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Production at ConocoPhillips Alaska Site Cut By Ongoing Gas Leak
March 16, 2022
An ongoing natural gas leak that has persisted for at least 11 days at a ConocoPhillips field in Alaska has cut into oil production at the site, Reuters reports, citing data from the state’s Department of Revenue. Crude production at
IEA Says 3 Million Barrels Per Day of Russian Oil, Products Could Be Shut in Next Month
March 16, 2022
Three million barrels per day (bpd) of Russian oil and products may not find their way to market beginning in April in the wake of its invasion of Ukraine, the International Energy Agency (IEA) said on Wednesday, as sanctions bite
WildFire Energy Acquires MD America Energy’s East Texas Eagle Ford Assets
March 15, 2022
WildFire Energy has acquired approximately 45,000 net acres and 200 operated wells in the East Texas Eagle Ford from MD America Energy (MDAE). With the acquisition, WildFire will operate 556 gross wells on 210,000 net acres in the eastern Eagle
U.S. Shale Oil Forecasts Keep Rising as Smaller Producers Lead the Way
March 15, 2022
The publicly traded U.S. shale firms are hesitant to comply with producer caution pledges as oil markets rise amid Russia’s invasion of Ukraine, leaving smaller producers to lead output gains during the highest prices in seven years. According to analysts
Continental Resources Invests $250M in Largest Carbon Capture and Sequestration Project in the World
March 15, 2022
Oklahoma-based Continental Resources said it is contributing $250 million and its operational expertise toward helping to create what backers call the largest carbon capture and sequestration project of its kind in the world. Company leaders said this week its contributions
Ranger Oil Promotes Julia Gwaltney to COO and Senior Vice President
March 15, 2022
Ranger Oil Corporation has promoted Julia Gwaltney to the role of senior vice president and chief operating officer. Gwaltney joined the company in January 2021 as senior vice president of Development. “I have had the pleasure of working with Julia
TC Energy Signs Equity Option Agreements with Indigenous Communities Across Coastal GasLink Project
March 14, 2022
TC Energy Corporation signed option agreements to sell a 10 percent equity interest in the Coastal GasLink Pipeline Limited Partnership to Indigenous communities across the project corridor. The opportunity to become business partners through equity ownership was made available to
Ted Cruz Introduces Energy Freedom Act Bill, to Restore American Energy Independence
March 14, 2022
Republican Senator Ted Cruz of Texas introduced a bill to “restore American energy independence” amid the Russian invasion of Ukraine that is hitting the energy sector hard. Cruz announced his new bill, the Energy Freedom Act, in a press release
Colorado Regulators Reject Occidental Plan to Drill Oil Wells Near Firestone Homes
March 14, 2022
Colorado regulators on Thursday rejected a Houston-based oil company’s 33-well project in Firestone, showing they may make it hard to win exemptions from new state rules requiring buffer zones between neighborhoods and drilling. The Colorado Oil & Gas Conservation Commission
Top Energy Companies Prepare to Launch New $1 Billion Clean Tech Fund
March 14, 2022
A group of the world’s top oil and gas companies are preparing to launch a new fund of over $1 billion to invest in new technologies focused on reducing greenhouse gas emissions from energy use, sources said on Thursday. The
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