Drilling

Oil

Bankruptcy for Canadian driller with Eagle Ford presence

Source: 
FuelFix

GasFrac -– a Canadian company that was seeking to capitalize on pioneering waterless fracking technology -– has filed for bankruptcy protection in courts on both sides of the border, FuelFix reports.

Oil

Oil rig count falls by 61, biggest drop in 24 years

Source: 
FuelFix

Baker Hughes reported that 61 oil rigs were idled last week – nearly half of them in Texas – which represented the biggest drop in a seven-day period since 1991, according to FuelFix. 

Oil

Obama administration sued over Gulf of Mexico fracking info

GAINESVILLE, Fla. (AP) — An environmental advocacy group sued the Obama administration in federal court on Thursday for refusing to release documents detailing the extent of fracking in the Gulf of Mexico.

The Center for Biological Diversity filed the lawsuit in U.S District Court in Washington, saying the Bureau of Ocean Energy Management has refused to comply with the group's federal public records request seeking more information about how often oil companies are using the technique in Gulf waters.

Oil

Winter weather affecting Permian production

Source: 
The Wall Street Journal

Energen Corp. has joined Pioneer Natural Resources Co. in saying that its production in the Permian basin has been reduced because of winter storms and cold temperatures, The Wall Street Journal reports.

Oil

Low oil prices finally hitting rig count

Source: 
The New York Times

Oil prices dropping by more than 50 percent over the past six months has had little impact on rig count, until now, as contract company Helmerich & Payne has announced its rig operations will be cut by some 20 percent in a matter of weeks, The New York Times reports.

Oil

Chevron hits more deepwater oil in Gulf

Source: 
The Times-Picayune

Chevron announced Tuesday it has found oil at Anchor prospect, the second time in less than a year that the company has discovered significant quantities in Gulf of Mexico drilling, The Times-Picayune reports.

Oil

2012 Kulluk grounding put under the microscope

Source: 
The New York Times

The New York Times delves into details of the 2012 grounding of the Kulluk and the background for Shell’s Arctic woes.

Lawmakers promise to help strapped oil-patch towns

BILLINGS, Mont. (AP) — Relief could be on the horizon for strapped public services in the Northern Plains' booming oil patch, as elected leaders in Montana and North Dakota move to steer more money into the region during the states' upcoming legislative sessions.

Tens of thousands of workers have been drawn to the region's shale oil boom in recent years. Their arrival has brought increased demands for services ranging from roads and sewage treatment to affordable housing.

Oil

Texas crude production up in October despite price crunch

Source: 
FuelFix

According to preliminary data from the Texas Railroad Commission, drillers in the state produced 2.21 million barrels of crude a day in October, a 26 percent jump from the period a year earlier despite the slide in prices since June, although the Commission also noted that recent figures from Baker Hughes show a decline in rig count, FuelFix reports.

Oil

BOEM was talking to Shell about Arctic drilling

Source: 
FuelFix

Officials from the Bureau of Ocean Energy Management met with Shell representatives at least three times last spring, months ahead of the company submitting its 2015 drilling plans, according to documents Greenpeace obtained through a Freedom of Information Act request, FuelFix reports.

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