OIL AND GAS
American Oil & Gas to Sell Ownership in Wyoming Assets
The operator said it signed a letter of intent to sell all of American’s ownership in non-producing wells, producing wells and undeveloped acreage located in the Powder River Basin for approximately $44 million.
2Mar2010 | admin | 0 comments | Continued
Legacy Completes Purchase of Multiple Wyoming Fields
Legacy Reserves LP has closed the acquisition of thirteen operated oil fields in Wyoming from St. Mary Land & Exploration Company based in Denver.
25Feb2010 | admin | 0 comments | Continued
Bloomberg: Natural Gas Glut Continues Despite
Drilling Reduction
Figures compiled by regulators in Texas and Wyoming, the biggest U.S. gas sources, are overstating the drain on supply from rigs idled by producers. “A massive collapse in the gas supply is a pipe dream,” said analyst Subash Chandra.
11Feb2010 | admin | 0 comments | Continued
Exxon, XTO Execs Defend Merger and Safety
of Shale Gas Production
Their comments came before a House Energy and Commerce subcommittee hearing to vet the planned merger of Exxon Mobil—the world’s largest publicly traded oil company—with XTO, a pioneer in the use of hydraulic fracturing to produce natural gas from unconventional sources.
21Jan2010 | admin | 0 comments | Continued
New Life for Old Field
Anadarko Petroleum has squeezed an additional 10 million barrels of oil from the historic Salt Creek field north of Casper since beginning an enhanced oil recovery effort in 2003, according to the company. In doing so, the energy company also sequestered – or stored – 181 billion cubic feet of carbon dioxide.
19Jan2010 | admin | 0 comments | Continued
Royal Energy Resources Obtains Natrona County Interest
“The field in Natrona County marks our acquisition in Wyoming of oil and gas mineral rights. Teaming up with industry leaders like Bill Barret Corporation is important in achieving early success in our oil and gas production revenue future,” stated Company president, Jacob Roth.
19Jan2010 | admin | 0 comments | Continued
Hearing on Exxon’s XTO Acquisition Planned — “Fracking” Issue Could be Raised
A congressional hearing on the proposed merger between ExxonMobil and XTO Energy is planned by the Subcommittee on Energy and Environment as it examines the impact of the potential deal on the U.S. energy market. Rep Markey could want the practice of hydraulic fracturing raised.
18Jan2010 | admin | 0 comments | Continued
Viewpoint: Pipeline Projects Will Boost State and Industry
Two proposed natural gas pipelines that would greatly expand capacity for Wyoming producers have been recommended for approval by the staff of the Federal Energy Regulatory Commission.
17Jan2010 | admin | 0 comments | Continued
State’s Gas Production Drops for First Time in Years
For the first time in more than a decade, natural gas production in the industry’s top producing state declined, in large part because of a big drop in demand from industrial companies. Gas production had been steadily increasing from 1998 through 2008, which helped generate billion-dollar budget surpluses.
16Jan2010 | admin | 0 comments | Continued
Feds Recommend Approval of Two
Rockies Pipelines
Combined, the proposed pipelines would move almost 2 billion cubic feet of natural gas a day — enough to fuel about 9 million homes. It would amount to a roughly 25 percent increase over current gas exports from Colorado, Wyoming and Utah.
12Jan2010 | admin | 0 comments | Continued
State’s Energy Sector Appears to be Stabilizing
While the 100 net jobs gain in the industry is modest, any increase at all is good news for Wyoming’s energy industry. Employment in the sector collapsed over the last year from its level of more than 20,000 workers in late 2008. It may be a tentative sign of things leveling off, said a state employment analyst.
5Jan2010 | admin | 0 comments | Continued
Salazar Set to Unveil Oil and Gas Leasing Reforms
The administration is set to reveal new federal leasing practices it hopes will increase confidence in the system. “We are not just about the business of letting the oil and gas industry run the Department of Interior,” Secretary Salazar said in the New Year’s Eve interview.
4Jan2010 | admin | 0 comments | Continued
