Land drilling expert Nabors Industries Ltd. saw its average U.S. rig utilization rate drop to 78% in the fourth quarter, with its active domestic rig count down by one-third from the peak a year ago. Customers are “indifferent” to the types of rigs they are dropping, the company’s CEO said.
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Articles from E&P
Texas Eastern Expansion Would Tag Marcellus, Utica, Eagle Ford
Spectra Energy Partners LP’s Texas Eastern Transmission LP has filed a certificate application at FERC for its 650,000 Dth/d Gulf Markets Expansion Project, which would provide capacity to move gas from the Marcellus/Utica shales in Appalachia and the Eagle Ford Shale in Texas to the Gulf Coast through the addition of bi-directional capability.
March 6, 2015
BNSF Train Loaded With Bakken Crude Derails, Burns in Illinois
A freight train operated by the BNSF Railway Co. and loaded with crude oil from the Bakken Shale derailed and caught fire near Galena, IL, on Thursday. There were no injuries.
March 6, 2015
Brine Pipeline Damaged in North Dakota, Leaked Nearly 19K Gallons
North Dakota said a pipeline transporting wastewater from oil and natural gas drilling was damaged and leaked nearly 19,000 gallons of brine in Divide County.
March 6, 2015
Lucas, Victory Enter Collaboration, Funding Agreements
One month after announcing their intention to merge, Houston-based Lucas Energy Inc. said it has entered into separate collaboration and funding agreements with Austin, TX-based Victory Energy Corp.
March 6, 2015
Gas-to-Liquids Technology Eyes Shale Play Flaring
With flaring an issue in North Dakota’s Bakken and other shale plays, emerging technologies, such as those from New Jersey-based Primus Green Energy Inc., offer the potential for operators to turn associated natural gas production into commercially viable liquid products, including gasoline and methanol.
March 6, 2015
Changes Predicted For Shale Gas Technology, EOR
A shakeup in the shale gas industry involving the acquisitions of technology providers and developers is coming this year, along with grudging growth in the enhanced oil recovery (EOR) sector, according to Mountain View, CA-based consulting/research firm Frost & Sullivan (F&S).
March 6, 2015
California Orders Injection Wells Closed; More Under Scrutiny
California regulators moved Tuesday to close 12 oil and gas underground injection wells in Kern County and are reviewing others to ensure that the state’s drinking water is protected from contamination.
March 5, 2015
U.S. Onshore Still Attractive at $55 Oil, Says ExxonMobil Chief
To some observers, ExxonMobil Corp. has been a plodder in North America’s onshore, but as low commodity prices shut the door to some operators, the supermajor is ready to roar, with plans to double output from three key U.S. plays through 2017.
March 5, 2015
Wolf Budget Proposes Restoring Most Funding to DRBC
Pennsylvania Gov. Tom Wolf has proposed restoring most of his state’s share of funding to the Delaware River Basin Commission (DRBC), which was cut by his Republican predecessor in a controversial move last year.
March 5, 2015
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