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December 15, 2017

Incentives for EVs and Wind Make it into Final Tax Bill, Nuclear Credits Canned

December 15, 2017

After weeks of closed-door negotiations, Republicans in Congress have reconciled two competing versions of tax reform — and appear to have the votes to pass it. From Utility Dive Congressional Republicans on Friday released the text of a tax proposal that includes incentives for electric vehicles and wind power, as well as a fix to the so-called BEAT provision critical to

Canadian Oil Shippers Find Rail Space Is Scarce as Prices Slide

December 15, 2017

From Bloomberg The trains are running late for Canada’s oil producers just when they need them the most. After a two-week shutdown of one of the largest export pipelines to the U.S. caused oil to back up in Alberta tank farms, Canadian railroad companies struggling to fulfill commitments to ship other commodities aren’t able to help ease the oil glut. “It’s hard for

Rig Count: Haynesville and Marcellus Continue to Duke It Out

December 15, 2017

Total rig count down by one U.S. drilling activity decreased slightly this week, according to the latest edition of Baker Hughes Rig Count. One rig came offline in the week, bringing the total number of rigs active in the country down to 930. This rig was an offshore platform, meaning there are now 19 offshore rigs, 909 land rigs and

North Dakota Oil Production Approaching 2014 Record

December 15, 2017

N.D. gas production and producing wells set records again The North Dakota Industrial Commission has released its latest Oil and Gas Production Report, outlining hydrocarbon activity in the state for October 2017. Production was up across the board in October, with both oil and gas output increasing. Oil production jumped significantly, reaching 1,185 MBOPD, from 1,107 MBOPD in September. Production

EP Energy is Buyer of Carrizo Assets, Divests Altamont Acreage

December 15, 2017

On December 12, Carrizo Oil & Gas, Inc. (ticker: CRZO) announced that it would sell a portion of its Eagle Ford acreage to an undisclosed buyer. Today, EP Energy Corporation (ticker: EPE) disclosed that it was the buyer, acquiring certain producing properties and undeveloped acreage from existing Eagle Ford operating areas, primarily in LaSalle County, South Texas. EP Energy acquisition

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