Drilling

Oil

Major oil companies see less payoff from high exploration costs

Source: 
The Wall Street Journal

Big spending on big exploration projects is hitting the bottom line of the world's three big oil companies, The Wall Street Journal reports.

Oil

ND moving to give citizens input about drilling locations

Source: 
The Wall Street Journal

North Dakota is poised to give citizens more say over places where oil drilling can take place, offering more protection to sites of historic interest, The Wall Street Journal reports.

Oil

Eagle Ford: Sanchez Energy production soaring

Source: 
FuelFix

Sanchez Energy produced seven times more oil last year than in 2012 in the Eagle Ford Shale, and could double the number of wells it's pumping from by the end of this year, FuelFix reports.

Oil

Oilfield services scramble to efficiently deploy fracking gear

Source: 
FuelFix

Oilfield services companies, many faced with a surplus of fracking gear, are moving pumps and other equipment around the country to get them best placed to be used, FuelFix reports.

Oil

March opening for last summer's sealed Gulf bids: Interior

Source: 
FuelFix

Interior Secretary Sally Jewell has decided that sealed bids submitted last summer for offshore drilling leases on the boundary between the U.S. and Mexico will be opened alongside bids made during a new lease sale in March, FuelFix reports.

Oil

US rig count stable, remains this week at 1,777

HOUSTON (AP) — Oilfield services company Baker Hughes Inc. says the number of rigs exploring for oil and natural gas in the U.S. remained unchanged this week at 1,777.

The Houston firm said in its weekly report Friday that 1,416 rigs were exploring for oil and 356 for gas. Five were listed as miscellaneous. A year ago there were 1,753 active rigs.

Of the major oil- and gas-producing states, Kansas and New Mexico each gained two rigs while Colorado, Louisiana, North Dakota and Oklahoma rose by one each.

Oil

UK offers more offshore leases

Source: 
Platts

Britain is selling offshore oil and gas leases again, the country's Energy Minister Michael Fallon declaring "there could be as many as 20 billion barrels of oil still buried deep within the seabed," Platts reports.

Oil

Begich: Arctic drilling this summer despite court ruling

Source: 
FuelFix

Sen. Mark Begich, D-Alaska, says he's "optimistic" that oil exploration can be done safely in the Arctic this summer, despite a court ruling that dismissed regulators' assessment of the environmental impact of drilling in the Chukchi Sea, FuelFix reports.

Oil

Enviros want pause on Arctic drilling push after court ruling

ANCHORAGE, Alaska (AP) — A federal appeals court Wednesday ruled in favor of environmental groups that claimed the U.S. government conducted a flawed environmental review before selling $2.7 billion in petroleum leases off Alaska's northwest coast in 2008.

The lawsuit had been filed by 15 environmental or Alaska Native groups, who called for an immediate suspension of drilling until a more adequate assessment is completed on drilling's possible effects on polar bears, walrus, ice seals, endangered whales and coastlines used by Alaska Native subsistence hunters.

"President Obama now has the chance to do right by the Arctic and the planet by keeping oil drilling out of the Chukchi Sea," said Earthjustice attorney Eric Grafe, who represented the groups, in a prepared statement. "It makes no sense to open up the fragile, irreplaceable, and already melting Arctic Ocean to risky drilling for dirty oil that will only exacerbate climate change already wreaking havoc on the Arctic and elsewhere."

Oil

Judges say Arctic offshore lease sale was flawed

ANCHORAGE, Alaska (AP) — A U.S. appeals court has ruled that federal regulators conducted inadequate environmental studies before selling $2.7 billion in petroleum leases off Alaska's northwest coast.

The decision could affect leases acquired in 2008 by Royal Dutch Shell in the Chukchi Sea. The company is considering additional exploratory drilling there this year.

A three-member panel of the 9th Circuit Court of Appeals ruled in a split decision Wednesday that U.S. regulators prepared an environmental assessment based on recovery of just one billion barrels of oil.

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