Earlier in the year, before initial declines in service costs, Anadarko had estimated it would take $3 billion in capital expenditures to keep production levels flat. Now, Walker said, it would take about $2.7 billion, and there is still room for improvement.
The consulting firm that wrote a largely favorable environmental review of the proposed Keystone XL pipeline disclosed to the State Department work it did that led to allegations of a conflict of interest after it won the contract, according to newly released documents.
The floor of the Alaska Senate broke into an impromptu debate over oil taxes Monday. Sen. Cathy Giessel said the state is better protected at lower oil prices under the new law than under the former tax structure.
Scientific research has been central to Shell’s now-stalled move into Alaskan Arctic waters, and regulators probably will expect more if Shell resumes its work there, a company scientist told a Houston audience Monday.
On Monday, the U.S. Energy Information Administration unveiled a new mapping system on its website that includes the specific location of oil and gas wells, giving users an opportunity to see developments in specific plays.
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