Wells

California Energy Industry Counters Claims of Inability to Handle Idle Oil, Gas Wells

California Energy Industry Counters Claims of Inability to Handle Idle Oil, Gas Wells

Officials on Monday countered allegations in a report that California regulators and the oil and gas industry are not prepared to handle a backlog of idle wells tied to declining production.

February 11, 2020

California’s UIC Well Exemptions Challenged in Federal Court

The U.S. Environmental Protection Agency (EPA) has been sued by the Center for Biological Diversity (CBD) regarding exemptions for some of California’s wastewater injection wells.

November 26, 2019

California Said Reining In More Idle Oil, Gas Wells

New rules effective earlier this year are having a positive impact in reducing California’s inventory of nearly 30,000 idled oil and natural gas wells, according to a report issued Wednesday to the state legislature.

November 15, 2019

CNX Reaches Settlement with Pennsylvania to Cover Well Plugging Liabilities

CNX Resources Corp. has reached a settlement with Pennsylvania regulators requiring the company to post a $1.48 million performance bond to ensure coverage for the costs of plugging 141 natural gas wells in the southwestern part of the state.

October 15, 2019
North Dakota’s Bakken Sets More Oil, Gas Production Records; Flaring Climbs

North Dakota’s Bakken Sets More Oil, Gas Production Records; Flaring Climbs

Oil and natural gas production in North Dakota’s Bakken Shale keeps ramping up to record levels, but challenges remain as the industry has fallen short of the state’s gas capture goals.

September 17, 2019

‘Clear Evidence’ U.S. Oil Well Productivity Gains Maxing Out

Surging onshore oil production wrested from wells using unconventional drilling techniques may have reached its maximum level and could decline as producers deal with well interference and “rock quality deterioration.”

September 4, 2019

North Dakota Considering Crackdown on Idle Oil Wells

North Dakota officials are attempting to address the nagging problem of abandoned oil wells at a time when robust Bakken Shale growth continues unabated.

September 3, 2019
Chaparral, SandRidge Reduce Workforces but Pursue Different Strategies

Chaparral, SandRidge Reduce Workforces but Pursue Different Strategies

Two Oklahoma City-based producers reduced their workforces in the second quarter in order to trim general and administrative costs, but one plans to ramp up Northwest Oklahoma exploration while the other looks to Colorado.

August 9, 2019

Bakken Said Last Holdout for Positive Parent-Child Well Relations

The Bakken Shale underlying North Dakota and parts of Montana could be the last oil and gas production zone where child wells are increasing output from parent wells, said James West, senior managing director of research at Evercore ISI.

July 25, 2019
Permian Pure-Play Ring Cuts Capex with Cash Flow Still Focus

Permian Pure-Play Ring Cuts Capex with Cash Flow Still Focus

Ring Energy Inc. on Monday reduced its capital expenditures (capex) for this year after it trimmed the number of new horizontal wells to be drilled and reallocated funds to upgrading existing wells and infrastructure.

July 23, 2019