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gasfacts2019

Devon Energy Corp., Oklahoma City, now says it plans to add as many as 7 operated rigs to its acreage in the STACK play of Oklahoma and Delaware basin of Texas during the second half, with resulting incremental production seen in early 2017.

The light, sweet crude oil price for September settled below $40/bbl on the New York market Aug. 2 pending release of a weekly government report showing US crude oil and product supplies.

The Independent Petroleum Association of America, American Exploration & Production Council, and 47 other US oil and gas trade associations urged the US Environmental Protection Agency to use its recent data collection request to learn more about the industry’s concerns and challenges.

US commercial crude oil inventories, excluding those in the Strategic Petroleum Reserve, increased 1.4 million bbl during the week ended July 29 compared with the previous week’s total, according to the US Energy Information Administration’s Petroleum Status Report.

The Sri Lankan government plans to double capacity of the country’s only refinery, Ceylon Petroleum Corp.’s 50,000 b/d facility at Sapugaskanda.

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