A federal judge on Monday refused to grant a preliminary injunction that would have prevented the implementation of the Bureau of Land Management's new rules on venting and flaring methane from oil and natural gas wells. US District Judge Scott Skavdahl ruled that the court "cannot conclude the rule enacted exceeds the secretary's authority or is arbitrary and capricious."
Noble Energy has agreed to buy Clayton Williams Energy in a $2.7 billion deal that will expand its position in the Permian Basin to 120,000 acres and 4,200 drilling locations. "This makes us a leading player in the core of the core of the Delaware Basin," said Noble Energy President and CEO David Stover.
An Energy Department analysis shows natural gas topped coal as the main source of electric power generation in the US for the first time in 2016, accounting for 34% of electricity versus 30% for coal. In 2017, natural gas will likely lose some ground because of higher prices, according to the department.
A portion of a Paramount Resources-owned pipeline in Alberta, Canada, suffered damage estimated at $383,000 to $537,000 and will have to be replaced after vandals tried to dig it up using construction equipment. No spill occurred since the pipeline was still under construction.
A 22-inch oil pipeline operated by Enbridge Energy spilled 365 barrels of crude oil over the weekend in Lawrence County, Mo., prompting the closure of a local highway. Enbridge is working to clean up the oil and said it's taking "every measure" to make sure the leak doesn't contaminate water supplies.
North Dakota produced 1.03 million barrels of oil per day in November, down slightly from 1.04 million in October, figures from the North Dakota Industrial Commission show. Natural gas production, meanwhile, rose to a record high of about 1.76 billion cubic feet per day in November, up from about 1.71 billion cubic feet per day the previous month.
SM Energy is searching for a buyer for its remaining acreage in Divide County, N.D., as it seeks to exit the Williston Basin to focus on the Permian Basin. "Over the next five years, we intend to focus on generating significant high margin production growth from our operated acreage positions in the Midland Basin and Eagle Ford," said SM Energy President and CEO Jay Ottoson.
Oklahoma-based app developer Greg Archbald has created an app for the oil and natural gas industry that aims to facilitate communication between well pumpers and operators and make it easier for them to track well information and daily progress. "With GreaseBook, operators can create measurable improvements to your pumpers' contributions while generating a powerful impact to your current and future cash flows," Archbald says.
Geoscientists and oil and natural gas developers will likely be interested in sonar images of the Indian Ocean floor taken during the search for Malaysia Airlines Flight 370, which will be released by Geoscience Australia. The maps will expose information about plate tectonics and potential locations of oilfields, says Neville Exon, marine geologist at Australian National University.
Chinese scientists hope to learn more about observing and predicting earthquakes through a satellite that will gather electromagnetic data from space. The satellite, which is scheduled to launch later this year and spend five years in orbit, is set to record earthquakes of magnitude 6 and higher in China, and magnitude 7 and higher globally, said Shen Xuhui, the mission's deputy chief.
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