Production

ARTICLES

EIA Says Crude Reserves Highest Since 1975, North Dakota Passes GOM

U.S. proved reserves of crude oil and lease condensate exceeded the 36 billion bbl threshold for the first time since 1975, while North Dakota surpassed the federal Gulf of Mexico (GOM) and is now second only to Texas, according to the U.S. Energy Information Administration (EIA). Read More

Florida Utility Has No Business in Shale Gas Patch, Consumers Say

The shale gas patch is too risky a place for an electric utility to be dabbling with ratepayer money, public interest lawyers and industrial power consumers told Florida regulators considering Florida Power & Light Co.'s (FPL) proposal to take a stake in Oklahoma's Woodford Shale. Read More

Spending by Independents Drops in 2013 on Depressed NatGas Prices

Exploration and development (E&D) spending by independents worldwide dropped by 14% in 2013 from 2012 as depressed natural gas prices in North America took a toll on cash flows and spending ability, an annual survey by EY found. Read More

U.S. Drilling Its Way to Greater Energy Security, Chamber Says

With U.S. oil and gas producers continuing to do their thing, America's energy security continues to grow, according to the latest U.S. Chamber of Commerce assessment. Read More

Billions in Revenue, New Jobs Seen from Opening Restricted Atlantic, Pacific and Eastern GOM Regions

Offshore oil and natural gas leasing in the Eastern Gulf of Mexico and the U.S. Atlantic and Pacific coasts -- areas now almost entirely off limits to development -- could raise more than $200 billion in revenue and create nearly 840,000 jobs by 2035 if leasing were to begin in 2018, researchers said Wednesday. Read More

Tubular Bells Ramps Up in Deepwater GOM

The Tubular Bells facility in the deepwater Gulf of Mexico (GOM), designed to deliver from three wells in Mississippi Canyon, has started up 50,000 boe/d from the first floating production system (FPS) built entirely in the United States. Read More

EIA to Add 10 States to Monthly NatGas, Oil Production Reports

The U.S. Energy Information Administration has received approval from the Office of Management and Budget to add state-level data from 10 states... Read More

Big Seven NatGas Production to Surge Even Higher Through Year's End

Production of natural gas and oil from the seven most prolific U.S. shale and tight oil regions will continue to increase through the end of the year, reaching 44.12 Bcf/d and 5.26 b/d in December, according to the Energy Information Administration. Read More

U.S. LNG Export Trade to Rival Qatar by 2020, Says Citi

Where U.S. natural gas and oil exports are allowable they are surging, and as plans progress to carry liquefied natural gas (LNG) and more crude oil overseas, dramatic swings in the U.S. trade balance swiftly will transform America into an energy superpower, according to an in-depth analysis by Citi. Read More

Gunnison Sage Grouse Listing May Impact E&Ps in Utah, Colorado

The Obama administration is weighing whether to list as “threatened” under the Endangered Species Act the Gunnison sage grouse... Read More