity

More Signs of Post-Ida Recovery in Latest Tally of GOM Drilling Activity

Propelled by rising activity in the Gulf of Mexico (GOM) amid the recovery from Hurricane Ida-related impacts, the U.S. rig count rose nine units to 521 for the week ended Friday (Sept. 24), according to Baker Hughes Co. (BKR). Ten oil-directed rigs were added in the United States for the week, offsetting a one-rig decline…

September 24, 2021
Tourmaline Raises Capex Plan, Accelerates Montney Drilling

Tourmaline Raises Capex Plan, Accelerates Montney Drilling

Tourmaline Oil Corp., Canada’s largest natural gas producer, plans to boost spending and pull forward some drilling in the Montney Shale originally scheduled for next year into the final weeks of 2021. The company credited “materially reduced drilling times,” particularly at its northeastern British Columbia assets, with the decision.  Tourmaline reported a 20% reduction in…

September 24, 2021
Chevron, Enterprise Exploring Carbon Capture Opportunities for Gulf Coast, Midcontinent

Chevron, Enterprise Exploring Carbon Capture Opportunities for Gulf Coast, Midcontinent

Chevron Corp. and Enterprise Products Partners LP are evaluating possible projects to store carbon emissions from their U.S. business operations in the Midcontinent and on the Gulf Coast. Chevron U.S.A. Inc., through its Chevron New Energies division, has a framework in place with a subsidiary of Houston-based Enterprise to evaluate opportunities to store carbon dioxide…

September 13, 2021
GOM Activity Shows Modest Recovery, but U.S. Natural Gas Rig Count Eases Lower

GOM Activity Shows Modest Recovery, but U.S. Natural Gas Rig Count Eases Lower

The U.S. natural gas rig count slid one unit to 101 for the week ended Friday (Sept. 10), while a partial post-Ida recovery in the Gulf of Mexico (GOM) helped lift the overall domestic drilling tally six units to 503, the latest figures from oilfield services provider Baker Hughes Co. (BKR) show. Offsetting the one-rig…

September 10, 2021
Texas Oil, Gas Operators Using Innovations to Reduce Flaring, Methane Emissions

Texas Oil, Gas Operators Using Innovations to Reduce Flaring, Methane Emissions

The Texas energy sector is making substantial progress to reduce methane emissions, with flared natural gas volumes down by almost three-quarters between June 2019 and May, according to an industry-backed report.  The Texas Methane & Flaring Coalition on Wednesday issued the first edition of its Methane & Emissions Report. The coalition, established in December 2019,…

September 10, 2021
BCE-Mach III Grows Natural Gas Footprint in Anadarko as Prices Rise

BCE-Mach III Grows Natural Gas Footprint in Anadarko as Prices Rise

Anadarko Basin-focused BCE-Mach III LLC is beefing up its natural gas-weighted assets with a deal to add 18,200 net acres and 17 MMcfe/d to its portfolio amid high commodity prices.  The company, a partnership of Houston-based Bayou City Energy Management LLC and Oklahoma City-based Mach Resources LLC, said this week it recently closed on the…

September 10, 2021
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