Oil & Gas
Top stories summarized by our editors
11/13/2018

Hi-Crush Partners has struck a long-term agreement to deliver Northern White frac sand to Chesapeake Energy's operations in Pennsylvania's Marcellus Shale and Wyoming's Powder River Basin.

11/13/2018

The depth of wastewater disposal wells, the amount of water and the injection rate increase the likelihood of earthquakes related to oil and gas operations' wastewater disposal, a University of Texas study found. Wastewater pressure can make faults slip in brittle basement rock formations, located at shallow depths in some regions, the report notes.

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University of Texas
11/13/2018

Limited pipeline capacity and looming weather-related rail loading disruptions are likely to put downward pressure on Bakken crude prices, which traded as much as $20 per barrel below US crude futures last week. Bakken oil production reached a record 1.3 million barrels a day in October, exceeding pipeline capacity of only 1.25 million barrels daily and forcing producers to turn to rail.

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Reuters
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Bakken
11/13/2018

The Environmental Protection Agency and the state of New Mexico have released a draft report that studies potential oil and natural gas drilling wastewater reuse scenarios and suggests amending existing regulations to facilitate wastewater treatment and recycling. The oil and gas industry in drought-prone New Mexico produced almost 38 billion gallons of wastewater last year, and the volume is set to rise as Permian Basin drilling expands.

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The Associated Press
11/12/2018

Digitalization and automation could generate $73 billion in annual savings within five years for exploration and production companies while significantly improving discovery success rates, reports Wood Mackenzie. The consultancy advises energy firms to buy technology outside of the industry instead of developing in-house solutions to minimize costs and achieve faster results.

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Reuters
11/12/2018

US crude futures fell for a 10th consecutive session on Friday, marking the longest losing streak since 1984, amid renewed oversupply concerns and signs of slowing demand growth. West Texas Intermediate for December delivery slid 0.8% to $60.19 per barrel Friday and was down about 21% from its October peak.

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West Texas Intermediate
11/12/2018

Phillips 66 is planning to build two crude oil pipeline systems, one running from the Bakken Shale and the Rockies to Corpus Christi, Texas, and the other stretching from Cushing, Okla., to Gulf Coast refineries and ports. The 350,000-barrel-per-day Liberty Pipeline and 400,000-barrel-per-day Red Oak Pipeline are expected to wrap up construction by the end of 2020.

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Phillips
11/12/2018

Magellan Midstream Partners and Navigator Energy Services are holding an open season to assess customer interest in a 250,000-barrel-per-day pipeline that would ship crude and condensate from Cushing, Okla., to Houston. The pipeline could enter service in 2020.

11/12/2018

US oil and natural gas drillers added 14 rigs last week, bringing the count to 1,081 units, including 886 drilling for oil, Baker Hughes reported. New Mexico and Oklahoma gained four rigs each, while Colorado, offshore Louisiana and Pennsylvania also had several additions.

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Baker Hughes
11/12/2018

The Bureau of Land Management will offer 254 tracts in the 23 million-acre National Petroleum Reserve-Alaska at its annual lease sale scheduled for Dec. 12. "This year's lease sale demonstrates our commitment to continue Alaska energy production in the National Petroleum Reserve and create jobs and revenue for the state," said Ted Murphy, BLM Alaska acting state director.