The U.S. District Court for the Middle District of Pennsylvania has ruled in favor of Ultra Resources Inc. after a long-running case in which an environmental advocacy group challenged state permits for eight of the company’s compressor stations and said they failed to meet federal pollution standards.
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Articles from E&P
EOG Braced For Price Comeback With 15-Year Drilling Inventory
EOG Resources is sitting on a 15-year inventory of potential drilling sites in the Eagle Ford, Bakken and Delaware Basin plays and has plans to acquire more prime drilling locations, EOG CEO Bill Thomas said at the Credit Suisse annual Energy Summit in Vail, CO.
Gulfport Will Cut Spending, Focus on Utica in 2015
Gulfport Energy Corp. on Thursday reported triple-digit production growth in 2014 and said it would slash capital spending this year by 40% from last year’s level.
Ohio, Pennsylvania Governors Touting Energy Industry Tax Reform Plans
Ohio’s Republican Gov. John Kasich continued his push for a 6.5% severance tax on oil and natural gas produced by the state’s shale drillers, calling current rates “unconscionable” and outdated during his State of the State Address on Tuesday.
Some Utah Federal Land Could Be Opened to Leasing
The U.S. Bureau of Land Management (BLM) took preliminary steps Wednesday that could lead to the leasing of heretofore untouched federal forest lands in south-central Utah for possible oil and natural gas exploration. The appeal period for the action ends March 25.
Canada’s Pembina to Expand Pipeline in Bakken
Calgary-based Pembina Pipeline Corp. has inked agreements for an $85 million expansion of the Vantage pipeline system, which it bought last year.
Encana Ready to Seize ‘Right Opportunities,’ Says Suttles
With restructuring completed and streamlined operations, Encana Corp. could make a play for strategic assets in North America’s onshore, CEO Doug Suttles said Wednesday.
Texas Rig Count, Permitting, Completions Falling
Not long ago, Texas could boast about half of the nation’s operating drilling rigs. The Lone Star State’s slice of the drilling pie — a shrinking pie at that — is now down to 46% as producers drop rigs in a low-price environment. January well completions were down almost 45% from a year ago, according to the Railroad Commission of Texas (RRC).
Deep Panuke NatGas Reserves Halved by Encana
Natural gas reserves projections for the Deep Panuke project offshore Nova Scotia have been cut in half because of water issues, Encana Corp. executives said.
Ohio Unconventional Oil, Gas Production Continues Increasing
Ohio’s horizontal shale wells produced 3.5 million bbl of oil and about 164.8 Bcf of natural gas in the fourth quarter, according to newly released data from the Ohio Department of Natural Resources (ODNR).