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360 Articles

Colorado’s City and County of Broomfield Seeks Frac Moratorium–Again: Council Puts off Decision

Colorado’s City and County of Broomfield Seeks Frac Moratorium–Again: Council Puts off Decision

Extraction Oil & Gas’s proposed drilling program spurred citizen action and reaction by Broomfield council On Jan. 10, 2017, the City and County of Broomfield, Colorado, held a public hearing on its proposed ordinance No. 2038 which calls for imposing a temporary moratorium on oil and gas drilling, hydraulic fracturing, and the processing of certain oil and gas related applications.[Read More…]

January 11, 2017 - 5:59 pm 360 Articles, Closing Bell Story, E&P, Fracing, Regulatory
Chesapeake’s 25,000-Ton Monster Frac and U.S. Silica’s 19,000-Ton Sand Shipment Set Records

Chesapeake’s 25,000-Ton Monster Frac and U.S. Silica’s 19,000-Ton Sand Shipment Set Records

Monster fracs, superlaterals are here to stay Remember when that kid you didn’t like in middle school used to tell you to ‘go pound sand’? Somebody who later became a petroleum engineer has heeded that advice and began to work on the monster frac. Sand, known in the oil and gas industry as proppant, is what’s hot. In today’s world[Read More…]

October 24, 2016 - 7:00 pm 360 Articles, Closing Bell Story, E&P, Fracing
DUCs Amok? Oil and Gas 360® Examines Dueling EIA and Bloomberg Backlog Data

DUCs Amok? Oil and Gas 360® Examines Dueling EIA and Bloomberg Backlog Data

Well Backlog a Critical Piece of the Puzzle as the Market Seeks to Predict what Happens in a Recovery DUCs, or drilled but uncompleted wells, have been a major topic of discussion among analysts for more than a year. The idea is that companies drilled wells (roughly half the total well cost) but didn’t complete the wells (roughly the other[Read More…]

September 23, 2016 - 11:54 am 360 Articles, Analytics, Chart of Week, Closing Bell Story, E&P, Fracing
Colorado School of Mines panel - The Next Stage in Shale Technologies panel at EnerCom's 2016 The Oil & Gas Conference (left to right): Mike Vincent, Will Fleckenstein, Ph.D., Jennifer Miskimins, Ph.D.

“We Can Fix your Fracs, We Can’t Fix your Reservoir”

Colorado School of Mines Experts Discuss Improving Fracs, Results Dr. Will Fleckenstein, Adjunct Professor of Petroleum Engineering at the Colorado School of Mines, Dr. Jennifer Miskimins, Associate Professor of Petroleum Engineering at CSM, and Mike Vincent of Fracwell LLC presented at EnerCom’s The Oil & Gas Conference® 21 on Thursday morning. The panel discussed emerging environmental technologies, hydraulic fracs, and[Read More…]

August 23, 2016 - 3:26 pm 360 Articles, Closing Bell Story, Fracing, TOGC21
Trump: Maybe We Should Leave Fracing Up to the Voters

Trump: Maybe We Should Leave Fracing Up to the Voters

Trump says he Understands if a Municipality or State wants to Ban Fracing On the campaign trail, Donald J. Trump has referenced fracing in a number of speeches, always on the favorable side. Trump made a strong endorsement for shale energy development in his North Dakota energy policy speech in May. And rumors have come out in the media that he’s looking at[Read More…]

August 1, 2016 - 6:06 pm 360 Articles, Closing Bell Story, Fracing, Politics
Renewable Energy could Replace Fossil Fuels for Power Gen by 2066: an OAG360® Exclusive Interview with NREL Director Martin Keller

Renewable Energy could Replace Fossil Fuels for Power Gen by 2066: an OAG360® Exclusive Interview with NREL Director Martin Keller

If Martin Keller’s prediction comes true, in 50 years the U.S. won’t be using nearly the amount of crude oil, refined petroleum products, natural gas or coal as the legacy energy industry has been supplying for the past 100 years – Part One The National Renewable Energy Laboratory, or NREL, is a place you might label as the federal government’s[Read More…]

Shale Record: Is Eclipse Resources’ 124-Stage Purple Hayes Well the Longest Onshore Lateral Ever Drilled?

Shale Record: Is Eclipse Resources’ 124-Stage Purple Hayes Well the Longest Onshore Lateral Ever Drilled?

Purple Hayes: Eclipse Resources Drills Well with an 18,544 Lateral in the Utica; Nine Energy Service Completes a 124-Stage Plug and Perf Frac on the Well In the Eclipse Resources (ticker: ECR) Q1 earnings call on May 5, Ben Hulburt, Eclipse’s chairman and CEO, dropped a piece of news that’s just now making its way around the circuit. “Perhaps most[Read More…]

Wyoming Governor Matt Mead Discusses Federal Oil and Gas Regulation with Oil & Gas 360®

Wyoming Governor Matt Mead Discusses Federal Oil and Gas Regulation with Oil & Gas 360®

The battle over oil and gas regulation heats up in Wyoming – states v. feds The Department of Interior’s Bureau of Land Management recently filed in the 10th Circuit Court of Appeals looking to end an injunction placed against the agency as it looks to regulate oil and gas on federally controlled lands. Many states feel that the BLM has[Read More…]

April 26, 2016 - 5:35 pm 360 Articles, Closing Bell Story, Fracing, Regulatory
BLM Appeals Wyoming Judge’s Injunction to Halt BLM’s New Frac Rules

BLM Appeals Wyoming Judge’s Injunction to Halt BLM’s New Frac Rules

The Department of Interior’s fracing regulations paused by Wyoming judge A group including several states and Native American tribes filed their final briefs with a Wyoming judge today to stop new federal rules regarding hydraulic fracturing. The U.S. Department of Interior is appealing a preliminary injunction by filing their opening brief this week in the U.S. 10th Circuit Court of[Read More…]

April 21, 2016 - 5:35 pm 360 Articles, Closing Bell Story, Fracing, Regulatory
The Anti-Fracing Battle Heats Up in Colorado

The Anti-Fracing Battle Heats Up in Colorado

A ballot initiative that would create 2,500 foot setbacks is approved for signature collection Proposed ballot measure 78 was approved for signature gathering by the Colorado Secretary of State’s office Friday. The measure would create a minimum distance of 2,500 feet for all new oil and gas development “from an occupied structure or area of special concern,” according to the[Read More…]

April 11, 2016 - 6:58 pm 360 Articles, Closing Bell Story, E&P, Fracing, Popular
Wells Drilled Since 2014 Accounted for 48% of U.S. Production in 2015

Wells Drilled Since 2014 Accounted for 48% of U.S. Production in 2015

Production from new wells makes up nearly half of all production, up from 22% in 2007 Production from new wells, or those drilled since the start of 2014, made up 48% of total U.S. crude oil production in 2015. New well production as a percentage of total U.S. production has more than doubled from 22% in 2007 with the increased[Read More…]

March 22, 2016 - 4:13 pm 360 Articles, Closing Bell Story, E&P, Fracing
Colorado Drafting Changes to Emissions Rules: April 15 Deadline for Comments

Colorado Drafting Changes to Emissions Rules: April 15 Deadline for Comments

Colorado Air Pollution Control Division is considering rule revisions for Oil & Gas operations Colorado may face stricter air pollution control rules in the near future as the Regional Air Quality Council considers rule revisions to bring the state into compliance with federal pollution regulations. The Denver-metropolitan and North Front Range areas were designated by the EPA as marginal “nonattainment[Read More…]

March 22, 2016 - 4:00 pm 360 Articles, Closing Bell Story, Fracing
It’s Official, Hydraulic Fracturing Produces More than Half of U.S. Crude Oil: EIA

It’s Official, Hydraulic Fracturing Produces More than Half of U.S. Crude Oil: EIA

Crude from tight oil now the primary source of oil from the U.S. Hydraulically fractured wells now account for the majority of the crude oil produced in the U.S., according to the EIA. Based on the most recent data available, crude oil produced from hydraulic fracturing now makes up 51% of total oil production in the country. The information compiled[Read More…]

March 15, 2016 - 6:05 pm 360 Articles, Closing Bell Story, E&P, Fracing
Is the Shale Boom Finally Taking a Breather?

Is the Shale Boom Finally Taking a Breather?

Heavy hitting U.S. shale producers lower production guidance 10% or more for ‘16 U.S. shale producers are beginning to announce production cuts as the global glut is keeping prices lower for longer. There is a marked difference as companies begin to report their 2016 guidance from this time last year when prices were still in the $40-$50 range. Many U.S.[Read More…]

March 1, 2016 - 6:07 pm 360 Articles, Closing Bell Story, Commodity Pricing, E&P, Fracing
Seven More Anti Fracing Initiatives Struck from Colorado’s Ballot

Seven More Anti Fracing Initiatives Struck from Colorado’s Ballot

Dead initiatives focused on setbacks Coloradans Resisting Extreme Energy Development (CREED), an anti fracing group in Colorado, has removed seven more of its proposed ballot initiatives this week, most of which focused on mandatory setbacks up to 4,000 feet. CREED also removed an initiative from the ballot earlier this month that which sought to ban fracing outright in the state.[Read More…]

February 24, 2016 - 4:56 pm 360 Articles, Closing Bell Story, E&P, Fracing
The U.K. Awards Nearly 70 Licenses to Explore Shale

The U.K. Awards Nearly 70 Licenses to Explore Shale

New laws allow for exploration and hydraulic fracturing under national parks The United Kingdom’s Oil and Gas Authority awarded 93 new licenses to explore for oil and gas last week. Around 75% of those exploration licenses relate to shale oil and gas, which will likely require companies to use hydraulic fracturing to produce. The areas covered by the licenses include[Read More…]

December 21, 2015 - 5:46 pm 360 Articles, Closing Bell Story, E&P, Fracing, International
Source: Helix Energy

Natural Gas Rig Count Reaches All-time Low, Reports Baker Hughes

There was no change to the United States running rig count in the latest weekly report conducted by Baker Hughes, leaving the overall number at 709 with just one report remaining in fiscal 2015. While the number did not change, there was a significant swing in the targets of operations. Seventeen gas-focused rigs were laid down within the week, which[Read More…]

December 18, 2015 - 6:33 pm 360 Articles, Closing Bell Story, E&P, Earnings, Fracing
Proposed Colorado Oil and Gas Regulations: Concerns about Community Rules Persist at Hearing

Proposed Colorado Oil and Gas Regulations: Concerns about Community Rules Persist at Hearing

Parties spoke today at the COGCC rulemaking hearing in Denver, Colorado A crowded room listened intently today as several parties shared their concerns with the Colorado Oil and Gas Conservation Commission (COGCC) over new rules being put in place after study and recommendation by the Colorado Oil and Gas Task Force. In September 2014, Colorado Governor Hickenlooper created the task[Read More…]

November 16, 2015 - 6:38 pm 360 Articles, Closing Bell Story, E&P, Fracing
Increasing Oil Production Challenges North Dakota’s Goal to Cut Flaring

Increasing Oil Production Challenges North Dakota’s Goal to Cut Flaring

Flaring volumes remain steady as production rises; flaring less than 22% of NatGas may not happen anytime soon North Dakota has been working to lower the percentage of the natural gas flared inside the state, with a goal set to lower the percentage of flared natural gas to just 15% by the end of first-quarter 2016. Historically, North Dakota flared[Read More…]

November 13, 2015 - 4:47 pm 360 Articles, Closing Bell Story, E&P, Fracing
Hydraulic Fracturing Lowered Unemployment 0.5% During the Great Recession

Hydraulic Fracturing Lowered Unemployment 0.5% During the Great Recession

Study finds hydraulic fracturing added 725,000 jobs during the Great Recession The energy boom brought on by hydraulic fracturing helped to soften the blow from the Great Recession, a new study conducting by the National Bureau of Economic Research found. Between 2005 and 2012, 725,000 jobs were added to support the oil and gas industry as it rapidly expanded thanks[Read More…]

November 9, 2015 - 3:55 pm 360 Articles, Closing Bell Story, E&P, Fracing
Local Control: Colorado Releases Draft Regulations

Local Control: Colorado Releases Draft Regulations

New regulations aimed at mitigating effects of oil and gas near urban areas The Colorado Oil and Gas Conservation Commission (COGCC) released the draft proposal for two new regulations after more than a year of consideration from the Colorado Oil and Gas Task Force with local stakeholders. In September 2014, Colorado Governor Hickenlooper created the task force in order to[Read More…]

October 8, 2015 - 2:33 pm 360 Articles, E&P, Fracing, Regulatory
A Tale of Two Politicians: Stark Differences in Energy Policy between Bush, Clinton

A Tale of Two Politicians: Stark Differences in Energy Policy between Bush, Clinton

The bloodlines of Jeb Bush and Hillary Clinton both run deep in the American political scene. Both have a history, directly and indirectly, in the Oval Office – the same office a slew of candidates are vying for in 2016. The similarities end there, however, as both Clinton and Bush are on opposite ends of the political spectrum. That includes[Read More…]

October 1, 2015 - 7:00 pm 360 Articles, Fracing, Politics, Regulatory
Increased Frac Sand Triples Output in the Eagle Ford

Increased Frac Sand Triples Output in the Eagle Ford

Producers looking to get the most out of wells are increasing volumes of frac sand In the current price environment, companies are doing everything they can to get the most out of their wells. Falling commodity prices have made wells increasingly uneconomical, a problem that is being acutely felt during quarterly reserves ceiling tests. Operators are doing everything they can[Read More…]

October 1, 2015 - 4:36 pm 360 Articles, E&P, Fracing
China has Reduced its Shale Drilling & Completion Costs by 23%

China has Reduced its Shale Drilling & Completion Costs by 23%

As China looks for way to meet more of its natural gas demand domestically, it has looked to improving the economics of its own shale gas development. While China is one of four countries currently producing commercial volumes of shale gas, it has not been as economical as shale development in the U.S. Despite this, there have been more than[Read More…]

September 30, 2015 - 1:53 pm 360 Articles, E&P, Fracing, International, Oilfield Services
Source: NPR Cushing oil storage

Michael Teague, Energy Secretary of Oklahoma, Speaks with OAG360 about Regulations and State Energy Programs

The United States technological revolution has made rock stars out of flashy, emerging new plays like the Bakken, Niobrara and Utica. And everybody wants to get in on the next hot area. Oklahoma, on the other hand, is old school. It’s a model of consistency when it comes to United States energy development. The Sooner State has always been among[Read More…]

Frac Water Biocide Wins Competition for Innovation

Frac Water Biocide Wins Competition for Innovation

Frac fluid biocide wins industry award The Ben Franklin Shale Gas Innovation & Commercialization Center (SGICC) announced FyreRok Biofluids won the 3rd Annual Shale Gas Environmental, Health & Safety (EH&S) Award today. FyreRok, a Bellefonte, Pennsylvania, based company, was given the EH&S Award for its technology which develops a hypochlorous acid at well pad sites to use as a non-toxic[Read More…]

September 17, 2015 - 6:07 pm 360 Articles, E&P, Fracing
Crescent Point Sees 31% Recovery Factors: Has it Perfected the Next Big Idea in Horizontal Wells?

Crescent Point Sees 31% Recovery Factors: Has it Perfected the Next Big Idea in Horizontal Wells?

Beating the Decline Curve with Water Injections via Stage-Fractured Horizontal Wells = a Lower F&D Cost than Saudi Arabia The shale revolution has propelled North America into a global energy powerhouse. The technology driving this transformation – hydraulic fracturing – has allowed U.S. and Canadian producers to unlock tremendous energy resources, but it presents its own unique challenges compared to traditional[Read More…]

September 14, 2015 - 7:08 pm 360 Articles, Canada, Fracing
U.S. Congressman Ken Buck

U.S. Congressman Ken Buck talks to Oil & Gas 360®

OAG360: Are there any models for tax reform that you would like to see implemented here in the United States? Buck: Yeah. The chainsaw in my garage is what I think would work best. U.S. Congressman Ken Buck’s congressional district sits on top of 85% of Colorado’s oil production—70.1 million barrels in 2014. He is a federal lawmaker with a[Read More…]

August 13, 2015 - 7:28 am 360 Articles, E&P, Fracing, LNG, Straight Answers
Proppant Update: Suppliers Roll with the Punches

Proppant Update: Suppliers Roll with the Punches

Raymond James sees a recovery in sand prices Although Hi Crush Partners (ticker: HCLP) missed on its Q2 earnings, reporting $84 million in revenues or $0.31 per unit in earnings, Raymond James believes the company still has long-term potential following a recovery in sand prices. “We believe a rig count recovery and intensity trends should support a recovery in sand[Read More…]

August 12, 2015 - 6:44 pm 360 Articles, E&P, Fracing
Will an Oil Market Balance in 2016 be Too Late for Saudi Arabia?

Will an Oil Market Balance in 2016 be Too Late for Saudi Arabia?

Wells Fargo sees market balance in 2016 A recent note from Wells Fargo Equity Research highlights the continued unresponsiveness of production in the face of low oil prices, but the analysts say they expect the market to rebalance in 2016. “Given OPEC’s continued focus on market share and the lack of production response thus far to lower drilling/spending from non-OPEC,[Read More…]

August 12, 2015 - 5:21 pm 360 Articles, Commodity Pricing, E&P, Fracing, International, OPEC