The number of active drilling rigs plunged by 10 last week led by dips in West Texas and Louisiana. Nine of the losses came from rigs drilling for oil, and two of them were offshore rigs, which factored into the loss for Louisiana, according to weekly figures compiled by the services firm Baker Hughes, a […]
New York’s attorney general sued Exxon Mobil Corp on Wednesday, alleging that the world’s largest oil company for years misled investors about the risks of climate change regulations on its business. — Read on http://www.reuters.com/article/us-exxon-mobil-lawsuit/new-york-sues-exxon-for-misleading-investors-on-climate-change-risk-idUSKCN1MY2IBRead more "New York sues Exxon for misleading investors on climate change risk | Reuters"
On Friday, Secretary of Energy and former Texas Governor Rick Perry traveled to San Antonio to participate in the Shale-a-Thon, the celebration of the 10th anniversary of the completion of the first successful horizontal oil well into the Eagle Ford Shale formation. That first well, drilled by Petrohawk Energy (later acquired by BHP Billiton), was announced on […]Read more "Happy 10th Anniversary To The Eagle Ford Shale | Forbes"
HOUSTON (Reuters) – Even as crude prices hover near four-year highs, U.S. oilfield service firms’ third-quarter results due out in coming days will reflect a shaky recovery, as their customers face drilling constraints and pressure to hold down spending. Oil producers are holding off finishing new wells, and cost pressures from tight labor markets and […]Read more "U.S. oil service firms face tough quarter despite high crude prices | Reuters"
BILLINGS, Mont. (AP) — The Trump administration is considering using West Coast military installations or other federal properties to open the way for more U.S. fossil fuel exports to Asia in the name of national security and despite opposition from coastal states. The proposal was described to The Associated Press by Interior Secretary Ryan Zinke […]Read more "West Coast military installations eyed for US fuel exports"
The public comment period will soon begin for the Environmental Protection Agency’s (EPA) controversial proposal to ease the Obama administration’s methane pollution standards for oil and natural gas drillers, according to the Federal Register. The proposed change will be published Monday in the Federal Register. EPA will then accept comments from companies, environmental groups, states and […]Read more "EPA to kick off comment period for methane pollution rule rollback | TheHill"
WPX Energy’s decision to reconfigure its portfolio and buy into the Permian during the downturn was a bold one not viewed favorably by its shareholders at the time. Now, with its operator peers bidding almost $100,000/acre for nearby land, the company can confidently say it was a pacesetter. “We had the sheer opportunity under the […]Read more "JPT The Company That Slipped Into the Permian “Under The Cover of Darkness” | SPE.org"
(Reuters) – U.S. energy regulators approved Canadian energy company Enbridge Inc’s (ENB.TO) request to put part of its $2.6 billion NEXUS natural gas pipeline from Ohio to Michigan into service. NEXUS is one of several gas pipelines designed to connect growing output in the Marcellus and Utica shale basins in Pennsylvania, West Virginia and Ohio […]Read more "U.S. OKs startup of part of Enbridge Ohio-Michigan NEXUS natgas pipe | Reuters"
WASHINGTON, Oct 11 (Reuters) – A coalition of U.S. business groups fighting President Donald Trump’s trade tariffs has launched an advertisement aimed at telling voters ahead of the midterm elections that the measures are costing American businesses and consumers $1.4 billion a month. The group says that in Michigan, a state with several competitive elections […]Read more "U.S. business group says Trump China tariffs cost $1.4 bln/month | Reuters"
The United States continues to increase production of lighter crude oil – Today in Energy – U.S. Energy Information Administration (EIA) — Read on http://www.eia.gov/todayinenergy/detail.phpRead more "The United States continues to increase production of lighter crude oil – Today in Energy – U.S. Energy Information Administration (EIA)"