According to OGJ Latest Report dated 14^th May 2010, US drilling activity continued to increase with 1,506 rotary rigs working this week, 14 more than the previous week and up from 918 in the comparable period a year ago, Baker Hughes Inc. reported.

Texas registered the largest weekly increase among major producing states, up by 9 rotary rigs to 643 working. Oklahoma and New Mexico added 4 each for respective totals of 124 and 63. Pennsylvania, Colorado, Arkansas, Wyoming, and California gained 1 rig each to 80, 53, 41, 37, and 31 respectively. Louisiana was unchanged with 213 rotary rigs drilling. North Dakota and West Virginia were down 1 rig each to 99 and 20. Alaska dropped 2 rigs to 8.

Canada’s rotary rig count increased by 18 to 121 units drilling this week, compared with 68 working in the same period last year.

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LOS ANGELES, May 18 — Japan Petroleum Exploration Co. subsidiary Japan Canada Oil Sands Ltd. (Jacos) submitted a joint application to the Alberta Energy Resources Conservation Board and Alberta Environment for approval to expand its oil sands production operations.

Jacos’ application requests an expansion of its operations in the Hangingstone area leases of up to a maximum incremental production of 35,000 b/d of bitumen. Based on the planned development scenarios, Jacos said ongoing production from the expansion facilities could average 25,000-30,000 b/d.

Jacos also is commencing the preliminary engineering phase, during which the plant capacity and configuration will be optimized. Jacos said it has allowed 18 months for the regulatory approval and front-end engineering and design processes.

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Posted under Oil and Gas Companies

Posted under Oil and Gas Companies

Posted under Oil and Gas Companies

Posted under Oil and Gas Companies