“Like red tide,” says commentary in the Sept. 7 Orlando Sentinel, “the push for more drilling near Florida’s beaches is relentless and dangerous.”   Source: News

The US drilling rig count remained unchanged at 1,048 units working for the week ended Sept. 7, according to Baker Hughes data. The count is up 104 units from this time a year ago when it stood at 944. Source: News

Surge Energy Inc., Calgary, will acquire 5,500 boe/d of production, mostly light oil, in western Alberta now operated by Mount Bastion Oil & Gas Corp. Surge has agreed to acquire all shares of Mountain Bastion for cash and stock worth a total of $320 million (Can.), up to $145 million of which will be cash. […]

Malaysian firm Sapura Upstream Sdn. Bhd. has made its maiden entry into exploration work in Australia through a farmin to three permits offshore Western Australia held by Perth-based private firm Finder Exploration Pty. Ltd. All three permits are in the North West Shelf oil and gas province. Source: News

Assessed exploration and development potential offshore Newfoundland and Labrador has jumped with new resource estimates for parcels offered in a current license round. New resource totals are 49.2 billion bbl of oil and 193.8 tcf of natural gas, reflecting increases of 11.7 billion bbl of oil and 60.2 tcf of gas. Source: News

The US House of Representatives passed a bill on Sept. 6 authorizing small-scale exports of LNG by 260 to 146 votes. Thirty-seven Democrats joined 223 Republicans in casting aye ballots. Three Republicans and 143 Democrats opposed the measure, which moved immediately to the US Senate for consideration by the Energy and Natural Resources Committee. […]

UK-based Sound Energy PLC reported that the Moroccan Ministry of Energy has awarded it a production concession for the Tendrara natural gas discovery. The concession covers 133½ sq km. Drilling plans call for as many as five horizontal development wells in addition to recompletion of the existing TE-6 and TE-7 wells. Source: News

The light, sweet crude oil contract for October fell by nearly $1 to settle under $68/bbl on the New York market Sept. 6 after a weekly government inventory report showed a gain in US product supplies, which outweighed the market’s response to a drop in US oil supplies. Source: News

Source: News

Lucid Energy Group, Dallas, has executed a long-term natural gas gathering and processing agreement with Marathon Oil Permian LLC, a subsidiary of Marathon Oil Co., under which it has agreed to provide midstream services to Marathon under a long-term acreage dedication for all of Marathon’s operated acreage in Lea County, NM, as well as a […]