Archives August 2015

Aug
13
2015

MarkWest, EMG to develop 2-bcfd Utica dry gas gathering system

MarkWest Energy Partners LP and The Energy & Minerals Group (EMG) are developing a new 2-bcfd dry gas gathering system in the Utica Shale. A fee-based contract with Ascent Resources – Utica LLC, a subsidiary of Ascent Resources LLC will underpin the system, dedicating roughly 100,000 gross acres in northern Belmont and Jefferson counties, Ohio. […]

Aug
13
2015

Recompletions double Energy XXI field output

Energy XXI said a recompletion program has more than doubled production of South Pass 78 oil field offshore Louisiana. …read more Source: Oil Gas Journal   

Aug
13
2015

Third Te Giac Trang platform starts flow

SOCO reported the start of oil and natural gas production from the third wellhead platform (WHP) on the H5 fault block of Te Giac Trang field on Block 16-1 offshore Vietnam. …read more Source: Oil Gas Journal   

Aug
12
2015

IEA: Long, circuitous rebalancing of oil market begins

In its August Oil Market Report the International Energy Agency’s forecast shows stronger-than-anticipated global oil demand and non-OPEC supply growth swinging into contraction next year. …read more Source: Oil Gas Journal   

Aug
12
2015

FGE: US unconventional industry shows resilence as OPEC reacts to shale production and prices

What does not kill you will make you stronger: the story of US shale. Or, so Nietzsche would say if he was still around. …read more Source: Oil Gas Journal   

Aug
12
2015

CERI: Lower demand, prices may trim near-term oil sands spending

Lower crude oil prices and reduced demand resulting from a global economic downturn could reduce Canadian oil sands capital expenditures through 2017, the Canadian Energy Research Institute said. Production and capital outlays still are expected to increase well into the future, it emphasized in its latest Oil Sands Supply Update. …read more Source: Oil Gas […]

Aug
12
2015

Study estimates impacts if Delaware River basin fracing bans were lifted

Up to 4,000 more natural gas wells on 500-1,000 well pads within the Delaware River basin could be drilled if hydraulic fracturing moratoriums there and in New York state were lifted, a CNA Corp. report estimated on Aug. 11. …read more Source: Oil Gas Journal   

Aug
12
2015

WPX plans to resume Williston basin completions, boost rig count

WPX Energy of Tulsa cited lower well costs and a 25% increase in estimated ultimate recovery rates as it vowed to increase its activity in the Williston basin during the second half by resuming completions and increasing its rig count to three from one rig by Dec. 31. …read more Source: Oil Gas Journal   

Aug
12
2015

North Dakota tentatively approves higher level of radioactivity in oil waste

The North Dakota State Health Council voted unanimously Aug. 11 to adopt rules that would permit waste, including oil field waste, containing radioactivity levels of up to 50 picocuries/g of technologically enhanced radioactive material to be disposed at approved landfills. …read more Source: Oil Gas Journal   

Aug
11
2015

EIA: US crude output declines to continue through mid-2016

Total US crude oil production declined 100,000 b/d in July compared with June, and is expected to continue decreasing through mid-2016 before growth resumes late in 2016, according to the US Energy Information Administration’s most recent Short-Term Energy Outlook (STEO). …read more Source: Oil Gas Journal   

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