September 1, 2017 - Oil & Gas 360

Exclusive Video Interview with Bellatrix Exploration President & CEO Brent A. Eshleman

September 1, 2017

Bellatrix Exploration: In Q3 and Q4 we expect to meet or exceed our guidance At its recent 2017 The Oil & Gas Conference®, EnerCom’s Oil & Gas 360® conducted an exclusive video interview with Canadian producer Bellatrix Exploration (ticker: BXE) President & CEO Brent Eshleman. Bellatrix is focused on developing its two core resource plays, the Cardium and the Notikewin/Falher

IHS Markit Hurricane Harvey Update (September, 1 2017)

September 1, 2017

IHS Markit Hurricane Harvey Update (September, 1 2017)

Permian Basin Permits are Flying Out of the RRC in 2017—However Not All Permian Counties Are Equal

September 1, 2017

The Permian is the heart of modern oil and gas activity, with well over 300 rigs operating and tremendous growth to continue. But companies need to continually drill new wells to fuel this growth, which requires companies to obtain drilling permits from the Texas Railroad Commission (RRC) . The current shale resurgence has kept the Commission busy. The RRC has

U.S. Refinery Capacity Breaks 1981 Record: EIA - Oil & Gas 360

Marathon Drops Down Assets to MPLX for $1.05 Billion Cash and Equity

September 1, 2017

On September 1, 2017, Marathon Petroleum Corp. (ticker: MPC) contributed its joint-interest ownership of pipelines and storage facilities to MPLX, LP (ticker: MPLX), Marathon’s infrastructure arm. The assets are valued at $1.05 billion, Marathon said in a press release. The assets that were dropped down to MPLX include MPC’s ownership interests in: Explorer Pipeline Co., representing a 24.51 % interest

Hurricane Harvey Obstructs Baker Hughes’ Rig Count

September 1, 2017

South Texas numbers are currently unavailable Drilling activity is somewhat uncertain this week, as Baker Hughes’ Weekly Rig Count has experienced some difficulties courtesy of Hurricane Harvey. “Due to the impact of Hurricane Harvey on South Texas this week,” the company website reports, “we could not verify the change in rig counts across 47 counties in South Texas, with the

Industry Showing Improvement from Tropical Storm Harvery

September 1, 2017

U.S. Energy Value Chain is Highly Resilient: Lightning Fast Bounce Back after Devastating Natural Disaster Offshore oil and gas operators in the Gulf of Mexico are re-boarding platforms and rigs to assess their ability to resume normal operations following Tropical Storm Harvey, according to a report by the Department of Interior. The Bureau of Safety and Environmental Enforcement (BSEE) Hurricane

Mexico Publishes First Gas Price Index Post Privatization of Oil & Gas

September 1, 2017

Mexico’s Energy Regulatory Commission (CRE) released its first monthly price report on August 18, 2017. As part of its ongoing series of energy reforms that reduce government market controls, the Mexican government converted to a liberalized natural gas market on July 1, 2017. Along with releasing the price index report, Mexico’s pipeline system operator (CENAGAS) launched its natural gas capacity reservation system with

North Dakota Tribe Increases Tax on Oil Drillers

September 1, 2017

From the Associated Press BISMARCK, N.D. (AP) — An American Indian tribe whose land accounts for about one-fifth of North Dakota’s oil production has raised the tax rate for companies drilling on its land. The move by Three Affiliated Tribes comes after state lawmakers two years ago changed a law that affects tax rates for drillers. Tribal Chairman Mark Fox

China Cuts Non-Residential Natural Gas Price

September 1, 2017

From State Council of the PRC BEIJING — China’s top economic planner will cut the price of natural gas for non-residential users to ease the burden on downstream industry players. From Sep 1, the benchmark price at urban natural gas stations for non-residential use will be cut by 100 yuan (about $15.12) per thousand cubic meters, the National Development and

Saudi Aramco Using 50,000 Frequencies to Re-Explore the Vast “Empty Quarter”

September 1, 2017

Bump up reserves prior to IPO From REUTERS Oil giant Saudi Aramco is using new technology to re-explore areas of the vast Arabian desert known as the Empty Quarter, which could help to bolster its proven reserves of oil and gas before the company offers its shares to the public. A team of about 900 people is using advanced seismic

CenterPoint Energy donates $1.25 million to assist Hurricane Harvey recovery and relief efforts

September 1, 2017

CenterPoint Energy donates $1.25 million to assist Hurricane Harvey recovery and relief efforts

Energy Transfer Announces Operational Update Related to Hurricane Harvey

September 1, 2017

Energy Transfer Announces Operational Update Related to Hurricane Harvey

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