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Tag Archives: oil and gas exploration

US rig count up 5 this week to 511

HOUSTON (AP) — The number of rigs exploring for oil and natural gas in the U.S. increased by five this week to 511. A year ago, 838 rigs were active. Depressed energy prices have sharply curtailed oil and gas exploration. Houston oilfield services company Baker Hughes Inc. said Friday that 418 rigs sought oil and 92 explored for natural gas ...

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Interior Department touts efforts to protect sage grouse

greater sage grouse,

DENVER (AP) — A broad effort to save the greater sage grouse across the West without resorting to the Endangered Species Act is making progress, Interior Secretary Sally Jewell said Wednesday. “There’s some really good work going on,” Jewell said during a visit to a national wildlife refuge outside Denver, where she announced a year ago that the rare bird ...

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Helis Oil & Gas halts St. Tammany Parish drilling project

NEW ORLEANS (AP) — Helis Oil & Gas Co. has abandoned its plans to drill in St. Tammany Parish. Following a lengthy review of the geologic, engineering and other data from its exploratory well in rural St. Tammany Parish, Helis has concluded that it will not proceed with further operations at the site northeast of Mandeville, the company said in ...

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US rig count up 15 last week to 462

The U.S. drilling rig count is one away from the bottom recorded in 1999. (Image courtesy of Encana Corp)

HOUSTON (AP) — The number of rigs exploring for oil and natural gas in the U.S. increased by 15 last week to 462. A year ago, 876 rigs were active. Depressed energy prices have sharply curtailed oil and gas exploration. Houston oilfield services company Baker Hughes Inc. said Friday that 371 rigs sought oil and 88 explored for natural gas last week. ...

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US rig count up 9 last week to 440

rig count, Baker Hughes

HOUSTON (AP) — The number of rigs exploring for oil and natural gas in the U.S. increased by nine last week to 440. A year ago, 863 rigs were active. Depressed energy prices have sharply curtailed oil and gas exploration. Houston oilfield services company Baker Hughes Inc. said Friday that 351 rigs sought oil and 88 explored for natural gas last week. ...

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Editorial: On Earth Day 2015, clean water is on our mind

A lot of Earth Days have come and gone in the 45 years since the late Sen. Gaylord Nelson founded the annual observance. Around here, they’ve often passed with little notice beyond programs in our schools and sparsely attended observances by environmental groups. But this one feels different. This one should get more widespread notice around Fayetteville and the Cape ...

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Oil and gas lease sale garners $1.50 per acre

BILLINGS, Mont. — Montana officials say companies paid an average of $1.50 per acre during a sale of state-owned mineral rights for oil and gas exploration. The Department of Natural Resources and Conservation says more than 35,000 acres were leased in Tuesday’s sale. Total revenue from the 78 tracts sold was less than $53,000. The leases included parcels in Custer, ...

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Companies sign on for new exploration in Egypt

The oil ministry of Egypt announced Friday that the nation has signed six new oil and gas exploration contracts with foreign and Egyptian companies valued over hundreds of millions of dollars. Reuters reported that the contract agreements include provisions for 41 discovery wells in the western desert and Gulf of Suez. Some of the major companies involved in the new ...

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Global oil and gas exploration spending to slide 17 pct

HOUSTON, Jan 7 – The world’s oil and gas exploration companies are expected to cut capital expenditures 17 percent this year as a deep slump in crude oil prices takes a toll on budgets, according to a survey by Cowen and Company released on Wednesday. The survey, based on an average oil price of $70 per barrel, estimates that global ...

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