Archives February 2015

Feb
10
2015

Unconventional plays continue driving US production

Output from unconventional projects is expected to account for much of the anticipated US production growth during 2015 although falling crude oil prices could trigger a slower production pace than some forecasters suggested months ago. …read more Source: Oil Gas Journal   

Feb
10
2015

ND bills would expand Industrial Commission, void flaring rule, vapor-pressure standards

Republican lawmakers in North Dakota have initiated legislation that would bring already-established rules on reduced gas flaring and on oil conditioning standards for crude produced from the Bakken, Three Forks, and Sanish formations back into the statehouse. …read more Source: Oil Gas Journal   

Feb
10
2015

Comment: Beware of break-even and marginal-cost analyses

Shale oil and gas productivity and costs vary dramatically among the different areas of a shale formation, and the difference between owning the best acreage or the worst is what makes winners and losers. …read more Source: Oil Gas Journal   

Feb
10
2015

Texas A&M studies water used for Eagle Ford fracturing

Development of unconventional plays led to a rapid proliferation of the use of hydraulic fracturing, which has boosted US production rates. Yet, fracturing remains under intense scrutiny for various reasons, including water usage. …read more Source: Oil Gas Journal   

Feb
10
2015

Accenture: Eagle Ford operators cut costs with integrated planning, better logistics

Accenture examined the importance of integrated planning and logistics as a way to save money for operators in the South Texas Eagle Ford, a region that the unconventional oil and gas industry already considers as a model for the manufacturing approach. …read more Source: Oil Gas Journal   

Feb
10
2015

WoodMac: Eagle Ford production tops 1 billion bbl

Analysts forecast increasing unconventional US production during 2015 with one of the prolific plays being the Eagle Ford shale in South Texas. …read more Source: Oil Gas Journal   

Feb
10
2015

Fracturing becoming a common municipal ballot item

Various municipalities, including Denton, Tex., have banned or sought to ban hydraulic fracturing through ballot issues while some states such as New York have imposed moratoriums, citing environmental issues or health concerns. …read more Source: Oil Gas Journal   

Feb
10
2015

Maryland moves forward on fracturing regulations

Maryland state officials planned to draft regulations that would allow hydraulic fracturing in the Marcellus shale in West Maryland provided that natural gas producers abide by certain stipulations limiting the risks of water contamination and air pollution. …read more Source: Oil Gas Journal   

Feb
10
2015

New York state decides to ban hydraulic fracturing

New York state officials planned in 2015 to officially ban high-volume hydraulic fracturing, which would end a temporary moratorium that has existed in the state for years pending studies on the possible health consequences of fracturing in the Marcellus shale. …read more Source: Oil Gas Journal   

Feb
10
2015

Continental Resources completes more Springer wells

Wells competed by Continental Resources Inc. last year reaffirmed the repeatability and growth potential of the Springer play in South Central Oklahoma Oil Province (SCOOP), said Harold G. Hamm, Continental chairman and chief executive officer. …read more Source: Oil Gas Journal   

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