follow us Twitter Facebook
OKLAHOMA INDEPENDENT PETROLEUM ASSOCIATION ABOUT | CONTACT
OIPA News
<< Back to News

Oil and Gas Roundup

March 01, 2013
TOPICS: In the news
U.S. oil production skyrockets to 20-year high
Horizontal drilling and hydraulic fracturing are fueling an energy revolution in the United States, propelling production to more than 7 million barrels a day in the country. That number is the highest since 1992, the U.S. Energy Information Administration reported this week.

Forbes columnist: ‘Mass hysteria!’ in Keystone XL and New York fracking delays
The anti-development crowd has been “extremely effective in sowing indecision, uncertainty, and media-fed hype” about energy-related projects and processes that are proven safe, David Blackmon writes this week in his Forbes column.

Shale gas boom will last decades, study finds
Drilling for natural gas in shale rock formations likely will continue for decades in the U.S., according to a new study. A well-by-well study of the Barnett Shale from the University of Texas showed enormous resources that should be profitable even at lower natural gas prices.

Continental profits up; SandRidge losses narrow
Increased oil and natural gas production boosted Continental Resources’ profits and narrowed SandRidge Energy’s losses in the fourth quarter. “We completed 2012 with an excellent fourth quarter, and growth momentum continues in 2013,” Harold Hamm, Continental’s chairman and CEO, said in a statement. SandRidge CEO Tom Ward attributed the production improvements to the company's efforts in the Mississippi Lime in northern Oklahoma and western Kansas.

CLICK THE LINKS FOR THE FULL STORIES.
 
<< Back to news


AD

Topic

AD