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Tag Archives: Permian

Methane emissions decrease in O&G fields


According to a new report by the industry-funded Energy in Depth website, methane emissions fell over a two-year period between 2011 and 2013 at leading oil and gas fields across the U.S. Jennifer Hiller of the San Antonio Express-News reported “The report looked at EPA data on methane, a potent greenhouse gas that can leak from equipment into the atmosphere, ...

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TMS only one of 19 shale plays now unprofitable


Oil prices have dropped so low that 19 shale plays in the U.S. are no longer profitable. On that list are popular plays such as the Eaglebine, the Tuscaloosa Marine Shale (TMS), various Permian formations, and even parts of the Eagle Ford play. Crude prices have hit $75 per barrel, and Goldman Sachs Group Inc. estimates this price is here ...

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Natural gas, oil production projections for December

Natural gas production amongst the top shale plays in the United States will continue to rise through the end of the year, according to the Energy Information Administration (EIA). Oil production is also predicted to be on the rise. Leading the way in natural gas production is the Marcellus Shale play. According to the EIA’s latest Drilling Productivity Report (DPR), ...

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Louisiana earns its first LNG project


Parallax Energy, a newly formed company based in Houston, Texas, hopes to launch its first major liquefied natural gas project in Louisiana. Parallax, which was created by former UK-based BG Group PLC COO Martin Houston, will begin its Live Oak LNG project in Louisiana. Executives hope to finalize the project in November, and these are the only details Houston would reveal. Houston ...

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Permian producers seeing deep discounts


Permian Basin producers are becoming a victim of their own recent success. A report issued this past week by the Energy Information Administration said the rise of production from the Permian Basin has outpaced takeaway infrastructure, causing the price differential between West Texas Intermediate at Midland to fall below West Texas Intermediate Cushing. EIA Analyst T. Mason Hamilton said the ...

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Oil production set to rise in Sept


Lydia Gilbertson | Shale Plays Media Google+ Reuters reported today that the major plays in the United States are set to raise their production levels by 89,000 barrels per day (bpd) in September. According to the Energy Information Administration, Bakken production is set to rise 20,000 bpd to 1.14 million bpd. The Permian Basin is estimated to grow 38,000 bpd to ...

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Devon Energy adds 22 new wells

Zach Ponce | The Carslbad Current-Argus ARTESIA — Devon Energy added 22 new wells in the Bone Springs oilfield between April and June, a sign that the oil and gas company headquartered Oklahoma City is ramping up its production in Southeastern New Mexico. Additional pumping in the area located in the northeastern portion of Eddy County averaged 660 barrels of ...

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Time-lapse map shows fracking history

Zach Koppang | Shale Plays Media Drillinginfo.com has created a time-lapse map of unconventional oil and gas development. The map spans 15 years and shows development in 11 American shale plays. The fracking craze begins near Fort Worth, Texas and quickly explodes into other areas of Texas as well as New Mexico, Oklahoma, Kansas and Colorado. Development of the Bakken ...

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New industry standards create open relationship between operators and impacted communities

Zach Koppang | Shale Plays Media The American Petroleum Institute (API) has issued new and specific standards that will engage unconventional oil and gas operators with the U.S. communities being affected by development. Oil and Gas Journal reports that the new community engagement guidelines are similar to what already exists for railways and pipelines. In a statement to reporters on ...

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