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OIL AND GAS
Texas regulator assessing fracking as an earthquake trigger
by Daniel J. Graeber
Austin, Texas (UPI) Aug 28, 2014


Texas oil production in July up 25 percent year-on-year
Austin, Texas (UPI) Aug 27, 2014 - Texas oil production in July, the last full month for which data are available, increased more than 25 percent year-on-year, the state government said.

The Railroad Commission of Texas, the state's energy agency, said crude oil production in July averaged 2.15 million barrels per day, up from the 1.68 million bpd reported in July 2013.

The rise in production reflects a 31 percent increase in the number of drilling permits issued year-on-year.

For natural gas, the commission said production of 602 billion cubic feet in June is an 8 percent increase year-on-year.

Texas is the No. 1 oil producer in the nation. Combined with North Dakota, the No. 2 producer, they produced 120 million barrels of oil in April, the last full month for which data are available from the U.S. Energy Department.

Texas is host to the Eagle Ford shale reserve area, one of the most prolific shale basins in the United States.

A Texas energy regulator said it was reviewing industry practices for hydraulic fracturing brought into question after a series of seismic events in the state.

The city of Azle, which lies in the area of the Barnett shale natural gas field, has reported nearly two dozen tremors since November. A regional profile from the U.S. Geological Survey says so-called induced earthquakes, those caused by injecting fluid underground for the purpose of extracting oil or natural, may be at play in parts of Texas.

Ramona Nye, a spokeswoman for the Texas Railroad Commission, told energy news website Rigzone the agency was serving as the facilitator in talks between those in the industry and researchers from Southern Methodist University.

"[They] are the ones directly investigating whether there is a link between North Texas Azle area oil and gas disposal wells and seismic events in that area," she said Wednesday.

The commission itself is considering amendments to current regulations that would require oil and gas operators to review USGS data on historical earthquakes before proceeding with operations, among other requirements.

The city of Denton, also in the Barnett play, could become the first in Texas to ban hydraulic fracturing outright after officials said the issue should be decided on the November ballot.

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Wintershall pegs energy future to offshore Norway
Stavanger, Norway (UPI) Aug 28, 2014
Norway will serve as a cornerstone of the future energy security needs of the European economy, a top executive at German energy company Wintershall said. Martin Bachmann, Wintershall's director of exploration and production, said European energy security answers are within the European community itself. "Norway has the resources, is politically stable and has very good infrastru ... read more


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