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Colorado Makes First Assessment of State’s Oil, Natural Gas Emissions

Colorado Makes First Assessment of State’s Oil, Natural Gas Emissions

The Colorado Oil and Gas Conservation Commission (COGCC) last month released its first annual report to evaluate the cumulative impacts of oil and natural gas emissions, setting the stage for future evaluations and recommendations.  State Senate Bill (SB) 181, enacted in 2019, is designed to limit the effects of emissions and environmental disruptions from oil…

January 24, 2022
TC’s NGTL Rejected in Bid for LNG Canada Toll Discounts

TC’s NGTL Rejected in Bid for LNG Canada Toll Discounts

TC Energy Corp. has lost a bid to use a toll discount to gain high-volume pipeline traffic for liquefied natural gas (LNG) exports by the Royal Dutch Shell plc-led terminal under construction on the northern Pacific coast of British Columbia (BC). The Canada Energy Regulator (CER) rejected the bargain rate sought by TC subsidiary Nova…

January 24, 2022
Lower 48 to Grow Oil, Natural Gas Output in February; DUCs Draw Down in Late 2021

Lower 48 to Grow Oil, Natural Gas Output in February; DUCs Draw Down in Late 2021

U.S. onshore plays are set to increase both natural gas and oil output from January to February, with the gains set to follow a further drawdown in drilled but uncompleted (DUC) wells to close out 2021, according to updated modeling from the Energy Information Administration (EIA). Natural gas production from seven key U.S. producing regions…

January 18, 2022
IEA Urges ‘Deep Decarbonization’ of Canada’s Natural Gas, Oil Industry

IEA Urges ‘Deep Decarbonization’ of Canada’s Natural Gas, Oil Industry

The International Energy Agency (IEA) is urging the Canadian government to require “deep decarbonization” in the country’s oil and natural gas industry.  “Global markets will progressively demand cleaner fuels and will discriminate in favor of more carbon-competitive products,” said the global energy watchdog in a 261-page report issued on Thursday. “Canada is the fourth largest…

January 13, 2022
ExxonMobil Ready to Cast Off Natural Gas-Rich Assets in Montney, Duvernay

ExxonMobil Ready to Cast Off Natural Gas-Rich Assets in Montney, Duvernay

 A 1,020-square-mile spread of Canadian drilling rights in the Montney and Duvernay formations of Western Canada went on the market by ExxonMobil affiliates Wednesday in the latest property sales launched by integrated major. Seventy-percent owned Imperial Oil Ltd. and ExxonMobil Canada Ltd. are taking offers for their stakes in the parent company’s unconventional unit XTO…

January 13, 2022
Midcontinent, Rockies Record Highest Oil and Gas Prices in Years to Spur Drilling, Kansas City Fed Says

Midcontinent, Rockies Record Highest Oil and Gas Prices in Years to Spur Drilling, Kansas City Fed Says

Average oil and natural gas prices of $73/bbl and $4.27/MMBtu, respectively, were needed to justify substantially more drilling during the fourth quarter of 2021, according to a survey of Midcontinent and Rockies energy firms by the Federal Reserve Bank of Kansas City. That translates into the highest “substantial increase price” average recorded for oil since…

January 10, 2022
Southwest Gas Completes Dominion Questar Acquisition Opposed by Icahn

Southwest Gas Completes Dominion Questar Acquisition Opposed by Icahn

Southwest Gas Holdings Inc. has completed its nearly $2 billion acquisition of Dominion Energy Questar Pipeline LLC, a move that activist investor Carl Icahn had attempted to thwart.  Questar and its affiliates, which operate 2,160 miles of FERC-regulated interstate natural gas pipelines in the Rocky Mountain region, is to be rebranded as subsidiary MountainWest Pipelines…

January 4, 2022
U.S. Drilling Activity Steady to Close Out 2021, Latest BKR Tally Shows

U.S. Drilling Activity Steady to Close Out 2021, Latest BKR Tally Shows

Overall drilling activity in the United States held steady to close out 2021, with the combined domestic count finishing unchanged at 586 for the week ended Friday (Dec. 31), according to updated figures published by Baker Hughes Co. (BKR). Total oil-directed rigs in the United States held steady at 480, while natural gas-directed rigs were…

January 3, 2022
Fueled by Vaca Muerta, Argentina Oil, Natural Gas Production Riding Hot Streak

Fueled by Vaca Muerta, Argentina Oil, Natural Gas Production Riding Hot Streak

Argentina continues to ramp up its oil and gas production amid high prices and a push from the government to increase output. November oil production was up 15% year/year to 557,000 b/d, the highest monthly figure in nine years, Energy Secretary Darío Martínez said recently. The improvement is mainly because of the Vaca Muerta formation…

December 27, 2021
Permian, Haynesville to Spur Natural Gas Production Growth in January, Says EIA

Permian, Haynesville to Spur Natural Gas Production Growth in January, Says EIA

The Permian Basin and Haynesville Shale will keep domestic natural gas production growing into the new year, according to updated modeling from the Energy Information Administration (EIA). In its latest monthly Drilling Productivity Report (DPR), EIA said it expects natural gas production from seven key U.S. regions — the Anadarko, Appalachia and Permian basins, alongside…

December 13, 2021