Drilling

Oil

Hess shows off upgraded Tioga gas plant

TIOGA, N.D. (AP) — Oil conglomerate Hess Corp. on Monday showed off its upgraded gas plant in Tioga to North Dakota officials.

Hess Chief Operating Officer Greg Hill said the upgrades have allowed it to increase how much natural gas it captures, rather than flaring it. Oil companies sometimes burn off natural gas where it's found, rather than gathering it and processing it for the market, because they lack the infrastructure to handle it.

Hill said that since the upgrades, Hess has reduced natural gas flaring from between 25 and 30 percent to between 15 and 20 percent. The company expects to reduce its flaring in North Dakota to below 10 percent in coming years.

Oil

Hoeven hails expanded ND gas processing plant

Source: 
Platts

The enlarged Hess facility to process natural gas from the Bakken Shale in North Dakota that would have been flared in the past is an example of “taking a challenge and turning it into an opportunity,” Sen. John Hoeven, R-N.D., told Platts.

Oil

Energy firms look to drones to monitor pipelines, drilling platforms

Source: 
The Hill

Energy companies are examining upcoming unmanned aerial vehicle regulations with an eye toward using drones to monitor pipelines, drilling platforms and other places that are hard to reach, The Hill reports.

Oil

Exxon’s Imperial eyes deep Arctic well

Source: 
The Wall Street Journal

Imperial Oil Ltd., Exxon’s Canadian subsidiary, is looking at a proposal to drill the deepest well ever in the Arctic, The Wall Street Journal reports, noting that the plans have alarmed environmentalists.

Oil

Feds reviewing plan for 5,000 new Wyoming wells

CHEYENNE, Wyo. (AP) — Federal land managers have begun evaluating a proposal to expand an east-central Wyoming oil and gas field with up to 5,000 new wells, asking for public comment on the project.

The Bureau of Land Management published a formal notice in the Federal Register on Friday that energy companies want to drill the wells over a 10-year period on more than 2,300 square miles in Converse County.

The area currently has about 1,100 active wells, the companies said in their proposal.

Oil

Pemex reserve replacement dropped in 2013 as field lab dismantled

Source: 
FuelFix

New reserves at Petroleos Mexicanos replaced only about two thirds of the oil the state-run company produced in 2013, a dramatic drop from the year before, according to regulatory filings, FuelFix reports.

Oil

William Keck II dies, grandson of Superior Oil founder

Source: 
Los Angeles Times

William Keck II, whose grandfather, William Keck Sr., helped found Superior Oil in the 1920s, has died in Los Angeles, age 72, the Los Angeles Times reports.

Oil

Chesapeake Energy continues with spin-off plans

OKLAHOMA CITY (AP) — Chesapeake Energy Corp. is following through on a previously announced plan to spin off its oilfield services business as part of a move to streamline its operation.

The Oklahoma City-based oil and natural gas company's shares slid at the start of trading Friday after it made the announcement.

Chesapeake said that the spinoff to Chesapeake shareholders should be completed next month and will eliminate about $1.1 billion in debt from its balance sheet. The company had said in February that it was considering the move.

Oil

Federal judge dismisses ND flaring lawsuits

BISMARCK, N.D. (AP) — A federal judge has dismissed lawsuits from several North Dakotans who claimed they are owed millions of dollars from oil drilling companies that are burning and wasting natural gas instead of capturing it.

U.S. District Judge Daniel Hovland's ruling, filed Wednesday, said the federal government lacks jurisdiction in the cases because the mineral owners did not "exhaust administrative remedies" with state regulators.

Oil

US rig count up 6 to 1,861

HOUSTON (AP) — Oilfield services company Baker Hughes Inc. says the number of rigs exploring for oil and natural gas in the U.S. rose by six this week to 1,861.

The Houston firm said in its weekly report Friday that 1,531 rigs were exploring for oil and 326 for gas. Four were listed as miscellaneous. A year ago there were 1,769 active rigs.

Of the major oil- and gas-producing states, California gained eight rigs, Ohio increased by four, Oklahoma by three, Pennsylvania by two and Kansas one.

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