The U.S. oilfield services (OFS) sector is going to recover at some point over the next few quarters, and even though its footprint may be smaller, fewer, high-tech rigs should be able to recover more reserves than at any time in the past.
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Articles from E&P
Energy, Water Appropriations Bill Headed to Senate Floor Without Clean Water Rider
The Senate Appropriations Committee passed a $35.4 billion spending bill for water and energy on Thursday, after Sen. John Hoeven (R-ND) introduced — but then withdrew, at the urging of his colleagues — a controversial amendment that would have blocked the Obama administration from modifying the Clean Water Act (CWA). The bill now heads to the Senate floor.
May 21, 2015
BLM Utah Lease Sale Proceeds Plunge
The Bureau of Land Management's Utah office in Salt Lake City said the results of its latest quarterly oil and natural gas lease sale showed significantly lower proceeds and activity…
May 20, 2015
BLM Utah Lease Sale Proceeds Plunge
The Bureau of Land Management’s (BLM) Utah office in Salt Lake City said the results of its latest quarterly oil and natural gas lease sale showed significantly lower proceeds and activity than a year earlier.Separately, a previously scheduled auction in August has been canceled to combine with one planned in November.
May 20, 2015
BOEM Director Says Administration Opposes New OCS Revenue Sharing Bills
The head of the Interior Department's (DOI) Bureau of Ocean Energy Management (BOEM) told a Senate panel that the Obama administration is opposed to three of the 26 energy bills that are being considered for inclusion in a broader, comprehensive energy bill.
May 19, 2015
Industry Groups Seek Injunction Against Fracking Rule on Public Lands
Attorneys representing the Independent Petroleum Association of America (IPAA) and the Western Energy Alliance (WPA) asked a federal court to block the Bureau of Land Management (BLM) from enacting its final rule for hydraulic fracturing (fracking) on public and tribal lands, arguing that the rulemaking process was flawed and will cost producers hundreds of millions of dollars.
May 19, 2015
California Files Injection Well Report With U.S. EPA
California authorities last Friday filed the report of their latest accelerated review of oil/natural gas industry underground injection control (UIC) wells with the U.S. Environmental Protection Agency (EPA). There are more than 50,000 of the wells statewide.
May 19, 2015
Ohio Ethane Cracker Expected to Begin Production in 2020
If it decides to make the investment and build an ethane cracker in Belmont County, OH, Thailand's PTT Global Chemical pcl said…
May 19, 2015
Colorado County Gives Driller Break on Fees Due to Low Prices
Rio Blanco County, CO, elected officials recently passed a measure to temporarily suspend impact fees on oil/natural gas development to encourage business expansion.
May 19, 2015
Wolf Fires Back at Oil/Gas Industry in Defense of Severance Tax Proposal
In a strongly worded rebuttal, Democratic Gov. Tom Wolf on Monday lashed out at the Pennsylvania Chamber of Business and Industry for its role in opposing his severance tax proposal on oil and natural gas production in the state, calling the group’s stance “unacceptable” and accusing it of appeasing special interests.
May 19, 2015
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