Chaparral, Bayou City Energy launch STACK drilling venture

Drilling has commenced on the first well in a new STACK joint venture between Oklahoma City operator Chaparral Energy Inc. and Houston private equity firm Bayou City Energy (BCE). Source: News

Veresen Midstream commissions Montney gas processing plant

Veresen Midstream LP, a 50-50 venture of Veresen Inc., Calgary, and Kohlberg Kravis Roberts & Co. LP, New York, has started up the first of three natural gas processing plants that will support the Encana Corp.-Mitsubishi Corp. jointly owned Cutbank Ridge Partnership’s (CRP) condensate-focused growth plan in the Montney area of northeastern British Columbia’s Dawson […]

WoodMac forecasts stable non-OPEC decline rates through 2020

Decline rates among countries that aren’t members of the Organization of Petroleum Exporting Countries have held steady at around 5% since 2015, and Wood Mackenzie Ltd. expects them to remain at that level until 2020. Source: News

Oil, gas groups back BLM’s plan to rescind 2015 fracing rule

The American Petroleum Institute, Independent Petroleum Association of America, and Western Energy Alliance expressed their support on Sept. 25 for the US Bureau of Land Management to rescind its 2015 hydraulic fracturing rule. Source: News

MARKET WATCH: NYMEX, Brent prices drop pending US weekly inventory

Light, sweet crude oil prices dropped modestly on the New York market with the November contract settling below $52/bbl Sept. 26 while the Brent contract for November declined in London to settle below $59/bbl. Source: News