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  1. Foxx signs ANPR seeking comments on crude-oil vapor pressure idea

    US Sec. of Transportation Anthony Foxx has signed an advanced notice of possible rulemaking (ANPR) seeking government, industry, and public contributions on questions about establishing a vapor pressure threshold for crude oil as it is being transported. Such a threshold could help the US Pipeline & Hazardous Materials Safety Administration, which issued the ANPR, and other transportation regulators evaluate its potential benefits within the hazardous materials classification process. Comments will be accepted for 60 days following the ANPR’s publication in the Federal Register, where it was sent on Jan 11. “The American energy landscape is constantly evolving and we need to understand the full scope of safety risks involved with moving energy products in new ways,” PHMSA Administrator Marie Therese Dominguez said. DOT said it has taken more than 30 actions in the past 2 years to improve crude-by-rail safety, including issuing a comprehensive rulemaking package in May 2015 to improve tank car durability, braking and the safe transportation of energy products, and issuing multiple safety advisories and emergency orders. The department also continues collaborating with the US Department of Energy and Sandia National Laboratories on a study to better understand characteristics of crude oil from the Bakken shale in North Dakota, to determine the best sampling and testing methods for this type of crude, and to better understand how vapor pressure affects transportation safety. Long-term findings of this study will continue to inform PHMSA’s rulemaking considerations, DOT said. The American Petroleum Institute and nine other oil and gas industry and other business trade associations asked PHMSA last summer to clarify its role as a rail tank car safety regulator and the industry’s role in recommending and developing new standards. Contact Nick Snow at nicks@pennwell.com .

    Online Articles

    Online Articles

    Mon, 16 Jan 2017

  2. Hess increases capital budget by 15% for 2017

    Hess Corp. has set its 2017 capital expenditure budget at $2.25 billion, up from the $1.9 billion spent in 2016.

    Online Articles

    Online Articles

    Thu, 12 Jan 2017

  3. BHI: US rig count posts first decline in 2 months

    The US drilling rig count dropped by 6 to 659 active units during the week ended Jan. 13, marking its first decrease since Nov. 11, 2016, and largest since the drilling rebound began at the beginning of June, according to Baker Hughes Inc. data.

    Online Articles

    Online Articles

    Fri, 13 Jan 2017

  4. Hess to focus on deepwater Gulf of Mexico, Malaysia, Guyana projects

    Hess Corp. has reported an E&P capital and exploratory budget of $2.25 billion for 2017.

    Online Articles

    Online Articles

    Thu, 12 Jan 2017

  1. 2017 primed for growth after 117% surge in 2016 U.S. oil and gas M&A activity

    Online Articles

    Online Articles

    Thu, 5 Jan 2017

  2. Enbridge-Marathon venture buys interest in Bakken Pipeline

    MarEn Bakken Co. LLC—an entity jointly owned by Enbridge Energy Partners LP and Marathon Petroleum Corp.—has agreed to acquire from Energy Transfer Partners LP (ETP) and Sunoco Logistics Partners LP a 36.75% interest in the Bakken Pipeline project for $2 billion. The Bakken system includes the ...

    Online Articles

    Online Articles

    Thu, 4 Aug 2016

  3. Marathon Petroleum to join Bakken pipeline JV

    Marathon Petroleum has agreed to participate in the formation of a joint venture to invest in the Dakota Access Pipeline and the Energy Transfer Crude Oil Pipeline projects, collectively referred to as the Bakken Pipeline system.

    Online Articles

    Online Articles

    Wed, 3 Aug 2016

  4. Resource Energy bids for Samson Bakken assets

    Resource Energy Can-Am LLC, Denver, entered a stalking-horse agreement with bankrupt Samson Resources Co., Tulsa, to buy Bakken play properties in North Dakota and Montana for $75 million.

    Online Articles

    Online Articles

    Fri, 9 Sep 2016

  5. Report: Production in Bakken , Eagle Ford drops slightly in January

    Production in the Eagle Ford and Bakken shale plays dropped slightly in January vs. December 2015, according to Platts Bentek, an analytics and forecasting unit of Platts.

    Online Articles

    Online Articles

    Mon, 7 Mar 2016

  6. EIA: Bakken oil output to remain below 1 million b/d in August

    Crude oil production in August from the Permian and Bakken is expected to remain below the benchmarks of 2 million b/d and 1 million b/d, respectively, according to projections from the US Energy Information Administration.

    Online Articles

    Online Articles

    Mon, 18 Jul 2016

  7. EIA: Bakken oil output to fall below 1 million b/d in August

    Crude oil production in August from the Permian and Bakken are expected to drop below the benchmarks of 2 million b/d and 1 million b/d, respectively, according to projections from the US Energy Information Administration.

    Online Articles

    Online Articles

    Mon, 18 Jul 2016

  8. Paradigm closes Bakken crude oil gathering agreement with XTO

    Paradigm Energy Partners LLC’s wholly owned subsidiary, Paradigm Midstream Services – ND LLC, has executed a crude oil gathering agreement with XTO Energy Inc. for Paradigm's Charlson Gathering System in the North Dakota Bakken shale play.

    Online Articles

    Online Articles

    Wed, 24 Feb 2016

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