Thursday, July 24, 2025

Governor Hickenlooper Announces Members of Colorado’s 2014 Oil and Gas Task Force

Yesterday, Governor John Hickenlooper announced the members of a statewide task force that will craft recommendations to help minimize land use conflicts that can occur when siting oil and gas facilities near homes, schools, businesses and recreational areas. “The governor created the task force as part of a compromise to avoid a divisive and costly campaign fight this fall over

U.S. Crude Hit Lowest Level since January on Monday

On Monday, U.S. crude oil, reacting to a less worrisome geopolitical climate in Iraq and Ukraine, fell to its lowest level since January at $92.66 for October delivery. Monday’s “biggest decliners in the S&P 500 were oil drilling and exploration companies, which rely on high oil prices to justify pulling crude oil out of remote parts of the planet. Newfield

CAMAC Energy Update: Additional Financing Secured, More Positive Analyst Reviews

CAMAC Energy Inc. (ticker: CAK) is a Houston-based oil and gas company engaged in the exploration of offshore oil and gas leases in deep water Nigeria. The company is completing two separate wells in the Oyo Field and expects to generate a total of 14 MBOPD. CAMAC’s Growth CAK has methodically built up its position offshore Nigeria over the past

GE, Accenture Roll Out New Pipeline Technology

Avoiding Downtime During Winter Freeze is the Goal Access to infrastructure is a vital asset for oil and gas producers. Despite infrastructure investments as high as $40 billion per year, production from E&Ps continue to outpace the takeaway capacity in booming areas like the Marcellus and the Permian. Spot prices in Midland, Texas are trading at a $17 discount to

Utica Gas Output Up to 1.5 Bcf/day from 115 MMcf/day in 2012

The EIA came out with its Drilling Productivity Report today, calling the Utica Region in eastern Ohio one of the fastest growing natural gas production areas in the United States. “Total natural gas production in the Utica Region, which includes the Utica and Point Pleasant formations, increased from 115 million cubic feet per day (MMcf/d) in 2012 to an estimated

MLPs:  Moving Energy from Wellhead to End User

Midstream infrastructure has emerged as a hot topic in the oil and gas space. A common theme heard at E&P investor conferences and recent earnings calls is new supply is being produced from the shale basins at a faster rate than the amount of midstream infrastructure available to collect, process and transport it to market. While E&Ps are focused on finding

Duke Energy, Piedmont Natural Gas, Dominion, AGL Resources Propose to Move Marcellus/Utica Shale Gas via $5 Billion Atlantic Coast Pipeline

Duke Energy (ticker: DUK), Piedmont Natural Gas (ticker: PNY) and AGL Resources (ticker: GAS) have selected Dominion (ticker: D) to build and operate a 550-mile interstate natural gas pipeline from West Virginia, through Virginia and into eastern North Carolina to meet the region’s rapidly growing demand for natural gas, the companies announced Tuesday. The pipeline cost estimate is between $4.5

Natural Gas Revisited: What will Storage Builds do for Spot Prices?

The Energy Information Administration reported a build of 79 Bcf for the week ended August 29, 2014, in its latest Weekly Storage Report. The new inventory total of 2,709 Bcf is 471 Bcf less than 2013 and 495 Bcf below the five-year average (approximately a 15% difference). The build marks the 18th straight week of gains greater than 74 Bcf,

Oryx Petroleum Resumes Operations in Iraq

After security concerns in the region prompted a mid-August suspension of operations on its Hawler license in the Kurdistan Region of Iraq, Oryx Petroleum Corporation (ticker: OXC) announced that it has now resumed crude oil production and sales into the domestic market at the Demir Dagh field at rates in excess of those prior to the temporary halt in August.

Enhanced Oil Recovery may have A Secret Weapon

You don’t need to consult an engineer to know each and every shale play is different. Generating the highest possible recovery is a constant chess game run by E&Ps around the globe, and every play has something else to offer. The trend of increasing fracturing stages and proppant/sand use per stage was a popular topic in breakout sessions at EnerCom’s

Europe Looks at Emergency Energy Plans if Russian Gas is Shut Off

Yesterday Reuters reported that an emergency energy plan was being constructed for Europe, should gas stop flowing through the pipelines that connect European homes with Russia’s natural gas. “Kiev is warning that Russia plans to halt gas supplies while Moscow says Ukraine could siphon off energy destined for the European Union – which has just threatened new sanctions if Moscow