South Dakota-based energy company Black Hills Corp. is selling its oil and gas development business, after failing to secure regulatory approval from various states to participate in a so-called cost-of-service natural gas program.
Just under 200 billion cubic feet (Bcf) of U.S. working natural gas was pulled from storage during the week ended Feb. 9, the eighth consecutive week the withdrawal topped 110 Bcf, the Energy Information Administration reported last week.
One week after oil and gas producers added the most working rigs in the Lower 48 U.S. states in nearly 13 months, last week’s rig count slipped by a handful of rigs, Baker Hughes, a GE company, reports.
Tidewater Logistics, which provides logistics services to the frac sand sector, said last week it sold a “majority interest” in the company to certain funds managed by affiliates of Apollo Global Management.
Colorado last week adopted tougher pipeline rules and launched a task force to explore over the next year pipeline inspection technologies companies might use to detect leaks and locate existing lines, Kallanish Energy reports.