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December 4, 2012
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News for the oil and natural gas industry

  Top Story 
  • Producers target best Eagle Ford drilling locations
    Energy firms are racing to identify the best drilling spots in the Eagle Ford Shale formation in Texas, observers say. About 141 of the 227 rigs in the play are located in La Salle, Karnes, Gonzales, DeWitt and McMullen counties in Texas, according to Baker Hughes. "For the sheer volume of dollars you have to pump into this thing, you have to go where you can get the most back fastest," said oilman Harvey Howell. (12/3) LinkedInFacebookTwitterEmail this Story
Mississippi Lime & Anadarko Midstream
Feb 27-28, Oklahoma: First event dedicated to driving forward midstream infrastructure for the Midcontinent. Ensuring crude, residue gas and NGLs reach optimal markets and command the highest price at the lowest marketing cost. Participating companies: Apache, LINN, Enbridge, DCP Midstream, Eagle Rock Energy, Williams and more. Register Before December 7 to save $400
  Industry News 
  • Energy firms get creative to attract talent
    Energy firms are using non-monetary perks and other innovative strategies to attract top talent and retain workers, observers say. ExxonMobil has built a 385-acre campus in Houston for its employees that features fitness classes and on-site child care. "Like Microsoft and Google, they're thinking about campuses that create an environment and culture that feels like a university," said John Faraguna, president of global recruiting company Hays. (12/3) LinkedInFacebookTwitterEmail this Story
  • BP CEO highlights safety in investor meeting
    BP listed safety as the first point of its 10-point program to grow its value. "We know that safety is good business and this will show up in stronger and more reliable cash flows in the long run," Bob Dudley said during a meeting with investors. The focus on safety comes after BP reached a settlement deal with the Department of Justice over criminal charges stemming from the 2010 Gulf of Mexico oil spill. San Antonio Express-News/Houston Chronicle (12/3) LinkedInFacebookTwitterEmail this Story
  • Exxon says PNG LNG deliveries are on target despite cost overruns
    Costs associated with ExxonMobil's $19 billion Papua New Guinea liquefied natural gas project have increased by 21%, the company said, but it still expects deliveries to start in 2014. "There's still a long road ahead and quite a few challenges," said Decie Autin, the company's project executive in Papua New Guinea. Exxon and the Papua New Guinea government are also collaborating to address infrastructure concerns and "law and order issues," Autin said. Bloomberg (12/3) LinkedInFacebookTwitterEmail this Story
Industry turns attention to oilfield housing challenges
The Petroleum Institute has organized an event addressing the challenges faced by the industry and oil & gas boomtowns regarding short/long term housing, smart development, transportation & other issues. Those interested should attend the 2013 Oilfield Housing Solutions Conference at the Westin La Cantera Resort in San Antonio. May 9-10, 2013.
  Exploration & Production 
  • Continental ups estimate of Bakken Shale play's crude oil reserves
    Continental Resources raised its crude oil estimate in the Bakken Shale formation after one of the company's wells in the play yielded positive results. Continental said the play contains 903 billion barrels of oil equivalent, up from a 2010 estimate of 577 billion barrels of oil equivalent. "The results are very encouraging and indicate that there may be an upside to our estimate of 24 billion barrels of oil equivalent of recoverable reserves for the Bakken field," said Jack Stark, senior vice president of exploration at Continental. Bloomberg (12/3) LinkedInFacebookTwitterEmail this Story
  Refining & Marketing 
  • Sasol's U.S. gas-to-liquids project moves ahead
    Sasol will commence initial work related to its $14 billion natural gas-to-liquids refinery in Westlake, La. A final decision on the project will be made in 2014 after engineering and design activities are completed, the company said. "The abundance of natural gas in North America gives GTL a great future here," said David Constable, CEO of Sasol. Fox Business/Dow Jones Newswires (12/3) LinkedInFacebookTwitterEmail this Story
  Policy Watch 
  • House Democrats deepen probe into Gulf platform blast
    Grand Isle Shipyard needs to provide information about an explosion at Black Elk Energy's Gulf of Mexico oil platform that led to the deaths of three workers, leading House Democrats said. "We also ask that you provide us with a briefing on your company's track record on safety, including a description of any prior accidents and any enforcement actions taken by federal or state officials against you or your company," according to a letter from lawmakers including Reps. Henry Waxman, D-Calif., and Edward Markey, D-Mass. (12/3) LinkedInFacebookTwitterEmail this Story
  • Report: U.S. should require flow rate estimates in future permits
    Instruments for assessing oil flow rates in offshore oil spills should be required in all future drilling permits, as such assessment became a key concern during and after the 2010 Gulf of Mexico oil spill, according to U.S. government researchers. "Because the oil was flowing almost a mile down, it was very, very difficult to get accurate information about the flow rate," said Jane Lubchenco, administrator of the National Oceanic and Atmospheric Administration. Reuters (12/3) LinkedInFacebookTwitterEmail this Story
  API News 
  • API Inspection Summit, Jan. 7 to 10, Galveston, Texas
    The American Petroleum Institute invites you to attend the API Inspection Summit & Expo in Galveston, Texas, at the Galveston Island Convention Center, Jan. 7 to 10. The summit will provide you an opportunity to hear about emerging trends from industry experts in topics such as inspection technologies/NDE/corrosion/engineering analysis/software. Eight panel discussions on timely industry issues are planned to enhance interaction with attendees. It is also the only networking event for inspectors in the industry and includes an exhibit hall with more than 60 companies displaying the latest in inspection services. The API Inspection Summit program will feature over 120 individual presentations, as well as a new feature for 2013 -- a one-day optional training component consisting of eight technical courses, providing in-depth education to attendees. View the draft program and register. LinkedInFacebookTwitterEmail this Story
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