Oil & Gas
Top stories summarized by our editors
5/25/2018

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smartbrief.com
5/25/2018

The US Gulf of Mexico is seeing a spike in oil and natural gas drilling activity as the Trump administration's regulatory rollbacks help reignite investor interest in the region, says Bureau of Safety and Environmental Enforcement Director Scott Angelle. There were 46 active rigs in the Gulf of Mexico as of May 14, the highest level since May 2016, while the number of deepwater drilling permits issued nearly doubled from a year ago to 35, according to a BSEE report.

5/25/2018

Black Mountain Sand is expanding to the Eagle Ford Shale with plans to build a sand mine to serve hydraulic fracturing operations in the region. The mine, expected to be completed by the end of the year, will be located in Atascosa County, Texas, and will have a capacity of 2.2 million metric tons of sand annually.

5/25/2018

Callon Petroleum has agreed to acquire 28,657 net surface acres in the Permian Basin from Cimarex Energy for $570 million in a deal that would expand Callon's Permian foothold to 86,000 net surface acres. The assets produced 6,831 barrels of oil equivalent per day in the first quarter.

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Oil & Gas Journal
5/25/2018

Apache has signed on as a customer for Enterprise Products Partners' 658-mile Shin Oak natural gas liquids pipeline running from Reeves County, Texas, to Mont Belvieu, Texas. The pipeline will have an initial capacity of 550,000 barrels per day and is due to enter service in the second quarter of 2019.

5/25/2018

Drilling in the Arctic National Wildlife Refuge could top out at 560,000 barrels per day in 2039 -- double Alaska's current output levels -- even in the most conservative scenario in which the coastal plain holds only 5.7 billion barrels of oil, according to the Energy Information Administration. The US Geological Survey's mean estimate calls for 10.4 billion barrels of technically recoverable crude in ANWR's coastal plain, in which case oil production would peak at 880,000 barrels per day in 2041, the EIA said.

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Argus Media
5/25/2018

Royal Dutch Shell has found oil in a well about 21 kilometers from the Appomattox deepwater platform in the Gulf of Mexico, the company said Thursday. The Dover well discovery, the company's sixth in the Gulf's Norphlet region, is southeast of New Orleans and about 274 kilometers off the coast.

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Royal Dutch Shell
5/25/2018

A survey shows oil and natural gas companies are slow to adopt internet of things technology because of difficulties connecting to networks in remote areas and integrating the technology with current platforms, says Gary Bray, energy director at Inmarsat Enterprise. Energy companies should focus on using satellite communications to solve connection problems, he says.

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Rigzone
5/25/2018

Mubadala Petroleum, the Russian Direct Investment Fund and Gazprom Neft said Thursday they'll work together to develop oilfields in Omsk and Tomsk in Siberia. The fields, operated by Gazpromneft-Vostok, contain an estimated 300 million barrels of proven and probable reserves, the companies say.

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S&P Global Platts
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Gazprom Neft, Mubadala Petroleum
5/25/2018

China National Offshore Oil says production at the Kingfisher oilfield in Uganda likely will begin in 2021. The Chinese oil company, which is developing the field for partners Total and Tullow Oil, plans to make a final investment decision later this year, said Likun Kuang, CNOOC Uganda's finance manager.