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Baker Sees ’13 U.S. Rig Count Down 8%, Well Count Off 4%

Baker Hughes Inc. is optimistic about North America for the second half of 2013, but sector leader Schlumberger Ltd. still expects an oversupplied pressure pumping market.

July 22, 2013

McCarthy Confirmed as EPA Chief

The Senate Thursday confirmed Gina McCarthy to head the Environmental Protection Agency (EPA), ending a four-month long stalemate between Republicans and Democrats over her controversial nomination.

July 22, 2013

Burgeoning Shale Industry Still Honing Public Image

Output from the nation’s shale plays has ballooned domestic natural gas production over the past few years, but the industry, and the country, have yet to fully embrace all that the paradigm shift entails, said Rick Smead, a director in Navigant Consulting Inc.’s energy practice.

July 22, 2013

Nucor to Spend $700M-Plus to Fuel Encana’s Natural Gas Drilling

Steel manufacturer Nucor Corp. said it plans to spend more than $700 million on natural gas drilling over a two-year period to meet its contractual obligations with Encana Corp. for low-cost gas supplies.

July 22, 2013

LNG Approval Delays Costing Billions, Think Tank Says

Pro-business Washington, DC, think tank American Council for Capital Formation (ACCF) has a new paper extolling the benefits of exporting liquefied natural gas (LNG) that it hopes will light a fire under the U.S. Department of Energy (DOE) and its export approval process.

July 22, 2013

BP Launches Fraud Hotline as Claims Mount

BP plc last week launched a Gulf Claims Fraud Hotline “to help protect the integrity of the claims processes” related to the 2010 Macondo well blowout and Deepwater Horizon oil spill.

July 22, 2013

Apache GOM Sale Shifts Focus to Onshore

Apache Corp., which had planned to sell about $4 billion worth of assets by the end of the year, accomplished that goal and more last week after agreeing to sell Gulf of Mexico (GOM) Outer Continental Shelf operations and properties, and the asset retirement obligations, to a Riverstone Holdings affiliate for $5.25 billion total.

July 22, 2013

Constitutionality of Pennsylvania’s Act 13 ‘Significant Concern’ for Industry

There is “significant concern” among oil and gas interests that the Pennsylvania Supreme Court could deadlock in a 3-3 tie over the constitutionality of Act 13 because the high court’s newest appointee will not participate in the case challenging the law.

July 22, 2013

California Recommends PG&E Pay Additional Penalty

In what would be an historically high fine, the safety staff of the California Public Utilities Commission (CPUC) last week amended its $2.25 billion penalty recommendation against or Pacific Gas and Electric Co. (PG&E) concerning the San Bruno, CA, natural gas pipeline rupture, to include a minimum of $300 million paid to the state’s general fund.

July 22, 2013

Newfield, Hess Terminate Leases in Pennsylvania

Newfield Exploration Co. and joint venture (JV) partner Hess Corp., have terminated about 1,500 leases in northeastern Pennsylvania, dashing hopes that landowners could earn about $187.5 million in royalties.

July 22, 2013