Saturday, January 4, 2025

Regulators Reduce Offshore Drilling, Onshore Fracing Rules

Offshore rule amendments would save $228 million – BSEE The Trump administration is fulfilling its promise to reduce oil and gas regulation, rolling back offshore and onshore rules. The Bureau of Safety and Environmental Enforcement is considering revising the Production Safety Systems Regulations, regulations concerning offshore operations passed late last year. These rules require operators to use third parties to

U.S. Drilling Closes the Year Up 41%

One land, one offshore rig comes offline Drilling activity declined slightly this week, the fifth week of minor changes in Baker Hughes’ Weekly Rig Count. Two rigs shut down, bringing the total number of active rigs to 929. Land and offshore rigs each decreased by one, so there are now 909, 2 and 18 land, inland waters and offshore rigs

Blackbird Energy Announces Q1 2018 Results

Blackbird Energy (ticker: BBI) has released its financial and operational results for the quarter ended October 31, 2017, Q1 2018 in Blackbird’s financial calendar. Highlights Q1 2018 Production: While on production during the quarter, Blackbird produced 5.6 MMcf/d of natural gas, 863 bbls/d of condensate and 80 bbls/d of NGLs for total production of 1,876 BOEPD. During the three months