Archive for April, 2015
American LNG exports could ‘weaken Russian stranglehold’ on Ukraine
Is Obama Administration prepared to significantly increase American LNG exports? These days there doesn’t seem to be many things Democrats and Republicans can agree on, but after a recent bipartisan Congressional Delegation trip to Ukraine, we came back in agreement on one thing: More American LNG exports. Visiting Kiev, and speaking with Ukraine’s leaders it […]
Top 100 American oil and gas fields released in new study
Some American oil and gas fields may be uneconomic at much lower average price in 2015 The top 100 American oil and gas fields accounted for far and away the majority of production in 2014, according to a new report from the Energy Information Administration. The top 100 oil fields in the United States accounted for […]
Precision Drilling Q1 profit plunges 76%, revenue declines 24%
Precision Drilling to maintain dividend at 7 cents per share North American demand for drilling services failed to meet “even the most pessimistic forecasts” in the first quarter and it’s going to take much higher oil prices for it to pick up again, the CEO of Precision Drilling Corp. said Monday. “While oil prices have […]
Texas space race: Internet billionaires vie for the skies
PayPal, Amazon founders in Texas space race An isolated edge of vast West Texas is home to a highly secretive part of the 21st-century space race, one of two being directed in the Lone Star State by Internet billionaires whose personalities and corporate strategies seem worlds apart. The presence of Blue Origin, LLC, the brainchild of […]
Azle disposal wells subject of show cause hearing investigating earthquakes
XTO Energy, Enervest Operating will defend their Azle area operating permits A recent study linking strong earthquakes near Azle to waste water disposal wells has caused the Texas Railroad Commission to summon two producers to a show cause hearing in June. On Friday the Commission directed its Hearings Division to initiate proceedings requiring the operators of […]
Russian oilpatch ignores rights, environment: aboriginal leader
Greenpeace estimates spills in Russian oilpatch amount to six million tonnes per year When you live in the middle of the Russian oilpatch, even the fish smell, says an aboriginal leader from that country. “The fish are smelling like oil and the water in the rivers, it’s undrinkable,” said Nikolay Rochev, the head of Izvatas, […]
Railroad Commission hosts public hearing into Azle earthquakes
3.6 magnitude earthquakes were felt above ground, says Railroad Commission The Texas Railroad Commission says it is taking steps to address concerns after a study published in science journal Nature Communications confirmed recent earthquakes near Azle were caused by waste water disposal wells. RRC Commissioner Ryan Sitton Thursday directed Commission staff to work with seismic researchers at […]
North American rig count drops again this week
North American rig count down 23 for week ending April 24 Baker Hughes reports the North American rig count has declined by 23 this week and in the US, rig counts are down by 22. A total of 1011 rigs were operational in North America, 932 in the US, 33 in the Gulf of Mexico […]
Paraffin build up prevented by invention from Univ. of Texas
Eliminating paraffin and wax in tubing strings could lower production costs significantly Wax and paraffin build up in mature oil wells could become a thing of the past, thanks to an invention from University of Texas Austin researchers. Petroleum and Geosystems Engineering Prof. Mukul Sharma, along with Drs. Raymond Zowarka, Jr. and Siddharth Pratap in UT’s […]
Divestment movement doesn’t affect actual investment decisions
IPAA says divestment movement is “just a media campaign” The head of independent American oil and gas producers says the much touted divestment movement from fossil fuels has no measurable impact on actual investors, according to a new survey. New research commissioned by the Independent Petroleum Association of America (IPAA) and released at IPAA’s annual […]
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