Archives September 2015

Sep
30
2015

Three blocks awarded in Mexico’s Round One second tender

Mexico’s National Hydrocarbons Commission (CNH) awarded three of five shallow-water blocks in its Round One second tender, a more successful auction than the first in July that received just 2 bids on 14 blocks. All five blocks are part of the Southeast basin in the Gulf of Mexico. …read more Source: Oil Gas Journal   

Sep
30
2015

Monitoring finds no harm to Marcellus water

The Susquehanna River Basin Commission (SRBC) said Marcellus shale development has not harmed water quality based on findings from its third report on water-quality conditions in select watersheds within SRBC. …read more Source: Oil Gas Journal   

Sep
30
2015

Pennsylvania revises draft of updates to state oil, gas regulations, final rules nearing completion

Updated revisions to Pennsylvania’s Chapter 78, which regulates oil and natural gas unconventional and conventional wells, were released during August by Department of Environmental Protection Secretary John Quigley and Deputy Secretary Scott Perry. …read more Source: Oil Gas Journal   

Sep
30
2015

Study estimates impacts if DRB, New York fracing bans were lifted

A nonpartisan analysis group estimates up to 4,000 more Marcellus natural gas wells on 500-1,000 pads could be drilled in the Delaware River Basin (DRB) if hydraulic fracturing moratoriums were lifted. …read more Source: Oil Gas Journal   

Sep
30
2015

IEA: Continued low oil prices slam brakes on US light, tight oil growth

A recent spiral in US light, sweet crude oil prices on the New York Mercantile Exchange to 6-year lows accompanied by a drilling slowdown across most unconventional plays was reflected in the International Energy Agency’s Monthly Oil Market Report, which forecast light, tight oil (LTO) production will contract. …read more Source: Oil Gas Journal   

Sep
30
2015

Wood Mackenzie: Eagle Ford oil, condensate production could hit 2 million b/d in 2020

Eagle Ford production growth remains resilient because sweet spots continue to emerge across all active subplays despite an activity slowdown caused by low oil and gas prices, said a Wood Mackenzie Ltd. key play analysis. …read more Source: Oil Gas Journal   

Sep
30
2015

Federal, state officials offering differing views of the ESA

The Endangered Species Act works best when state governments and local stakeholders are heavily involved, witnesses testifying before a US Senate Environment and Public Works subcommittee agreed. But they strongly differed on whether the 1973 law itself is still effective, or needs to be reformed. …read more Source: Oil Gas Journal   

Sep
30
2015

BLM seeks comment on proposed oil production measurement rule update

The US Bureau of Land Management is seeking public comments on a proposed rule that would update and replace its regulations governing the measurement of oil produced from onshore federal and Indian leases. …read more Source: Oil Gas Journal   

Sep
29
2015

Deepwater gulf well to start flow in 2017

Freeport-McMoRan Oil & Gas expects to start oil production in 2017 from its Horn Mountain Deep well, which will be tied back to the Horn Mountain truss spar in 5,500 ft of water offshore Louisiana. …read more Source: Oil Gas Journal   

Sep
29
2015

SPE ATCE: Decision quality key to improving multicompany project results

Highlights of a draft technical report on the importance of decision quality in multicompany upstream projects was presented to the Society of Petroleum Engineers’ Annual Technology Conference & Expo (ATCE) in Houston. The goal of the report was to help operators work more seamlessly with joint-venture partners to mitigate cost overruns and schedule slippage by […]

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