Natural Gas Flaring Hits Record High
As spot prices in the region have remained near or below zero, natural gas flaring and venting in the Permian Basin in Texas and New Mexico reached a new all-time high in the first quarter of 2019, averaging as much as 661 million cubic feet per day (MMcfd).According to research conducted by Rystad Energy…
Total Takes Control of Barnett Shale Assets from Chesapeake
Total E&P USA today announced that it is exercising its preemption right to acquire Chesapeake’s 75% interests in the jointly held Barnett Shale operating area located in North Texas. Total E&P USA has owned the remaining 25% in the Barnett Assets since December 2009. With the preemption, Total E&P USA will be the 100% owner and operator of the assets.
U.S. Frackers Defy Output Logic with Vertical Wells
Easy money, super-sized frack jobs, and desperate drillers offering deep discounts to oil producers - all three have been credited for sustaining U.S. crude output during the worst price slump in six years. Now there appears to be a new factor in the mix: old vertical wells that can quickly be drilled…
'Frack now, pay later,' - Top Companies Amid Oil Crash
Business is so tough for oilfield giants Schlumberger NV and Halliburton Co that they have come up with a new sales pitch for crude producers halting work in the worst downturn in years. The moves by the world's No. 1 and No. 2 oil services companies show how they are scrambling to book…
Service Firms to Producers: Frack now, pay later
Business is so tough for oilfield giants Schlumberger NV and Halliburton Co that they have come up with a new sales pitch for crude producers halting work in the worst downturn in years. The moves by the world's No. 1 and No. 2 oil services companies show how they are scrambling to book…
Texas Governor Signs Law to Prohibit Local Oil Well Fracking Bans
Texas Governor Greg Abbott on Monday signed a bill into law that prohibits cities and towns from banning an oil drilling practice known as hydraulic fracking, giving the state sole authority over oil and gas regulation. Lawmakers in Texas, a state that is home to the two of the most productive U.S.
Icy Conditions May Snarl O&G Operations in West Texas
A wide swath of freezing rain and drizzle that hit West Texas on Monday night has left roads in the Permian Basin coated in ice, creating hazardous conditions for the oil and gas industry, a forecaster said on Monday. Icy weather has the potential to disrupt drilling and production operations by causing power outages…
Banned: Fracking Hits a Roadblock in Texas
The first ban on new hydraulic fracturing in Texas went into effect in the city of Denton, a month after voters deemed the oil and gas extraction method behind the U.S. energy boom a community nuisance. The Texas Oil & Gas Association, an industry group, and the Texas General Land Office filed a lawsuit shortly after voters in the city of 123…
Texas Town Bans Fracking
Voters approved a ban on hydraulic fracturing in the North Texas town of Denton on Tuesday, making it the first city in the Lone Star State to outlaw the oil and gas extraction technique behind the U.S. energy boom. The vote in the city of 123,000 was highly symbolic because hydraulic fracturing…
