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Pennsylvania Benefits from Oil & Gas Production
Citing an article in the “Pennsylvania Business Daily”, “Rigzone” reports that drilling, fracking and the consequent oil and gas production has resulted in jobs and funding for infrastructure in the state. While there is still some opposition, residents are becoming more receptive to drilling and completion activities. This acceptance is a relatively recent development according… Read More
House to Hold Hearings on Crude Export Ban
The U. S. House of Representatives subcommittee on energy and power, chaired by Ed Whitfield (R-KY), will hold hearings on the 1975 Energy Policy and Conservation Act on December 11. One of the provisions of the legislation was a ban on crude oil exports. In a press release, Whitfield said “We need to take a… Read More
Creative Accounting for Texas Oil & Gas Acreage
Some oil and gas operators, especially in the Permian Basin of West Texas, are trying to engage in creative accounting for acreage, according to a recent article in “Rigzone”. The new concept, “net effective acreage” starts with traditional surface acreage, and multiplies it by the number of possible hydrocarbon bearing layers of rock below. Advocates… Read More
The Future of Thermal EOR
“Rigzone” recently published a three part series of articles on Enhanced Oil Recovery (EOR) the first two segments dealt with CO2 and Chemical EOR. This third and final installment, written by Matthew Jones with the research firm Visiongain, deals with Thermal EOR. Thermal EOR involves the introduction of heat (typically steam) into a reservoir to… Read More
Apache to Sell Non-Core Assets
In February of this year, Apache announced it would sell its interests in Argentina. In May, the company indicated its intention to divest its share of two development projects and 11 deep water blocks in the Gulf of Mexico. In June, it announced the disposition of assets in Western Canada, and a month later its… Read More
