Oil & Gas
Top stories summarized by our editors
3/18/2019

US natural gas production increased 11% year-on-year in 2018, the strongest rate of growth on record, with gross withdrawals averaging 101.3 billion cubic feet per day, while marketed and dry gas output also hit records of 89.6 bcf/d and 83.4 bcf/d, respectively. Total natural gas exports climbed 14% to 9.9 bcf/d, while shipments of liquefied natural gas rose 53% to 3 bcf/d.

3/18/2019

The Federal Energy Regulatory Commission said in a final environmental impact statement for Texas LNG's proposed liquefied natural gas export project in Brownsville, Texas, that any adverse impacts on the environment could be mitigated. However, the FERC warned of "permanent" and "significant" cumulative impacts on three endangered species when other proposed energy projects in the area are taken into account.

3/18/2019

Trafigura's plans for a deepwater oil export terminal along the American Gulf Coast could face a delay of at least a month as the Maritime Administration and Coast Guard paused the project's review until the company provides more details. Trafigura spokeswoman Victoria Dix said such events happen frequently in regulatory reviews "to ensure officials have adequate time to review materials or to allow the applicant to provide additional information."

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Reuters
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Trafigura
3/18/2019

North Dakota drillers pumped 1.4 million barrels of oil per day in January, down slightly from December's record levels, reported the state's Mineral Resources Department. Meanwhile, natural gas output climbed 2.6% in January to an all-time high of 2.7 billion cubic feet per day.

3/18/2019

The number of onshore rigs drilling for oil and natural gas dropped by three last week, while two rigs were deployed in the Gulf of Mexico, bringing the overall rig count down by one to 1,026 active rigs, Baker Hughes said. Texas and Oklahoma shed one and five rigs, respectively, while Alaska and North Dakota gained three units each.

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Baker Hughes
3/18/2019

President Donald Trump's upcoming five-year drilling plan will likely include some Atlantic waters, said Joe Balash, the Interior Department's assistant secretary for land and minerals management, despite resistance from East Coast states. The proposal will likely be published in the 2019's second quarter, Balash added.

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Reuters
3/18/2019

Using a technique for inverting 3D gravity data, researchers found that regional faults can offer clues as to how the rugged northern Cordillera mountain range in Alaska and northwestern Canada evolved. The research models the form, depth and extent of low-density rock zones in the range.

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Eos
3/18/2019

On Sunday, a magnitude 5.5 earthquake on Indonesia's Lombok island and a resulting landslide at the Tiu Kelep waterfall below the Mount Rinjani volcano killed at least two people, injured 44 and damaged about 500 homes, according to an Indonesian National Disaster Mitigation Agency spokesman and the US Geological Survey. Rescuers were able to evacuate about 85 people from the waterfall site and the mountainous area around the volcano, the spokesman said.

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The Associated Press
3/18/2019

The Orinduik block off the Guyanese coast contains 3.5 billion recoverable oil barrels and 2.8 trillion cubic feet of natural gas, up from September estimates by a third, says Eco Atlantic Oil and Gas. The company, which has a 15% stake in the Tullow-operated block, says the first well will be drilled in June but that a second still requires partner approval.

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Reuters
3/18/2019

Diamondback Energy has asked the Railroad Commission of Texas for permission to drill 17 wells into geological layers in five Permian Basin counties. The company, which produced over 24.3 million oil barrels and over 42.4 billion cubic feet of natural gas last year, wants to target the Spraberry and Wolfcamp layers on state-owned lands.