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U.S. Oil Producers Fight Back

To combat the lower global oil prices brought on by Saudi Arabia, U.S. oil and gas producers are using new technology to get more out of every well and operate more efficiently. Operators in North Dakota and Texas are discovering ...

How Oil Companies Manage Debt

A series of articles by Market Realist have focused on how U.S. oil and gas companies operations in shale plays are managing their debt.  Recent articles have reviewed the activities of Apache Corporation and Continental Resources. This week's article addresses ...

Oil Companies Challenge Hydraulic Fracking Regulations

The Independent Petroleum Association of America (IPAA) and Western Energy Alliance sued the U.S. Interior Department on Friday, March 20 when the Obama administration announced the new regulations for hydraulic fracturing on public lands.  New regulations require operating companies to ...

GOM Returning to Baseline Condition 5 years after Deepwater Horizon

A new scientific study five years after the BP Deepwater Horizon oil spill shows that the Gulf of Mexico (GOM) has returned to the baseline environmental condition prior to the spill. Key findings: No long-term adverse impact to bird and ...

OPEC Predicts Impact by Late 2015

Continuing low oil prices raises OPEC's expectations that the output will be slowed and the production of U.S. "tight" oil, from shale plays will be curbed towards the end of 2015. OPEC plans no action until after their June meeting, ...

New Regulations for all Aspects of Oil Production Predicted

Recently, attorneys from the LeClariRyan national law firm in Houston outlined "a raft of existing or potential regulations that could affect oil and gas companies in 2015 and beyond."  Among potential issues cited were; changes by OSHA to injury reporting ...

Oil and Gas Companies Selling Midstream Assets

The latest trend in the oil and gas industry to stem the lost of cash flow resulting from low oil prices is to sell off midstream assets, including companies that transport, process and store petroleum. Anadarko Petroleum, Devon Energy , Antero Resources , Chesapeake Energy and QEP ...

Exploration in the North Sea Continues

Despite the low price of oil, long term exploration in the North Sea continues.  As the fields in the Norwegian Continental Shelf (NCS) are reaching maturity, "operators are looking to the more remote areas of the Barents Sea for further ...

ExxonMobil Anticipated Lower prices since 2013

Top management had been planning for lower oil prices since 2013. Recently ExxonMobil CEO Rex Tillerson said at the company's Analyst Day meeting that "people should get used to the idea that oil prices could remain low for a while." ...

Service Companies Cautions about 2015 Drilling Activity

Schlumberger, the largest oilfield service company in the U.S. commented on 2015 activity, “In response to the falling oil prices, the industry is currently in the process of significantly reducing E&P investments which will lead to a reduction in supply ...