Linn Energy Inc. and Roan Holdings LLC have agreed to combine their respective 50% equity interests in Roan Resources LLC into a publicly traded company, Roan Resources Inc., as part of a master reorganization agreement. Source: News
Sorrells promoted at Texas Railroad Commission
Danny Sorrells will serve as assistant executive director and oil and gas division director of the Railroad Commission of Texas. He has served as acting oil and gas division director since Aug. 1. Source: News
BLM issues final oil, gas waste prevention rule with reforms
The US Bureau of Land Management issued a final waste prevention, or venting and flaring, rule for oil and gas operations on land that it oversees. “Sadly, the flawed 2016 rule was a radical assertion of legal authority that stood in stark contrast to the longstanding understanding of Interior’s own lawyers,” Deputy Interior Sec. David […]
Elixir Petroleum set to move on Mongolian CBM project
Elixir Petroleum Ltd., Perth, has signed a production-sharing contract for the Nomgon IX coalbed methane project in the Gobi Desert of southern Mongolia. The PSC was signed by Golden Horde Ltd., a private company in South Australia established in 2011 with the sole purpose of building a CBM project in Mongolia. Source: News
ADNOC commissions PDH unit at Ruwais integrated complex
Abu Dhabi National Oil Co. subsidiary ADNOC Refining has reached full production of polymer-grade propylene from its newly commissioned propane dehydrogenation unit at its more than 800,000-b/d integrated Ruwais refining and petrochemical hub in the UAE. The PDH unit processes propane from ADNOC’s gas processing installations as well as the 417,000-b/d West refining plant of […]
EIA: US crude inventories decrease 2.1 million bbl
US crude oil inventories, excluding the Strategic Petroleum Reserve, decreased by 2.1 million bbl for the week ended Sept. 14, according to data from the US Energy Information Administration. At 394.1 million bbl, US crude oil inventories are about 3% below the 5-year average for this time of year, the report indicated. Source: News
MARKET WATCH: NYMEX oil, gas prices rise on US-China trade tensions
The light, sweet crude oil prices for October gained nearly $1 on the New York market Sept. 18 to settle at $69.85/bbl while the Brent crude contract for November delivery also jumped nearly $1 in London to settle just above $79/bbl. Source: News
New technology planned for Alpha oil shale project
Greenvale Energy Ltd., Sydney, has appointed consulting firm SRK Consulting (Australasia) Pty. Ltd. to progress development of the Alpha oil shale project in central Queensland inland from Rockhampton using a radio frequency (RF) microwave extraction technique. Source: News
BNK Petroleum completes drilling Brock 4-2H well in Tishomingo field
BNK Petroleum Inc., Camarillo, Calif., said it encountered hydrocarbon shows comparable to the company’s best wells while drilling the Brock 4-2H well in the Caney shale oil acreage in Tishomingo field in the SCOOP region in Oklahoma. The BNK-operated well (77% working interest) was drilled and cased and is awaiting completion. Source: News
Goodrich updates Haynesville operations
Goodrich Petroleum Corp., Houston, has provided updates on its Haynesville shale wells. The Harris-Dickson 14&23 No. 1 well in Thorn Lake field in Red River Parish, La., achieved a 24-hr peak rate of 27.5 MMcfd of gas from 6,100 ft of lateral. Goodrich also has drilled and cased the Loftus 27&22 No. 1 well. Source: News