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

Oil and Gas Roundup — April 14

April 14, 2017
TOPICS: In the news
A roundup of oil and natural gas industry news from around the state, nation and world:

State rig number jumps by 3 as national count adds 8

The number of rigs exploring for oil and natural gas in Oklahoma climbed by three to 125 for the week ending April 13, according to information from Baker Hughes. Nationwide, eight more rigs came online for a total of 847.

The national number saw 683 rigs exploring for oil and 162 for natural gas; 706 were horizontal, 77 were vertical.

A year ago, 63 rigs were active in Oklahoma and 440 nationwide.

Of the other major oil- and gas-producing states, Texas added two to 420, New Mexico added 7 to 58, Louisiana fell two to 58, North Dakota added one rig to 43, Pennsylvania (33) and Colorado (28) were unchanged and Ohio added one to 22.


U.S. oil output could near 1970 record next year, EIA says

The Energy Department believes another burst of shale drilling could push U.S. oil production close to an all-time record by the end of next year.

The return of drilling rigs and roustabouts to U.S. shale fields could lift the nation’s daily crude output to 10.1 million barrels by the fourth quarter of 2018, just 30,000 barrels under the November 1970 record, the Energy Information Administration said Tuesday.

Such a feat would mean domestic oil producers would have to put out an additional 1.2 million barrels a day over the next two years, up from the current 8.96 million barrels a day.

The EIA said that would contribute to a rise in global output to more than 100 million barrels a day by the second quarter of 2018, up 3.4 percent from current levels. The bulk of that growth, it believes, would come from outside of OPEC.

The EIA revised its forecast for U.S. oil production up by around 2 percent for 2018, and it increased its projection for the fourth quarter of 2017 up about 1 percent.

Read more at FuelFix.


U.S. raises gas, oil estimates along Gulf coast

Two geologic formations along the US Gulf coastline may contain 304 Tcf (8.6 trillion m3) of technically recoverable natural gas, or four times more than previously thought, according to a new government study.

The US Geological Survey (USGS) study, published today, could spur further interest in oil and gas development of the Bossier and Haynesville formations. The prolific Marcellus and Utica shales in the northeast US, in comparison, holds a combined 122 Tcf of technically recoverable natural gas, according to 2011 and 2012 studies from the USGS.

Today's study also estimates the Bossier and Haynesville formations hold 4bn bl of technically recoverable oil and 1.9bn bl of NGLs.

The Bossier and Haynesville stretch hundreds of miles from the Texas-Mexico border to western Florida. The formations extend as far north as Arkansas and continues into waters close to the shoreline. The Haynesville region is already highly developed and accounts for about 6.2 Bcf/d in gas production, according to data from the US Energy Information Administration.

The USGS in 2010 had estimated the Bossier formation held 9 Tcf of technically recoverable gas and the Haynesville held 61 Tcf. Today's study estimates the [Bossier]( https://pubs.usgs.gov/fs/2017/3015/fs20173015.pdf) holds 109 Tcf of gas, about 12 times higher than before, while the Haynesville holds 196 Tcf of gas. The estimate increase is due in part to technical advancements in hydraulic fracturing over the past seven years.


Coming to a town near you? Pipeline protesters and their environmental destruction

The latest craze for the Keep It in the Ground (KIITG) movement is setting up camps along proposed pipelines routes in an effort to delay or halt the projects — the most infamous of these being the #NoDAPL camps in North Dakota to protest the Dakota Access Pipeline (DAPL).

If there’s one lesson to be learned for the #NoDAPL camps, it’s that these protesters leave behind big environmental messes and add to already burdened municipal budgets that taxpayers are forced to pay for.

Unfortunately, #NoDAPL copycat camps are now being set up across the country. And as was the case in North Dakota, these protest camps are not comprised of locals protesting a pipeline in their community — they are predominantly made up of protesters that travel from state to state looking for the next camp to call home, with the goal of disrupting at any costs including illegal activities that end in arrest.

In fact, Morton County, N.D., Sheriff’s Office reported that from Aug. 10, 2016, to March 7, 2017, North Dakota authorities arrested 709 protesters, with one-third of them having prior criminal records and 94 percent being from out of state.

Despite claims that these protests are to “protect the environment,” protesters have left behind major messes in North Dakota and a bill totaling around $38 million that will be paid by state and federal taxpayers.

From SayAnythingBlog’s recent interview with a North Dakota Highway Patrolman: “The thousands of activists who flocked to North Dakota trespassed on private land, vandalized private property, and used violent and intimidating tactics against law enforcement and the public. And then they left, failing to clean up hundreds of abandoned cars and literally tons of garbage.

With the spring melt of record-setting snowfalls meaning the flood plain the camp was established on will almost certainly flood, there is an ecological disaster in the offing.”

Read more at Energy In Depth.
 
<< Back to news


AD

Topic

AD