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Regional News: United States

 
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Oil Spin-Off Stocks Could Face Longer Road to Recovery
Wednesday, December 24, 2014 As falling oil prices have ripped through energy stocks this year, five U.S. corporate spin-offs in the sector have not escaped the share price carnage and face a tougher road to recovery than more-established companies.

Enbridge Oil Spill Settlement is $6.25M, Not $6.75M
Wednesday, December 24, 2014 A settlement over a 2010 oil spill in southwestern Michigan is worth $6.25 million, not $6.75 million as lawyers reported earlier in December.

Oil Slides, Brent Tests $60 As Data Shows Glut Building
Wednesday, December 24, 2014 Global oil markets fell again on Wednesday in holiday-thin trade.

Top Rigzone Career Tips for 2014
Wednesday, December 24, 2014 Rigzone compiles its top career-related tips for 2014.

Oil Up on Stronger-Than-Expected U.S. GDP Growth Data
Tuesday, December 23, 2014 Oil rises by more than $2 a barrel, rallying for a second time in three days, after data showing the fastest rate of U.S. economic growth in 11 years bolstered expectations for crude demand.

  



Vantage Energy Fined Nearly $1M for Environmental Violations
Tuesday, December 23, 2014 Pennsylvania's Department of Environmental Protection (DEP) imposes a $999,900 fine on Vantage Energy, one of the largest given to a driller by DEP this year, for several environmental regulations violations.

Top Education/Training Articles for 2014
Tuesday, December 23, 2014 Rigzone compiles its top career-related articles for 2014.

Statoil to Reduce Stake in U.S. Shale Formation, Realizes $394M
Tuesday, December 23, 2014 Statoil agrees to reduce its working interest in the non-operated Marcellus shale formation in the US following a $394-million deal with Southwestern Energy.

State:Texas Oil and Gas Drilling Permits Fall 50 Percent in November
Tuesday, December 23, 2014 Texas, the top oil-producing U.S. state, issues roughly half as many drilling permits in November as in October, as oil and gas producers scale back with the steep decline in crude prices since summer.

US Municipalities Differ on Approach to Fracking, Despite Benefits
Monday, December 22, 2014 Hydraulic fracturing has occasionally resulted in voter action in the US, but better communication and more information could lessen discord, according to the oil and gas industry.

Continental Revises 2015 CAPEX Budget
Monday, December 22, 2014 Continental Resources revises its 2015 non-acquisition capital expenditures budget in light of lower oil commodity prices.

Oil Slides as Saudi Naimi Tells Market to Forget OPEC Cuts
Monday, December 22, 2014 Oil prices resume their downward march, doubling back on the biggest one-day gain in over two years, after Saudi Arabia's powerful oil minister said OPEC would not cut production at any price.

Oil Companies Seen Cutting Spending 25 Percent in 2015 Due to Falling Crude
Monday, December 22, 2014 Plunging oil prices will prompt energy companies to cut investments in new projects by 25 percent or more in 2015, analysts say, as firms try to stay cash-flow positive and keep debt in check.

IMF Says Drop in Oil Prices to Persist, Help Global Growth
Monday, December 22, 2014 The recent drop in oil prices should persist, helping to boost global economic activity by up to 0.7 percentage points next year, two senior IMF economists write in a blog.

NY Farmers Lament Lost Opportunity for Gas Riches
Monday, December 22, 2014 While environmental groups are doing a victory dance over New York's decision to ban fracking, farmers such as apple grower David Johnson are grieving for dashed hopes and dreams.

Whiting's Proven Oil-Equivalent Reserves Up About a Third in 2014
Monday, December 22, 2014 Whiting Petroleum Corp says its proven reserves of oil equivalent have jumped nearly a third over the past year, thanks largely to its buyout earlier this month of rival Kodiak Oil & Gas.

Oil Jumps 5% Second Time In Week On Short-Covering
Friday, December 19, 2014 Oil prices jump more than 5% for a second time in a week as short-covering alleviated pressure in a market dominated by sellers the past six months.

New York Commission Will Recommend Banning Fracturing
Friday, December 19, 2014 New York, which is a net importer of energy, could be a part of the solution to its energy problems by following the lead of its neighboring states Pennsylvania, West Virginia and Ohio.

University of Colorado's GEM Program Prepares for the 'Big Crew Change'
Friday, December 19, 2014 CU offers its GEM Program for energy industry workers wishing to enhance their careers while obtaining a Master of Science degree.

Two Killed, Three Hurt In Oklahoma Oil Rig Explosion
Friday, December 19, 2014 An explosion and fire at a southeastern Oklahoma oil rig early Friday killed two workers and injured three others, two of them critically.

Exec: Bakken Rail Loading Available Today, Will Be Vital Tomorrow
Friday, December 19, 2014 Crude oil export options are expanding and diversifying for Bakken producers.

Halliburton CEO: Restructuring Possible as 2015 Looks to Be 'Tough Year'
Friday, December 19, 2014 Halliburton may further restructure its operations as 2015 looks to be "tough year" for oil and gas industry.

Report: Only Three out of Four IOCs Generating Enough Free Cash at $60/bbl
Friday, December 19, 2014 IOCs will need to cut spending by $170 billion in 2015 in order to keep net debt flat at $60/barrel, according to a Wood Mackenzie report.

Baker Hughes: US Oil Drillers Cut Rigs, Lowest Since May
Friday, December 19, 2014 The number of rigs drilling for oil in the United States fell by 10 this week as low crude prices continued to threaten energy company revenues.

Report: Texas Could Face 2.7 Trillion Gallon Water Shortfall by 2060
Friday, December 19, 2014 The state of Texas could face a water shortfall of 2.7 trillion gallons by 2060, according to a recent report by Texas A&M University's Mosbacher Institute.

In North Dakota, Countdown Looms For $5.3 Billion Oil Tax Break
Friday, December 19, 2014 Tumbling US oil markets hit an important if obscure milestone Thursday, closing for the first time at a price that could trigger a $5.3B, 2-year tax break for North Dakota oil drillers.

Few Big US Land Drillers Set To Ride Out Oil Downturn As Winners
Thursday, December 18, 2014 Large US onshore drilling firms that operate new, faster rigs are best placed to weather the looming downturn brought by slumping crude prices.

Oil Tumbles After Brief Rebound; Brent Back Below $60
Thursday, December 18, 2014 Global crude oil prices slump anew, a day after a short-covering rally, as traders place fresh bets that the market will resume a six-month rout on worries about a supply glut.

EIA, Analyst: US Crude Production Strong, Despite Rig Count Decline
Thursday, December 18, 2014 A drop in rig counts as crude oil prices weaken does not have to translate into a drop in production, analyst says.

Most North America Shale Plays Still Profitable at $65/Barrel
Thursday, December 18, 2014 Most North America shale plays should remain profitable at $65/barrel, an industry expert tells Rigzone.

Rose is Granted Utah Drilling Permit
Thursday, December 18, 2014 Rose Petroleum is granted a drilling permit by the State of Utah ahead of the start of operations at its Mancos Well in the Uinta Basin.

Legal Standing May Be Key To Nebraska Court's Keystone XL Case
Thursday, December 18, 2014 The controversial Keystone XL pipeline has a major hurdle to cross in the Nebraska State Supreme Court, which may rule as soon as Friday, and one aspect of the case there has been somewhat overlooked.

New York Bans Fracking After Health Report
Wednesday, December 17, 2014 New York Governor Andrew Cuomo's administration says it will ban hydraulic fracturing in the state after a long-awaited report concluded that the gas-drilling method poses health risks.

Marathon Oil Cuts 2015 Capex 20% As Crude Tumbles
Wednesday, December 17, 2014 Marathon Oil says its capital expenditures will be about 20% lower next year due to the steep drop in crude oil prices.

Low Oil Prices to Slow, but Not Derail US Shale Boom
Wednesday, December 17, 2014 Lower oil prices will slow, but not derail US shale activity in 2015, industry experts say.

Oil Surges In About-Face As Some Bet Sub-$60 Brent Won't Last
Wednesday, December 17, 2014 World oil prices jump as much as 6% before closing off their peaks as weeks of nearly non-stop selling abruptly halt.

Brent Falls, Ends Below $60, US Crude Up Near $56
Tuesday, December 16, 2014 Brent crude futures fall for a fifth straight day to end below $60 a barrel while US crude finishes a volatile session slightly higher.

Report: $930B in Future Oil, Gas Investments at Risk from Low Oil Prices
Tuesday, December 16, 2014 Future oil and gas project investments of $930 billion could be at risk due to lower oil prices, according to a Goldman Sachs research note.

Obama Withdraws Alaska's Bristol Bay From Drilling
Tuesday, December 16, 2014 President Barack Obama announced that he's removing more than 52,000 square miles of waters off Alaska's coast from consideration for oil and gas exploration or drilling.

Oil Pipeline To Top US Senate Agenda Next Year
Tuesday, December 16, 2014 The Senate's first act in January will be approval of the Keystone XL pipeline, Republican leader Mitch McConnell says.

Keystone XL: Oil, Gas Industry Awaits Fate of the Pipeline's Final Phase
Tuesday, December 16, 2014 TransCanada, and the oil and gas industry, is hoping 2015 is the year that the Keystone XL pipeline project gets the go-ahead.

Enbridge's Midcoast Energy Partners Cuts Jobs As Nat Gas Volumes Decline
Monday, December 15, 2014 Enbridge's Midcoast Energy Partners business unit reduces workforce amid a drop in natural gas volumes in the pipeline.

US Jury Finds Apache Did Not Breach Contract With W&T Offshore
Monday, December 15, 2014 Apache was not in breach of contract in a lawsuit brought by W&T Offshore Inc in 2011, a federal jury found, according to a court filing.

Report: Shale Vulnerable to Short-Term Investment Cuts Versus Deepwater
Monday, December 15, 2014 Companies with flexible financing may choose US deepwater project investment opportunities over US shale in the near-term, according to a recent report.

Oil Falls Anew As OPEC Emergency Meet, Output Cut Ruled Out
Monday, December 15, 2014 Crude prices plunge further after OPEC once again says it will not cut oil output despite fears of a glut.

Kemp: Past Oil Price Slumps Show US Drillers' Inertia
Monday, December 15, 2014 The most important characteristic of the US oil industry is inertia - or to put it another way, drilling and production respond sluggishly even to a large change in prices, John Kemp says.

IEA: Slow Demand, Rising Supply Put Further Pressure On Oil Price
Friday, December 12, 2014 Oil prices are likely to come under further downward pressure, IEA says, as it cuts its outlook for demand growth in 2015 and predicts healthy non-OPEC supply gains will aggravate a global oil glut.

KPMG Analyst: Still Bullish about Oil, Gas Market Despite Crude Downturn
Friday, December 12, 2014 Crude oil prices will likely begin trending up again soon as OPEC constricts supply, an analyst said.

Oil Plunges 3% To New 5-Year Lows After Bearish IEA Outlook
Friday, December 12, 2014 Crude oil markets fall 3% or more to plumb new 5-year lows after the world's energy watchdog forecast even lower prices on weaker demand and larger supplies next year.

Halliburton to Lay Off 1,000 Eastern Hemisphere Employees
Thursday, December 11, 2014 Halliburton will lay off approximately 1,000 workers from its Eastern Hemisphere operations due to the current low-price market environment.

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