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January 24, 2013
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News for the oil and natural gas industry

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  Industry News 
  • Chesapeake Energy to allow EPA testing at drilling site
    The Environmental Protection Agency will perform several tests at one of Chesapeake Energy's drilling sites as part of efforts to determine the potential risks of hydraulic fracturing on water supplies, an administration official said. Both parties are "very close" to picking a location and a schedule, the official added. The Wall Street Journal (1/23) LinkedInFacebookTwitterEmail this Story
  • Study increases gas reserve estimate in Alaska's Cook Inlet
    Alaska's Cook Inlet field could contain more natural gas than previously estimated, according to a study from the state's Division of Oil & Gas Resource Evaluation Section. "We found about one-third more gas that we would categorize as reserves, fairly certain volumes of gas in the existing fields and throughout the basin," said Paul Decker, a senior petroleum geologist. The resources are "certainly enough to meet the average demand for several years," he added. (1/22) LinkedInFacebookTwitterEmail this Story
  • U.S. needs to reform energy policy, former Shell exec says
    John Hofmeister, former president of Shell Oil, is calling for an overhaul of U.S. energy production policy. The U.S. needs to establish an independent energy policy regulator because the current system is flawed, he said. Efforts that would pave the way for the use of natural gas as a fuel for transportation will progress slowly without an overhaul, he said. (1/23) LinkedInFacebookTwitterEmail this Story
  Exploration & Production 
  • November Eagle Ford output up 70% from 12 months ago
    November 2012 production from the Eagle Ford Shale play in Texas rose 70% compared with figures in November 2011, according to data from the Texas Railroad Commission. The formation's nine geographic fields produced 358,826 barrels of crude a day, up from 211,333 barrels of crude per day in November 2011. EOG Resources and Chesapeake Energy are the two companies with the largest lease holdings in the play. Bloomberg (1/22) LinkedInFacebookTwitterEmail this Story
  • Gulfport Energy reports production totals from Utica wells
    Two of Gulfport Energy's wells in the Utica Shale formation in Ohio are among the highest producing wells in the state, the company reported. Output totals from the company's Stutzman well are 21 million cubic feet of natural gas per day and 945 barrels per day of natural gas liquids. Figures from the Clay well are 5.9 million cubic feet of natural gas per day and 761 barrels of natural gas liquids per day. Akron Beacon Journal (Ohio) (1/23) LinkedInFacebookTwitterEmail this Story
  Policy Watch 
  • Rep. Hastings vows to closely monitor new energy policies
    Heightened oversight "is more important than ever" as the Obama administration introduces new rules on oil and natural gas development, said Rep. Doc Hastings, R-Wash., chairman of the House Energy and Natural Resources Committee. Hastings also said he wants the panel to focus on a wide energy agenda, which would "help create jobs and grow our economy," while "reducing burdensome government regulations and red tape." (1/23) LinkedInFacebookTwitterEmail this Story
  • Lawmakers plan provision to boost support for royalty bill
    Sens. Lisa Murkowski, R-Alaska, and Mary Landrieu, D-La., plan to insert a provision in their offshore royalty sharing bill that would ensure state restoration programs are funded by the federal government. The move is part of efforts to gather more support in the Senate for the measure. (1/23) LinkedInFacebookTwitterEmail this Story
  API News 

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