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Natural Gas

U.S. rig count declines by 1 to 568

baker hughes rig count

Baker Hughes’ latest rig count report shows the number of rigs drilling for oil rose by two this week to 452. Rigs drilling for natural gas was down 2. The total rig count fell by one to 568, still higher than the May low of 404. Total offshore rigs are down 12 from last year at this time. States losing ...

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Trump election shows promise for oil and gas industry

harold hamm endorses donald trump

The U.S. oil and gas industry shows tentative hope that a new Trump administration will “re-ignite growth in the sector,” according to a Forbes article Friday. Frank Murphy, managing director of RW Baird, said: The 45th president will likely remove regulatory impediments imposed by the Obama administration that have stymied oil and gas drilling and infrastructure buildout. Forbes reported Murphy ...

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Hamm joins Trump’s short list of cabinet prospects

trump, hamm, cabinet

As the dust settles from this year’s presidential election, conversation has already turned to Donald Trump’s proposed cabinet. Big names like Rudy Guiliani, former New York City Mayor, and other “like-minded CEOs,” top the list for positions in Trump’s cabinet. What does this mean for the oil and gas industry? One of the industry’s most prominent businessmen could hold a ...

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Iran makes $6 billion deal with Total, CNPC

total SA, Iran

According to the Wall Street Journal, Iran plans to sign a preliminary $6 billion deal with Total SA on Tuesday to help develop an onshore gas field. The move by Total is the first return by a Western energy company since sanctions were lifted this year. Total was long one of the most active Western oil companies in Iran, and ...

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Industry closely watches Monterey County fracking ban measure

Monterey oil field, fracking ban.

Fracking bans. It’s not the first time these words have reverberated across the oil and gas industry. It’s two tiny words that could mean that men and women are out of jobs, and oil and gas stays in the ground, since many reserves just can’t be reached through conventional drilling. In the United States, Vermont banned fracking in 2012, the ...

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US rig count up 4 this week to 557; North Dakota gains 5

baker hughes rig count

HOUSTON (AP) — The number of rigs exploring for oil and natural gas in the U.S. increased by 4 this week to 557. A year ago, 775 rigs were active. Depressed energy prices have sharply curtailed oil and gas exploration. Houston oilfield services company Baker Hughes Inc. said Friday that 441 rigs sought oil and 114 explored for natural gas ...

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Federal agency levies $732,100 in fines against ONEOK

TransCanada

TULSA, Okla. (AP) — The U.S. Department of Transportation’s Pipeline and Hazardous Materials Safety Administration has announced fines totaling $732,000 against Tulsa-based ONEOK following a fire at a ONEOK facility in Bushton, Kansas. The PHMSA says 15 safety violations of pipeline safety regulations were found during an investigation following the fire. The fines are against ONEOK NGL Pipeline, L.P., ONEOK ...

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USGS: Oklahoma earthquake likely caused by wastewater disposal

Oklahoma earthquake, wastewater injection well

FAIRVIEW, Okla. (AP) — The third-largest earthquake in Oklahoma was likely triggered by underground disposal of wastewater from oil and natural gas production, the U.S. Geological Survey found in a report issued Monday. The magnitude 5.1 quake that struck northwest of Fairview in February was likely induced by distant disposal wells, the agency said. The USGS report indicated that in ...

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Protesters emerge from pipeline stored at construction site

pennsylvania pipeline gas explosion

VERPLANCK, N.Y. (AP) — Four protesters have emerged from an above-ground section of a steel natural gas pipeline that’s being built underneath the Hudson River after they climbed into it to protest a pipeline from Pennsylvania to New York. A protest group says Rebecca Berlin, Mackenzie Wilkins, Dave Publow and Janet Gonzalez entered a work site early Monday and entered ...

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Major work planned on leaky Wyoming gas pipeline

CHEYENNE, Wyo. (AP) — A pipeline company plans to replace sections of a Wyoming natural gas pipeline that has had two leaks since August. The 16-inch-wide pipeline sprung a major leak 14 miles north of Douglas on Sept. 6. Authorities closed Wyoming Highway 59 for more than two hours while workers shut off the flow. The leaking gas didn’t ignite. ...

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