Regional News: United States
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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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
Falling Oil Prices Raise New Concerns For States
Thursday, December 11, 2014 Plummeting oil prices may add a little jingle in the pockets of holiday shoppers and travelers but are raising financial worries in some states that had been tapping into surging oil tax revenues.
You've Discovered Oil and Gas, Now Go Discover Your Data
Thursday, December 11, 2014 The Digital Oil Field (DOF) has been a major area of investment for all the majors and a fair few others since the mid part of last decade.
US Crude Crashes Below $60 As 6-Month Oil Rout Continues
Thursday, December 11, 2014 US crude falls below $60 a barrel, the first time in five years that it breached the psychologically-important support.
Goodrich, Oasis Petroleum Cut Spending For 2015 As Oil Slides
Wednesday, December 10, 2014 Goodrich Petroleum and Oasis Petroleum expect to spend much less on exploration and production next year, joining a list of US oil and gas companies cutting capital spending as oil prices plunge.
Oil Crashes 5%, Nears $60 On Weak US Demand, Saudi Inaction
Wednesday, December 10, 2014 Oil prices tumble as much as 5%, pushing US crude to 5-year lows near $60 a barrel after data showed a spike in US inventories and Saudi Arabia's oil minister reiterated that he has no plans to cut output.
Oil Up After 5-Year Low In Brent; Traders Wary Of More Downside
Tuesday, December 09, 2014 Brent oil prices end higher after touching a 5-year low and following five straight days of losses.
Trident, Harrison Truck Centers Team Up to Reduce Bakken Flaring
Tuesday, December 09, 2014 Freight trucks are partnering with a natural gas containment company to reduce flaring in the Bakken.
Exxon Sees Abundant Oil, Gas Far Into Future
Tuesday, December 09, 2014 North America will be supplying the world with oil and other liquid hydrocarbons by the end of this decade, according to ExxonMobil's annual long-term energy forecast.
Study Finds Methane Emissions Lower than Previous Studies
Tuesday, December 09, 2014 The level of methane emissions generated by hydraulic fracturing and shale gas production in the United States have declined, according to a recent study.
US Government Cuts 2015 Domestic Oil Production Forecast
Tuesday, December 09, 2014 The US government cuts its forecast for domestic oil production growth in 2015 by about 100,000 barrels per day and trimmed its forecast for global oil demand growth next year by 240,000 bpd.
Noble In $12.2M Settlement With DOJ Over Alaska Drilling
Monday, December 08, 2014 Noble Corp. says it paid $12.2 million to settle felony charges by the US Department of Justice related to safety, environmental and record keeping violations on vessels in Arctic waters in 2012.
Oil Dives 4% To Five-Year Low As Selling Snowballs
Monday, December 08, 2014 Oil dives 4% to new 5-year lows, as Wall Street expectations of a deeper price slump next year and a Kuwaiti prediction for $65 crude set off one of the biggest declines this year.
Kemp: Watching For A Drilling Slowdown In North Dakota
Monday, December 08, 2014 In the next few months, everyone in the oil market will be intently watching the volume of new drilling activity in the US shale plays, says analyst John Kemp.
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