Tuesday, December 24, 2024

Oklahoma Drillers Seek Efficiency Amid Stable Albeit Lower Prices

From the AP/San Francisco Chronicle OKLAHOMA CITY (AP) — Efficiency is the name of the game for Oklahoma drillers and out-of-state companies drilling wells in Oklahoma. Lessons learned during the two-and-a-half-year downturn have helped boost some oil and gas businesses. The rate of drilling has increased since December in several plays, with Oklahoma accounting for the second-highest rise, said energy

FERC Okays NEXUS Gas Pipeline over Property Owner Protests

From the Detroit News The Federal Energy Regulatory Commission has approved construction of a high-pressure pipeline that will carry natural gas from the shale fields of Appalachia, across northern Ohio and into Michigan and Canada, a decision likely to be the death blow to project opponents concerned about safety and property rights. The planned $2 billion NEXUS Gas Transmission project

Oklahoma is the Most Attractive Place for Oil and Gas Investment: Fraser

Rigs, Production in Anadarko Region Heading Up

SCOOP, STACK coming on The Anadarko Region, which was recently added to EIA’s Drilling Productivity Report (DPR), accounted for 437,000 BOPD and 4.9 Bcf/d of natural gas production in July 2017, according to an EIA release. Production in the region has increased in 2017, and the region accounted for 13% of all new wells drilled in the country in July 2017. With the inclusion

Hurricane Harvey Creates Major Disruption in Oil Markets

22% of GOM oil down, 26% of GOM gas down, 25% of Gulf refining offline Hurricane Harvey has made landfall, becoming a major disruption to the U.S. oil and gas industry. The Gulf Coast is the heart of U.S. oil refining, with most of the country’s refining capacity. According to Wells Fargo, about 25% of Gulf Coast refining capacity has