Sunday, September 21, 2025
BOEM Oil & Gas 360

BOEM Extends its Review of Financial Assurance Requirements for OCS Decommissioning

Secretary’s mandated review of NTL No. 2016-N01 will get more time  In an announcement on June 22, 2017, BOEM reiterated that Secretary’s Order 3350, issued on May 1, 2017, directed BOEM to “promptly complete a review of Notice to Lessees (NTL) No. 2016-N01 and provide our recommendation on whether to implement this NTL to the Assistant Secretary – Land and

Russia, China

China Has Boosted Both Imports and Production of Natural Gas

Imports and output of natural gas rose more than twice the expected amount this year in China Imports and domestic output of natural gas are outpacing government projections in China as the country works toward a goal of making the fuel 10% of its energy consumption by 2020. Official data for domestic production and imports shows that the total amount

Dallas Fed Surveys Oil & Gas Execs: ‘There’s a Lot of Tiger in this Tank’

Executives expect $48.80/bbl WTI at yearend, down from Q1 survey expectation of $53.50 “The exploration and production industry needs to get used to the paradigm that oil prices will be set for the next several years by the breakeven prices needed to drill Permian Basin shale wells because there is a lot of tiger in this tank!” Those comments were

Oil Surplus Makes Surprise Return Despite OPEC Cuts, IEA Says - Oil&Gas360

OPEC’s Share of U.S. Crude Imports Nears All-Time Lows

Only 40% of imported crude came from OPEC in 2016 OPEC’s share of U.S. oil imports has been declining, and has dropped sharply over the last few years. In 1990, OPEC supplied 62% of all crude imported into the U.S. This share gradually declined until 2008, as Canadian output grew and displaced imports from overseas. After 2008, the combination of

InPlay Oil Corp. Building Cardium with Upside in Duvernay

With plans to pursue production growth over 20%, InPlay Oil Corp. (ticker: IPO) has allocated $28 million to its exploration and development program for 2017. InPlay’s operations center on the Cardium formation, with other interest in the Belly River formation and emerging potential in the Duvernay formation. Between the Cardium formation and the Belly River formation, the company believes that

U.S. Energy Corp. Holding Diversified Working Interests

U.S. Energy Corp. (ticker: USEG) has multiple working interests with companies in the Bakken and Three Forks formations and throughout Texas and Louisiana. The company produced 50,628 BOE during 2016, and has projected that it will produce approximately 49,885 BOE during the course of 2017. Bakken/Three-Forks In the Williston basin, USEG partnered with Brigham Exploration Company to conduct exploratory work

Brazos County Well and New Eagle Ford Acreage Spell Growth For Lonestar Resources

Lonestar Resources (ticker: LONE) has made unconventional resource plays its bread and butter with its focus in the Eagle Ford and the Bakken. Bakken resource evaluation Lonestar has 28,655 net acres within the Bakken formation located in northern Montana, where the company was, as of the end of Q1, 2017, conducting resource evalution. Eagle Ford acquisition Lonestar nearly doubled its