Drilling

Oil

US rig count up 7 to 1,771

HOUSTON (AP) — Oilfield services company Baker Hughes Inc. says the number of rigs exploring for oil and natural gas in the U.S. increased by seven this week to 1,771.

The Houston firm said in its weekly report Friday that 1,425 rigs were exploring for oil and 342 for gas. Four were listed as miscellaneous. A year ago there were 1,761 active rigs.

Oil

Exxon chief part of suit against water tower for fracking

Source: 
The Wall Street Journal

Exxon Mobil CEO Rex Tillerson is a party in a lawsuit with his neighbors against a water tower near his Dallas-area home that would provide water for hydraulic fracturing, The Wall Street Journal reports.

Oil

Musician James Taylor in NC anti-fracking TV ad

RALEIGH, North Carolina (AP) — James Taylor still has Carolina in his mind these days.

The singer-songwriter is starring in a television ad for an environmental group urging North Carolinians to challenge efforts to allow natural gas exploration through hydraulic fracturing in the state where he grew up.

The Natural Resources Defense Council said the ad began running Thursday. A group spokesman would not give a price on the ad buy but said it would run for at least two weeks.

Oil

Drug gangs may be blocking potential fracking boom in Mexico

Source: 
Quartz

U.S. fracking operators may be discouraged from setting up shop in the Mexico's shale-rich states by the lawlessness and violence of Mexican drug cartels, Quartz reports.

Oil

Kosmos: 1st well offshore Morocco coming in March

Source: 
Platts

Kosmos Energy hopes to tap into oil off the coast of Morocco, with the company's first well there to be drilled within weeks, a company official told Platts in London.

Oil

Pemex CEO: Company could get joint ventures going this year

Source: 
Bloomberg

The CEO of Mexico's state-owned oil company told Bloomberg that Petroleos Mexicanos could get its joint ventures going later this year, with hopes they can increase production out of mature fields.

Oil

Texas fracking could bring on mid-century water shortage

Source: 
FuelFix

Fracking could trigger a water shortage in Texas by 2060 unless oil and gas drillers change their practices and recycle more, FuelFix reports.

Oil

Rent in ND oil boom city of Williston exceeds NY, LA

WILLISTON, N.D. (AP) — The rapidly growing North Dakota oil patch city of Williston has the highest average rent in the United States, a national study from an apartment renting guide shows.

A 700-square-foot, one-bedroom apartment in Williston costs an average of $2,394 a month, according to Apartment Guide, an online website for apartment hunters. The same apartment would cost $1,504 in the New York area, $1,411 in the Los Angeles area or $1,537 in the Boston area, the Williston Herald reported.

Oil

Ecuador's new oil push inflaming domestic tensions

Source: 
The Washington Post

Ecuador's hunt for new oil sources has created tribal tensions and is encroaching on an ecologically delicate national park, The Washington Post reports.

Oil

Statoil predicts cuts in conventional oil exploration investment

Source: 
Reuters

Battered by recent failures, major companies will continue cutting back their hunt for new oil reserves, the head of the exploration division of Norway's Statoil told Reuters.

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