Warwick expands Eagle Ford position with $450M purchase
Warwick Investment Group has reached a deal to acquire...
Warwick Investment Group has reached a deal to acquire oil and natural gas assets in the Eagle Ford Shale from Rosewood Resources for $450 million and said that future development will target natural gas and natural gas liquids. "Current oil production and near-term development will provide Warwick exposure to oil prices and the recovery in oil demand observed in the persistent decline in U.S. oil inventories," Warwick said.
US Gulf oil volumes seen lower in Aug., Sept. due to Ida
The Energy Department expects US Gulf of Mexico oil production to decline by 200,000 barrels per day...
The Energy Department expects US Gulf of Mexico oil production to decline by 200,000 barrels per day in August to 1.5 million barrels per day and by 500,000 barrels per day in September to 1.2 million barrels per day due to disruptions caused by Hurricane Ida. The storm affected as much as 96% of crude oil output and 94% of natural gas output, but production volumes should recover fully by October.
US Drillers Add Rigs for Second Consecutive Week, GoM Unchanged
U.S. energy firms this week added oil and natural gas rigs for a second...
U.S. energy firms this week added oil and natural gas rigs for a second week in a row, although the number of offshore units in the Gulf of Mexico (GoM) remained unchanged after Hurricane Ida slammed into the coast over two weeks ago.
Fourteen offshore GoM rigs shut two weeks ago due to Ida remained shut, energy services firm Baker Hughes Co. said in its weekly report. Last week, four of those offshore rigs returned to service. The oil and gas rig count, an early indicator of future output, rose nine to 512 in the week to Sept. 17, its highest since April 2020, Baker Hughes said.
That puts the total rig count up 257 rigs, or 101%, over this time last year.
U.S. oil rigs rose 10 to 411 this week, their highest since April 2020, while gas rigs fell one to 100.
N.M. oil, gas ozone pollution rules to be unveiled soon
The New Mexico Environment Department is scheduled to present its proposed regulations for curbing ozone...
The New Mexico Environment Department is scheduled to present its proposed regulations for curbing ozone pollution from oil and natural gas operations on Sept. 20 during a virtual public hearing hosted by the Environmental Improvement Board. Ozone pollution could decrease by about 260 million pounds per year if the EIB approves the rules, according to NMED.
Tellurian presents Haynesville drilling program for 2022
Tellurian will drill 13 wells in the Haynesville Shale next year in order to secure enough feed gas supply...
Tellurian will drill 13 wells in the Haynesville Shale next year in order to secure enough feed gas supply for the first phase of its proposed Driftwood LNG export terminal in Louisiana, said John Howie, the company's head of production. Tellurian expects to produce roughly 100 million cubic feet per day by the end of 2021, a threefold increase from a year earlier but well short of the 1.5 billion cubic feet per day it needs for the plant.
