Drilling

Oil

Michigan bars indicted energy companies from auctions

LANSING, Mich. (AP) — The Michigan Department of Natural Resources has barred two energy companies under criminal indictment from participating in oil and gas lease auctions.

DNR Director Keith Creagh says Chesapeake Energy Corp. and Encana Corp. can't participate in auctions until Michigan charges against them are resolved. The state also won't execute Encana's pending lease and will refund the company's money.

Oil

ConocoPhillips Eagle Ford resources to 2.5B barrels

Source: 
The Wall Street Journal

ConocoPhillips, which has been streamlining to focus on profitable core operations, says it has upped its reserves in the Eagle Ford shale by 40 percent to 2.5 billion barrels, The Wall Street Journal reports.

Oil

Data startup Tachyus to provide apps for oil and gas industry

Source: 
The New York Times

Tachyus, a startup aimed at providing improved data analysis from the field for the oil and gas industry using sensors and mobile applications, is announcing it has raised $6 million from a group of backers, The New York Times reports.

Oil

North Dakota rules target oilfield waste dumping

BISMARCK, N.D. (AP) — North Dakota's oil industry is backing new rules intended to crack down on the illegal dumping of radioactive oil filter socks, the tubular nets that strain liquids during the oil production process.

"Our members have committed to protecting our resources," said Kari Cutting, vice president of the North Dakota Petroleum Council, which represents more than 500 companies working in the state's oil patch. "The industry wants to see an end to illegal dumping, too."

Oil

Wash Post revisits Koch Industries Canadian oil sands leases

Source: 
The Washington Post

The Washington Post, in re-examining Canadian oil sands leases, has clarified that Koch Industries has the biggest U.S. presence in the region, but that two Canadian firms may have slightly larger territory.

Oil

Oil company fined for failing to report production

ARTESIA, N.M. (AP) — The federal government is fining an Artesia oil man more than $700,000 for failing to submit reports on production on its federal leases in New Mexico.

The Department of the Interior's Office of Natural Resources Revenue said Tuesday it has assessed Louis Fulton, doing business as C.F.M. Oil Company , a $717,136 civil penalty.

Oil

Statoil working to cut carbon emissions from oil sands oil processing

Source: 
Bloomberg

Norway's Statoil is looking to new technology to cut its carbon dioxide emissions from processing Canadian oil sands, with a goal of reducing them by 20 percent in a six-year-period, Bloomberg reports.

Oil

La. levee board lawyers willing to change fee contract in major lawsuit

NEW ORLEANS (AP) — Lawyers for a south Louisiana flood control board say they'll change their contingency fee contract in a suit accusing 97 oil and gas companies of contributing to coastal erosion if the companies will pay them as part of a settlement.

The lawsuit, which Gov. Bobby Jindal opposes, seeks to hold the industry accountable for damage done by dredging for pipelines and canals and other activity in fragile coastal wetlands.

Shell photo
Oil

Interior prepares to propose Arctic Drilling Rule

Bureau of Safety and Environmental Enforcement Director Brian Salerno on Tuesday said the Interior Department is getting ready to unveil its new offshore Arctic oil and gas drilling safety rule.

In a blog post, Salerno said BSEE has been working with the Interior Department's offshore leasing arm, the Bureau of Ocean Energy Management, to develop the new Arctic Drilling Rule. The department had hoped to make the proposal public by the end of 2013, but pushed back its release in part because of the government shutdown last October.

Oil

Energy firms want role in next phase of Pa. shale case

HARRISBURG, Pa. (AP) — The energy industry wants a Pennsylvania court to let it play a formal role in sorting out the loose ends after a landmark court decision on a new state law designed to modernize oil and gas drilling regulations.

A Wednesday hearing is scheduled in Commonwealth Court over the request to intervene by the Pennsylvania Independent Oil and Gas Association, the Marcellus Shale Coalition and the American Petroleum Institute.

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