Casillas, Kayne Anderson JV expands Oklahoma SCOOP position

Casillas Petroleum Resource Partners LLC, a partnership formed earlier this year by Tulsa producer Casillas Petroleum Corp. and Los Angeles private equity firm Kayne Anderson Capital Advisors LP, has made its second deal for acreage in the Oklahoma SCOOP. Source: News

BPTT executive blames long-term LNG contracts for revenue losses

BP Trinidad & Tobago’s Regional Pres. Norman Christie confirmed that Trinidad and Tobago has lost billions of dollars in potential revenues because of the contractual arrangements between the Caribbean twin-island nation and partners in the Atlantic LNG (ALNG) venture surrounding LNG exports. Source: News

EIA report shows 5.2 million-bbl drop in US crude stockpiles

US commercial crude oil inventories, excluding those in the Strategic Petroleum Reserve, dropped 5.2 million bbl during the week ended Oct. 14 from the previous week’s total, according to the US Energy Information Administration’s Weekly Petroleum Status Report. Source: News

Quadrant Energy says Roc-2 appraisal well confirms gas, condensate

The Quadrant Energy Ltd.-operated Roc-2 appraisal well in the Bedout subbasin offshore Western Australia 160 km north of Port Hedland has produced better-than-expected results during a sustained flow test program. Source: News

Gas storage safety interagency taskforce issues first report

The Interagency Task Force on Natural Gas Storage Safety, which the federal government established in the wake of a massive gas leak at the Aliso Canyon storage site near Los Angeles in late 2015, issued a report intended to help reduce the risk of future similar incidents. Source: News