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Tag Archives: Oil and natural gas

Oklahoma oil, gas regulators order changes after earthquakes

produced water, water infrastructure, h2o midstream

OKLAHOMA CITY — The state commission that regulates Oklahoma’s oil and natural gas industry ordered some injection well operators to reduce wastewater disposal volumes on Monday after at least a dozen earthquakes hit an area north of Oklahoma City in less than a week. The Oklahoma Corporation Commission said it was implementing a plan that affects five wastewater injection wells ...

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US rig count stable this week, holds at 709

HOUSTON — Oilfield services company Baker Hughes Inc. says the number of rigs exploring for oil and natural gas in the U.S. this week held steady at 709. Houston’s Baker Hughes said Friday that 541 rigs were seeking oil and 168 explored for natural gas. A year ago, with oil prices more than double current prices, 1,875 rigs were active. ...

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US rig count declines by 7 this week to 737

HOUSTON — Oilfield services company Baker Hughes Inc. says the number of rigs exploring for oil and natural gas in the U.S. this week declined by seven to 737. Houston’s Baker Hughes said Friday that 545 rigs were seeking oil and 192 explored for natural gas. A year ago, with oil prices almost double the prices now, 1,920 rigs were ...

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Denbury Resources suspends dividend

Oil and natural gas producer Denbury Resources Inc said it would suspend dividend payments from the fourth quarter, hurt by a slump in crude oil prices. The company said it expected to save about $88 million annually, which it intended to use for cutting debt, increasing capital spending or buying back shares. “Although our oil commodity hedges and proactive reduction ...

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US oil and natural gas rig count drops by 11 to 894

HOUSTON — Oilfield services company Baker Hughes Inc. says the number of rigs exploring for oil and natural gas in the U.S. declined by 11 this week to 894. Houston-based Baker Hughes said Friday that 668 rigs were seeking oil and 221 explored for natural gas. Five were listed as miscellaneous. A year ago, with oil prices nearly double the ...

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Permian producers see growth

Two of the biggest independent oil companies focused on the Permian Basin say they might start adding drilling rigs in the coming months, spurred by a rise in oil prices and confidence the downturn has passed its bottom. EOG Resources reported plans Tuesday to start adding drilling rigs once oil stabilizes at $65 per barrel. Pioneer Natural Resources on Wednesday ...

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EOG Resources to resume fracking if oil hits $65/barrel

WILLISTON, N.D. – Oil and natural gas producer EOG Resources Inc plans to begin fracking hundreds of wells in North Dakota and Texas later this year if oil prices stabilize around $65 per barrel, executives said on Monday after reporting a better-than-expected adjusted profit. EOG was the latest major U.S. shale oil producer to peg increased operations to a specific ...

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US to become net exporter of energy, experts say

MISSOULA, Mont. — The future of U.S. energy production is bright, with oil and natural gas production growing while domestic demand for petroleum slows. Federal Energy Regulatory Commissioner Norman Bay said Wednesday that the nation will soon be a net exporter of energy. The Missoulian newspaper reports Bay spoke Wednesday at the Asia-Montana Energy Summit at the University of Montana. ...

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