Category: Oil & Gas

Enverus—Anadarko Basin rig activity up while national count slows

  The weekly report by Austin-based Enverus Rig Analytics shows the U.S. rig count fell by five over the past week to 623 while rig activity is growing in the Anadarko Basin in Oklahoma. Enverus reported the national count is still 4% higher over the past month and up 112% in the last year. However, …

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PFAS testing underway at eastern New Mexico Air Base

  Work has started to test the water and soil to see where an underground contamination plume of PFAS chemicals migrated off Cannon Air Force Base in Eastern New Mexico. Located 8 miles west of Clovis near the Texas Panhandle, the base is the source of the toxic chemicals used in firefighting foam in military …

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Colorado Dems want tougher EPA stand on oil and gas drilling

  Democrats in Colorado’s Congressional delegation are urging the EPA to “swiftly” adopt tougher methane rules against oil and gas drilling claiming it would cut methane pollution by 50% by 2030. The state’s three Republican Reps, Lauren Boebert, Ken Buck and Doug Lamborn were not part of the effort according to Colorado Public Radio. Click …

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ConocoPhillips schedules 3Q report release date

  After making the major acquisition of Royal Dutch Shell’s Permian Basin assets, ConocoPhillips prepares to release its third-quarter 2021 financial and operating results in early November. The company announced it will hold a conference call webcast on Tuesday, Nov. 2 at 11 a.m. Central Time to discuss the results. The company plans to release …

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Energy news in brief

** President Biden announced Tuesday that the U.S. would double its financial contributions to help developing nations combat and adapt to climate change. ** The Environmental Protection Agency has finalized the first major step taken under President Joe Biden to curb climate change, releasing new regulations to phase down the use of a potent greenhouse gas used in …

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Whopping $36 million fine against North Dakota pipeline operator

North Dakota pipeline operator Summit Midstream Partners admitted this week to criminal water pollution charges and agreed to pay a $36.3 million fine. The firm pleaded guilty in federal court in Bismarck, North Dakota in a case that prosecutors called the largest-ever land-based spill from oil drilling reported Reuters. The company admitted it was criminally …

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Oil-worker transport firm to buy electric helicopters

  A major aircraft firm that ferries oil workers to offshore platforms in the Gulf of Mexico is considering the purchase of 50 electric-powered helicopters. Bristow Group Inc., based in Houston already pre-ordered 25 of the new 4-passenger, zero-carbon operating emission aircraft with an option to buy 25 more from Vertical Aerospace Group Ltd, reported …

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Reports indicate Biden will cut biofuel requirements

  Reports that the Biden administration is thinking of making big cuts to the U.S. biofuel blending requirements already had an effect on the industry. After Reuters reported the news, credits used to prove compliance with the requirements, called RINs, fell to 92 cents each, down from $1.07 in the previous session, traders said. “If …

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ConocoPhillips becomes Permian’s No. 2 producer after Shell deal

  Bloomberg reports ConocoPhillips’s purchase of Royal Dutch Shell Plc’s Permian assets will make it the second-largest producer in the world’s top shale basin, according to data from Enverus. It also leaves Devon Energy as the 8th largest producer in the Permian. Click here for Bloomberg.

Williams awaits production to resume in the Gulf

  Williams Companies Inc. indicated it is ready and waiting to receive natural gas from the offshore platforms in the Gulf that had been shut down because of damage from Hurricanes Ida and Harvey. The storm damage is still affecting numerous operations along the Gulf. Many suffered power outages and operations are stalled. Shell is …

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