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The latest Oil and Gas news from Oil and Gas Journal
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A federal district judge in Northern California issued a preliminary injunction rejecting the US Bureau of Land Management’s suspension until Jan. 17, 2019, of compliance deadlines under its 2016 venting and flaring rule while it considered revising the regulation. 

Posted: February 23, 2018, 6:20 pm

Cabot Oil & Gas Corp. expects to average three rigs and two completion crews in the Marcellus shale during 2018, resulting in 85 net wells drilled and 95 net wells completed. Cabot has about 179,000 net acres in the dry gas window of the Marcellus shale, primarily in Susquehanna County, Pa., with two rigs running. 

Posted: February 23, 2018, 5:17 pm

Light, sweet crude prices on the New York market closed slightly more than $1/bbl higher Feb. 22 after the US Energy Information Administration reported crude oil supplies, excluding the Strategic Petroleum Reserve, fell by 1.6 million bbl last week.

Posted: February 23, 2018, 4:16 pm

With a projected 2018 capital expenditures program of $1.975-2.375 billion and adjusted for asset sales, Chesapeake Energy Corp., Oklahoma City, expects total 2018 production to increase 3% year-over-year and oil volumes to rise 5% compared with 2017 levels.

Posted: February 22, 2018, 9:12 pm

US Sen. Ted Cruz called for a cap on the price of renewable identification numbers to halt speculation and preserve jobs at refineries. “We’re here because the jobs, and the men and women whose livelihoods and families depend on those jobs, are at risk from a broken government regulation system that isn’t working, and that we have to fix,” he said a Feb. 21 rally at Philadelphia Energy Solutions. 

Posted: February 22, 2018, 6:14 pm
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