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Chevron Discovers Oil Reserves in the Deepwater Gulf of Mexico

Chevron Corporation announced a significant oil discovery at the Ballymore prospect in the deepwater U.S. Gulf of Mexico. Ballymore is located in the Mississippi Canyon area of the U.S. Gulf of Mexico, approximately three miles from Chevron’s Blind Faith platform, in water depth of 6,536 feet. The initial Ballymore well reached total measured depth of 29,194 feet and encountered more ...

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DUG returns, New Name and Attitude in Energy

The name DUG Rockies makes a comeback as Hart Energy adds new plays and  regions to the agenda for its annual DUG conference in Denver April 24-25 in the Colorado Convention Center. The 2018 DUG Rockies  program will feature speakers from Hess Corporation, Oasis Petroleum and Whiting Petroleum — and expand its focus beyond the Bakken and DJ basin developments ...

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GTUIT Hits Million Barrel Milestone

GTUIT®, LLC announced that the company has recovered more than one million barrels of natural gas liquids (NGLs) from oil producing wellsites that would have otherwise been combusted in a flare stack. GTUIT designed, built, and operated all the mobile associated natural gas processing units responsible for achieving the million barrel milestone. Brian Cebull, President and CEO, commented “We thank ...

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January 12: Rig count and oil price both climb

oil rig, rig count, Baker Hughes

Baker Hughes, a GE Company, reported the North America Rotary Rig Count for January 12, 2018 increased by 15 this week. The rig count included an increase of 2 offshore rigs and 13 inland rigs exploring for oil and gas. Of those 15, 10 are exploring for oil, while 5 rigs are searching for natural gas. Breakout information by Baker ...

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ONEOK to invest $1.4B in natural gas infrastructure

ONEOK, Inc. announced plans to invest approximately $1.4 billion to construct a new pipeline, and related infrastructure, to transport natural gas liquids (NGLs) from the Rocky Mountain region to the company’s existing Mid-Continent NGL facilities. The Elk Creek Pipeline – an approximately 900-mile, 20-inch diameter pipeline that is expected to be completed by the end of 2019 – will have ...

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ND Governor Challenges Bakken Oil Companies: Produce 2-Million-Barrels-a-Day

This is installment one of a five-part series investigating North Dakota Governor Doug Burgum’s year-end address to the energy industry.  By Jason Spiess, The Crude Life Media Network Tis’ the season for annual meetings and North Dakota Governor Doug Burgum caught many people’s attention with his public speech that was making the rounds. Burgum took full advantage of his invitation ...

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ND Oil and Gas Rules Move to Next Phase of Approval

nd oil and gas rules change

According to a recent report by Jason Spiess of The Crude Life Media Network, the ND Oil and Gas Division presented an order of proposed final administrative rules to the North Dakota Industrial Commission on Tuesday. The Commission voted 3-0 to approve the rule change order. Changes to the administrative code include proposals to require sundry notices for spills not ...

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Why selling crude oil to China is good for America

exports, Bakken, china

Continental Resources, Inc. recently announced its first-ever sale of Bakken oil specifically for delivery overseas. Continental Resources has sold 1,005,000 barrels of crude oil for November delivery to Atlantic Trading and Marketing (“ATMI”), which intends to export the oil to China. “This is a historic day for Continental and begins a new chapter in our long-term strategy to establish multiple ...

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