Texas cities would no longer be able to ban oil and gas companies from drilling inside municipal limits under a bill lawmakers sent to Governor Greg Abbott.
EOG Resources, the biggest shale-oil producer, will resume major growth in output once crude prices are stable at $65/bbl.
WPX Energy has signed an agreement to sell a package of Marcellus shale marketing contracts and release certain related firm transportation capacity to an undisclosed buyer for in excess of $200 million cash.
Natural gas futures jumped to a five-week high in New York after an EIA report showed that U.S. stockpiles expanded by less than forecast last week.
ConocoPhillips, the third-largest U.S. energy producer, reported a loss as the pace of spending cuts failed to keep up with falling prices after the worst oil crash since 2009.
Statoil ASA adjusted profit beat estimates in the first quarter on trading and refining as it wrote down the value of mainly U.S. shale assets by $6.1 billion amid plunging crude prices.
Will Scargill, GlobalData’s Senior Analyst covering Upstream Fiscal & Regulatory Regimes, says: “With the UK’s General Election just over a week away, the policy outlooks for the country’s offshore and onshore oil and gas industries are poles apart. Over the past two years, significant incentives have been offered to both onshore and offshore operations. Regulatory barriers have been removed and a new allowance was introduced in 2014 to stimulate onshore unconventional development, while the government has recently introduced changes to mitigate the impact of lower oil prices on North Sea operations. However, while further incentives for the North Sea are likely whatever the outcome of the election, policies towards the unconventional sector will depend on the makeup of the next government.
LoneStar Energy Fabrication (LSEF) recently completed work on the $5.1-billion Big Foot drilling platform that is now ready to begin drilling in the Gulf of Mexico.
As U.S. producers slashed spending, idled rigs, withheld completions, and neared the ceiling on domestic storage capacity, OPEC generally maintained its high production in the first quarter.
The Texas Railroad Commission has initiated proceedings requiring the operators of two disposal wells in the area of Azle, Texas, to show cause why the injection permits for the wells should not be cancelled due to an alleged connection raised by new seismic research.
Oil needs to recover to $65/bbl for U.S. drillers to tap a pent-up supply locked in shale wells and unleash more crude on markets than is produced by Libya.
CALGARY (Bloomberg) -- Oil fracing companies seeking to improve their image and pull in a little extra cash are turning their waste water into clean geothermal power.
The U. S. Geological Survey (USGS) has released a report that outlines a preliminary set of models to forecast how hazardous ground shaking could be in the areas where sharp increases in seismicity have been recorded.
Think the U.S. is awash in crude now? Thank the fracklog that it’s not worse.
The U.S. can wait to lift the ban on crude exports because slowing production will give refiners time to handle the type of oil produced in shale plays, Energy Information Administration chief Adam Sieminski said.
ShaleTech Canada opened in the Tellus Conference Centre in Calgary with speakers emphasizing export of Canadian resources and know-how, with Canada playing an important role in the North America energy Renaissance.
Statoil has awarded a major carbon dioxide (CO2) supply and service contract to Denver-based Ferus LP, a provider of energized fluids (liquid CO2 and liquid nitrogen) to the North American oil and gas industry.
With OPEC ceding control for the first time since the 1980s, U.S. shale oil has been anointed the world’s new 'swing producer' by everyone from ConocoPhillips and Goldman Sachs Group to former Fed Chairman Alan Greenspan.
WASHINGTON, D.C. -- Secretary of the Interior Sally Jewell has announced that the Bureau of Land Management will open a public dialogue on potential changes to federal onshore oil and gas regulations. The changes concern increasing oil and gas royalty rates, rental payments, lease sale minimum bids, civil penalty caps and financial assurances.
U.S. Sen. Lisa Murkowski, R-Alaska, drew attention to the potential impact that ending sanctions against Iran could have on U.S. production if the outdated prohibition on exporting domestic crude oil is not also lifted.