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Tag Archives: Oil & Natural Gas

US rig count drops 5 this week to 415

rig count, oil natural gas

HOUSTON (AP) — The number of rigs exploring for oil and natural gas in the U.S. dropped by five this week to 415, another all-time low amid depressed energy prices. A year ago, 894 rigs were active. Houston oilfield services company Baker Hughes Inc. said Friday that 338 rigs sought oil and 86 explored for natural gas. One was listed ...

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US rig count drops 11 this week to 420, another all-time low

US rig count drops 11 this week to 420, another all-time low

HOUSTON (AP) — The number of rigs exploring for oil and natural gas in the U.S. dropped by 11 this week to 420, again reaching an-time low amid depressed energy industry prices. A year ago, 905 rigs were active. Houston oilfield services company Baker Hughes Inc. said Friday 332 rigs sought oil and 87 explored for natural gas. One was ...

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A Quiet Confession: China cuts 2020 shale gas goals in half

Jared Anderson | Breaking Energy China quietly cut its 2020 goals for shale gas, a goal that was so ambitious that few took the number seriously. The goal – to ramp up from zero commercial production of shale gas to 60-80 billion cubic meters by 2020 – was met with skepticism both inside and outside China when first announced. Now, ...

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Jordanian company waiting to sign deal for $2.4b oil shale power plant

Mohammad Ghazal | The Jordan Times AMMAN – The Attarat Power Company on Wednesday said it is awaiting the government’s response on when to sign agreements to go ahead with its $2.4 billion oil shale-fuelled power plant. “The government approved the deal… but it seems the National Electric Power [Company] is still waiting for official approval [over] parts of the ...

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Colorado Democrats avoid fracking fight

Ivan Moreno | The Associated Press DENVER — Colorado Democrats avoided a politically costly fight over oil and gas drilling after a quid pro quo deal pitched by the state’s fracking-friendly governor prompted groups to drop their dueling ballot proposals. The cease-fire compromise from Gov. John Hickenlooper was announced with great fanfare at the state Capitol Monday morning with U.S. ...

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Basin operators increase interest in shipping oil by rail

Mella McEwen | The Midland Reporter-Telegram (Midland, Texas) Billions of dollars have been pouring into the Permian Basin in recent years as pipelines rush to help producers move their crude and natural gas to market. Despite the investment in new pipelines and gathering lines and expansion of existing lines, takeaway capacity remains tight and producers are increasingly turning to the ...

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In Ukraine Crisis Wake: Geopolitics and a case for European LNG import terminals

Jared Anderson | Breaking Energy The global LNG supply options are broadening with new LNG export projects – both under construction and proposed – mushrooming especially in Australia, the US, Canada, Papua New Guinea, Mozambique, Tanzania et cetera. Conceivably, a severe competition in the global LNG market is in the not so distant future. What impact this “golden age of ...

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Appeals court sides with Chesapeake on royalties

chesapeake

Max B. Baker | The Fort Worth Star-Telegram Barnett Shale landowners fighting to keep Chesapeake Energy from deducting post-production costs from their royalty checks were dealt a potentially serious blow by two recent federal appeals court decisions, which stated that the gas-drilling giant is allowed to do so under the terms of their leases. The 5th U.S. Circuit Court of ...

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Changes to Idaho’s Oil and Gas Industry Proposed

idaho

Brian Smith | The Times-News BOISE — After months of negotiations, industry representatives, environmentalists and regulators will soon present a set of changes to the rules governing Idaho’s budding oil and gas industry. On Tuesday, the Idaho Oil and Gas Commission will mull the proposed rules before they go out for a 21-day public comment period in early September and ...

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