On April 20, 2010, the horrific Deepwater Horizon explosion in the Gulf of Mexico brought a halt to most new drilling in the Gulf as the US government imposed a six-month moratorium on drilling activity while trying to sort out the problem and determine how to prevent another such event.
US natural gas exports to Mexico grew by 24% to 1.69 billion cubic feet per day (bcf/d) in 2012, the highest level since the data collection began in 1973.
The task of an explorer is difficult and demanding. Shareholders and management, along with the broader market, expect—and, in some cases, mandate—the relentless generation of prospects located in regions of the world that are stable, both politically and fiscally, at entry costs that are relatively insignificant (i.e., limited signature bonuses, limited work commitments, and/or limited promotes).
In February, the US Fish and Wildlife Service (FWS) published a workplan that is required reading for anyone seeking to undertake project development in the United States in the next five years.
Exploration for oil and gas is leaning more on science and automation every day. Rigs are drilling deeper, platforms are stationed farther out into international waters, and sophisticated electronics dominate the machinery that runs it all.
Man camps. What exactly are they? This is the same question currently being posed by state, city, and county officials in booming oil towns across the United States and in Canada.
The Utica shale formation spans an area from Ohio to Pennsylvania, into New York, across the Canadian border, and into two Great Lakes (Erie and Ontario).
In the hands of its new steward, Mexico seems to be at the brim of a prodigious reincarnation that promises to usher in an era of wealth and a better life for Mexicans.
We have an interesting lineup of articles for April, so I'm going to talk about them a little in this month's column. April's focus is on offshore activity, and the issue gets extra distribution at the annual Offshore Technology Conference, which begins in Houston on May 6.
PLS reports that, from February 17th to March 16th, global upstream deal activity totaled $13.1 billion bringing the first quarter 2013 tally (through March 16th) up to $20.2 billion.
Independent research firm IHS Herold Inc. has provided OGFJ with updated production data for our periodic ranking of US-based private E&P companies. The rankings are based on operated production only within the United States.
On a grand scale, the oil and gas industry is of great importance to the North American economy and plays an instrumental role in national energy security.