Oil

Texas oil and natural gas regulators plan to streamline and modernize how the exploration and production (E&P) industry manages oilfield waste.  For the first time since 1984, the Railroad Commission of Texas (RRC) is updating Statewide Rule 8, which regulates oil and natural gas waste pits and disposal methods. The rule “will undergo a substantial…

The natural gas and oil sector has demonstrated the reduction of methane emissions through improving detection methods, according to a report of companies that represent about 70% of U.S. onshore operations. The Environmental Partnership’s fifth annual report noted that methane emissions came down from various actions, which included replacing natural gas-driven pneumatic controllers with low-…

The Biden administration has proposed a maximum of three offshore oil and gas lease sales in the Gulf of Mexico’s (GOM) Outer Continental Shelf (OCS) for the 2024-2029 period.  The long-awaited, proposed final program entails “the fewest oil and gas lease sales in history,” Department of the Interior (DOI) officials said upon releasing the five-year…

Heating with natural gas could cost U.S. residential customers less than last year and may be more affordable than other heating fuels, according to the National Energy Assistance Directors Association (NEADA).  NEADA, an organization led by state directors from the federal Low Income Home Energy Assistance Program, said in a report that while heating costs…

The Bureau of Ocean Energy Management (BOEM) has postponed an offshore oil and natural gas lease sale previously scheduled for Wednesday (Sept. 27), but the sale must occur by Nov. 8, following a federal court order. The order issued Monday by the U.S. Court of Appeals for the Fifth Circuit marks the latest development in…

An offshore oil and gas lease sale scheduled for Wednesday (Sept. 27) in the Gulf of Mexico’s (GOM) Outer Continental Shelf (OCS) must proceed as originally planned with all 73 million acres on offer, following a preliminary injunction granted by the U.S. District Court for the Western District of Louisiana. The Department of the Interior’s…

More natural gas and oil output is coming ashore from the deepwater Gulf of Mexico (GOM) as Woodside Energy Group Ltd.’s Shenzi North project ramps up in Green Canyon ahead of schedule.  A final investment decision (FID) for Shenzi North, an extension of the Shenzi field, was taken in July 2021, and first output initially…

North Dakota achieved record natural gas production of 3.29 Bcf/d in July, up 1.3% from June, according to the state’s Department of Mineral Resources (DMR). Producers managed to capture and put to market 96% or 3.15 Bcf/d of the output, also an all-time high, highlighted DMR’s Lynn Helms, Oil and Gas Division director. He hosted…

Crescent Point Energy Corp. is shifting its budget to center on long-term drilling in Alberta’s liquids-rich shale after landing a $500 million oil asset sale in North Dakota last month. Of a C$1.05-1.15 billion (US$788-862 million) development program in 2024, 70% is now being allocated for northern Alberta Montney and Duvernay geological formations, according to…