U.S. Rig Count in 2013 to Decline 8%, Well Count Down 4%, Says Baker

U.S. Rig Count in 2013 to Decline 8%, Well Count Down 4%, Says Baker

Baker Hughes Inc. executives on Friday said the total U.S. rig count should fall on average by 8% this year from 2012, but with better drilling efficiencies, the onshore well count may only decline by 4% to around 35,000.

July 22, 2013

Statoil Takes the Keys to Some Eagle Ford Assets

As of Monday, Norway’s Statoil has taken over operatorship of the eastern portion of its Eagle Ford Shale assets that it has held in a 50-50 joint venture (JV) since 2010 with Talisman Energy USA Inc.

July 2, 2013

Ohio Chemicals Disclosure Rules Scrutinized

The U.S. Environmental Protection Agency (EPA) is probing a chemical emergency at an oil well facility in January, where an inventory of chemicals wasn’t available to first responders as required under federal law.

June 27, 2013

Pipeline Extension Would Bring More NatGas to Yucatan Peninsula

GDF SUEZ Mexico and GE Energy Financial Services (GEFS) are partnering to extend the Mayakan pipeline in the Yucatan Peninsula, where Mexico’s state-owned electric utility, Comision Federal de Electricidad (CFE), has agreed to use 300 MMcf/d of natural gas in power plants currently using diesel and fuel oil.

June 21, 2013

Songs Closure May Take $3B, 50 Years

California energy officials last week continued to wrestle with where to find more natural gas, renewables and purchased power sources for electric generation as they dealt with closing San Onofre Nuclear Generating Station (Songs). Southern California Edison Co.’s (SCE) decision to shutter the 2,200 MW facility could cost $3 billion cost for up to 50 years (see NGI, June 10).

June 17, 2013

Royalties Up More than 1,000% in Top Marcellus Counties

Rents and royalties reported on Pennsylvania income tax returns from 2006 to 2010 have increased 61% statewide, and 119% in counties with Marcellus Shale activity, according to a report by the Allegheny Institute for Public Policy (AIPP). Rent and royalty income for landowners and mineral rights owners in the state rose 34% in counties with no Marcellus activity.

June 12, 2013

San Bruno Mayor Calls for Probe of CPUC Legal Team Change

The mayor of San Bruno, CA — where a natural gas transmission pipeline rupture and explosion killed eight nearly three years ago — on Wednesday called for the California Attorney General’s Office and state lawmakers to investigate replacement of the state regulatory legal team investigating the event.

June 7, 2013
Ohio Hits Milestone with 100 Utica Wells Producing

Ohio Hits Milestone with 100 Utica Wells Producing

As oil and gas companies continue to ponder the best strategy for unlocking natural resources in the Utica Shale — and industry analysts continue to debate the merits of doing so — data from the Ohio Department of Natural Resources (ODNR) indicate that the state has passed an important milestone: 100 horizontal wells online and in production.

May 30, 2013
Southwestern Hitting ‘Full Stride’ in Marcellus

Southwestern Hitting ‘Full Stride’ in Marcellus

Southwestern Energy Co. is producing about 400 MMcf/d in the Marcellus Shale and doesn’t foresee any constraints in moving natural gas to markets north or south for the next couple of years, executives said Friday.

May 7, 2013

Cana-Woodford to Be Newfield’s Biggest Producer

Newfield Exploration Co. is “right where we want to be toward execution of our 2013-2015 plan,” CEO Lee Boothby said last week during an earnings conference call in which management talked of a “surge” in Eagle Ford Shale production and the rising prominence of the Cana-Woodford Shale in the company’s liquids-focused portfolio.

April 29, 2013
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