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Keyword: naturalgas

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  • Texas RRC Issues New Regulations on Fracking Disposal Wells

    10/30/2014 5:33:35 AM PDT · by thackney · 3 replies
    Rig Zone ^ | October 29, 2014 | Gene Lockard
    New regulations covering disposal wells from fracking operations go into effect in Texas beginning in November 2014. The new regulations by the Texas Railroad Commission (Texas RRC, or Commission), the state’s regulating entity for oil and gas, are centered on the possible linkage between seismic activity and disposing wells. There are four main components of the new regulations: - Applicants for disposal wells must conduct a search on the U.S. Geological Survey seismic database to determine if there is a history of earthquakes within a 100-square-mile area around the site of the proposed disposal well - Clarify that the Commission...
  • EU energy boss, Ukraine minister to hold talks on Russia gas dispute

    10/29/2014 5:07:17 AM PDT · by thackney · 3 replies
    Reuters ^ | Oct 27, 2014 | Barbara Lewis
    European Energy Commissioner Guenther Oettinger and Ukraine Energy Minister Yuri Prodan will speak by phone on Monday to prepare for trilateral talks with Russia on resolving a gas pricing row, a Commission official said. Citing unpaid bills, Russia cut off gas flows to Kiev in mid-June, adding to East-West tensions triggered by Russia's annexation of Ukraine's Crimea and conflict in Russian-speaking eastern Ukraine. Last Tuesday, the latest round of talks between Russia and Ukraine, brokered by the Commission, to try to resolve the gas supply dispute ended without a deal. Since then, relations between Russia and Ukraine may have been...
  • Natural Gas Flaring In Bakken Reduced Following New Regulations

    10/28/2014 5:19:29 AM PDT · by thackney · 24 replies
    Rig Zone ^ | October 24, 2014 | Gene Lockard|
    A month after implementing new rules regarding the flaring of natural gas, the state of North Dakota was near compliance with the new limits as oil and gas production companies in the Bakken work to reduce flaring, according to the United States Department of Energy (DOE). In August, 28 percent of North Dakota’s natural gas was flared, the state reported. That was near North Dakota’s flare-rate goal of 26 percent in 4Q 2014, despite an increase in oil production in the Bakken in August, according to the website Bakken.com. Following criticism from royalty holders regarding extensive flaring that made North...
  • The True Reason Gas Prices are Falling (Hint: It’s Not Because of Green Energy)

    10/26/2014 6:23:51 PM PDT · by Coleus · 21 replies
    the daily signal ^ | October 26, 2014 | Stephen Moore
    American workers and motorists got some badly-needed relief this week when the price of oil plunged to its lowest level in years. The oil price has fallen by about 20 to 25 percent since its peak back in June of $105 a barrel. This is translating to lower prices at the pump with many states now below $3 a gallon. Already the lower oil and gas prices are the equivalent of a $70 to 200 billion cost saving to American consumers and businesses. That’s $70 to 200 billion a year we don’t have to send to Saudi Arabia, Kuwait and...
  • Study: Oil, Gas Drilling Activities Provide Major Economic Stimulus for US

    10/24/2014 8:10:41 AM PDT · by thackney · 7 replies
    Rig Zone ^ | October 24, 2014 | Gene Lockard
    The economic benefits to the United States from the energy industry have more than doubled in just the past ten years, even after accounting for inflation, according to a new study by The Perryman Group. The growth in the industry is worth about $1.2 trillion in gross product each year, the study noted, adding that the growth in the oil and gas industry since the economic recession has been “dramatic.” In fact, since the start of the economic recovery, the energy industry has contributed about 30 percent of the total job growth for the nation, Dr. Ray Perryman, president and...
  • Shouldn’t be we fighting a war on terrorism not on fossil fuels?

    10/21/2014 7:04:12 AM PDT · by rktman · 1 replies
    canadafreepress.com ^ | 10/20/2014 | Marita Noon
    “You are responsible for President Obama’s re-election,” I told 150 folks from the oil and gas industry—most of whom were conservative Republicans. I spoke to them on October 15 in San Angelo, TX. A reporter covering the event wrote that I “stunned the crowd by telling them they were largely responsible for getting the president re-elected, and asking them if they knew how they had helped.” He continued: “The room was very quiet for several moments as Noon waited to see if anyone would volunteer an answer.” We know President Obama has been waging a war on coal—with tens of...
  • North Dakota aims to reduce natural gas flaring

    10/20/2014 6:12:03 AM PDT · by thackney · 12 replies
    Energy Information Administration ^ | OCTOBER 20, 2014 | Energy Information Administration
    About one-third of the natural gas North Dakota has produced in recent years has been flared rather than sold to customers or consumed on-site. The rapid growth in North Dakota oil production, which rose from more than 230,000 barrels per day (bbl/d) in January 2010 to more than 1,130,000 bbl/d in August 2014, has led to increased volumes of associated gas, or natural gas that comes from oil reservoirs. These increased volumes require additional infrastructure to gather, process, and transport gas volumes instead of flaring them. These additions can take time to build, and well operators are often reluctant to...
  • BHI: US drilling rig count drops 12 units to 1,918

    10/20/2014 4:59:53 AM PDT · by thackney · 3 replies
    Oil & Gas Journal ^ | 10/17/2014 | OGJ editors
    The US drilling rig count declined 12 units to settle at 1,918 rigs working during the week ended Oct. 17, Baker Hughes Inc. reported. BHI’s average US onshore rig count for the third quarter totaled 1,842 units, up 46 from the second quarter and up 133 from third-quarter 2013. The US onshore well count for the third quarter totaled 9,566, up 110 from the second quarter and up 491 from third-quarter 2013. Average US onshore drilling efficiencies dropped to 5.19, primarily caused by fewer wells/rig being generated in the Permian during the quarter, BHI indicated. The Permian accounted for 54%...
  • Putin: Russia will reduce Europe's gas supplies if Ukraine takes gas

    10/16/2014 7:33:32 AM PDT · by McGruff · 9 replies
    CNBC ^ | 10/16/2014
    Russia's President Vladimir Putin said Russia will have to reduce gas supplies to Europe if Ukraine steals from gas pipelines that supply Europe—and crosses Ukraine en route. In June, Moscow halted gas supplies to Ukraine due to mounting debts and pricing disagreements. Disturbance of Russian gas supplies to Europe has happened two times in the past ten years, in 2006 and 2009. A third of Europe's gas comes from Russia. If no agreement is reached between Ukraine and Russia, Ukraine may face energy shortages this winter—further increasing risks to Europe's gas supply.
  • More efficient fracking means more oil and natural gas

    10/09/2014 5:22:18 AM PDT · by thackney · 4 replies
    Star Telegram ^ | Oct. 06, 2014 | SEAN COCKERHAM
    ...U.S. fracking boom is getting even bigger with advances in drilling... Each drilling rig in the Eagle Ford shale of south Texas is pumping an average of more than 400 barrels a day than in the dawn of the fracking boom seven years ago, according to the federal Energy Information Administration. The more efficient drilling has helped Texas to more than double its oil production in the past three years, topping three million barrels a day for the first time since the late 1970s. “The productivity of oil and natural gas wells is steadily increasing in many basins across the...
  • Projected Winter Fuel Expenditures by Fuel and Region

    10/07/2014 7:53:22 AM PDT · by thackney · 17 replies
    Energy Information Administration ^ | October 7, 2014 | Energy Information Administration
    The average household winter heating fuel expenditures discussed in this STEO provide a broad guide to changes compared with last winter. However, fuel expenditures for individual households are highly dependent on local weather conditions, market size, the size and energy efficiency of individual homes and their heating equipment, and thermostat settings (see Winter Fuels Outlook table). Forecast temperatures based on the latest forecasts from the National Oceanic and Atmospheric Administration (NOAA) are much warmer than last winter east of the Rocky Mountains, with the Midwest 16% warmer, the South 12% warmer, the Northeast 11% warmer. However, last winter provides a...
  • EIA: US industrial gas demand to rise 4% in 2015

    10/06/2014 5:58:29 AM PDT · by thackney · 1 replies
    Oil & Gas Journal ^ | 10/03/2014 | OGJ editors
    Relatively low prices of natural gas have contributed to steady increases in US industrial gas consumption since 2009, especially as a feedstock for chemical production. According to the US Energy Information Administration’s most recent Short-Term Energy Outlook, growth in US industrial demand will continue through 2015, with consumption averaging 21.3 bcfd in 2014 and 22.1 bcfd in 2015, a 4% increase, boosted by newly proposed chemical plants. Two methanol plants are set to begin service this year—a small facility in Pampa, Tex., and another in Geismar, La. A handful of fertilizer plants have begun service, and an expansion is planned...
  • Magnum Hunter has ‘monster’ on its hands with biggest Utica well – ever

    10/03/2014 4:43:05 PM PDT · by ckilmer · 34 replies
    bizjournals ^ | Sep 25, 2014, 11:29am EDT | Tom Knox
    Magnum Hunter has ‘monster’ on its hands with biggest Utica well – ever Sep 25, 2014, 11:29am EDT Share on Google + Share on Facebook Share on LinkedIn Share on Twitter Email this article Save Order Reprints Print Enlarge Photo   Industry Supplier of the Year: Gary C. Evans of Magnum Hunter Resources Corp.     Tom KnoxReporter- Columbus Business FirstEmail  |  Google+  |  LinkedIn  |  Twitter So far, natural gas drillers have only dipped their toes into West Virginia’s Utica shale play. It’s safe to say some might dive in head first now.Magnum Hunter Resources Corp. announced results...
  • A Vote for Energy Is a Vote for America

    10/02/2014 5:02:25 AM PDT · by thackney · 5 replies
    Real Clear Energy ^ | October 2, 2014 | David Holt
    When Americans hit the polls in a few weeks, job growth and the overall economy will be the most important issue in deciding whom they vote for Congress, a recent CBS News/New York Times polls says. A CNN/ORC poll echoed similar sentiments, as did a Bloomberg national poll, NBC News/Wall Street Journal poll, and Kaiser Family Foundation Health Tracking Poll. Trepidations about the economy, these polls show, are shared by all Americans – Democrats, Republicans, Independents, blue states, red states. We all have these worries. But what often flies under the radar is the significant role energy production plays in...
  • U.S. about to pass Saudi Arabia as largest liquid petroleum producer

    09/30/2014 8:26:35 PM PDT · by 2ndDivisionVet · 14 replies
    Hot Air ^ | September 30, 2014 | Bruce McQuain
    The Financial Times [subscription] is reporting that the US is poised to become the world’s largest producer of liquid petroleum (oil and natural gas liquids): US production of oil and related liquids such as ethane and propane was neck-and-neck with Saudi Arabia in June and again in August at about 11.5m barrels a day, according to the International Energy Agency, the watchdog backed by rich countries. With US production continuing to boom, its output is set to exceed Saudi Arabia’s this month or next for the first time since 1991. [...] Rising oil and gas production has caused the US...
  • Fracking is evolving, showing industry can do better

    09/30/2014 9:24:15 AM PDT · by thackney · 13 replies
    Houston Chronicle ^ | September 29, 2014 | Chris Tomlinson
    Fracking is evolving. There are mutant wells in the Eagle Ford that are producing four times more oil and gas than hydraulically-fractured wells did in 2010. In Pennsylvania, the wells are using less water because drillers are recycling. And in North Texas, the number of earthquakes have dropped dramatically since the good people of Azle through a fit and convinced the Texas Railroad Commission to hire a seismologist to investigate. When you include the demand that drillers take more care in completing their wells to avoid contaminating the ground water, the only conclusion is that the oil and gas industry...
  • Dominion welcomes final FERC approval for Cove Point LNG

    09/30/2014 7:17:47 AM PDT · by thackney · 3 replies
    LNG Industry ^ | 30/09/2014 | Katie Woodward
    Dominion Energy has welcomed the Federal Energy Regulatory Commission’s final approval to site, construct, and operate the Cove Point LNG liquefaction and export project. “We are pleased to receive this final approval that allows us to start constructing this important project that offers significant economic, environmental and geopolitical benefits,” said Diane Leopold, President of Dominion Energy. “This order is based on more than two years of thorough, exhaustive analysis by FERC along with numerous other federal and state agencies. It also reflects a robust public input process. Dominion is dedicated to constructing a safe, secure, environmentally compatible and reliable export...
  • GE gets $500M price tag for gas turbines in Texas

    09/29/2014 12:38:59 PM PDT · by thackney · 32 replies
    Fuel Fix ^ | September 29, 2014 | Collin Eaton
    General Electric’s new high-efficiency gas turbines, fired at temperatures 200 degrees hotter than an erupting volcano, will see their U.S. debut at two gas power plants near Houston and Dallas. The New York industrial conglomerate said Monday it is getting paid more than $500 million to build four of its most advanced gas turbines and other equipment to power two of Exelon Corp.’s planned combined-cycle gas turbine units at its existing gas-fired plants in Texas. Combined-cycle units are more flexible than plants that rely only on gas or coal. GE’s new 440,000 horsepower gas turbines, each as powerful as about...
  • Finally, The US Manufacturing Renaissance Is Happening

    09/29/2014 6:37:57 AM PDT · by blam · 24 replies
    BI ^ | 9-29-2014 | Ed Yardeni
    Ed Yardeni, Dr. Ed's Blog September 29, 2014 Over the past few years, there has been lots of buzz about the coming manufacturing renaissance in the US. The central concept is that plentiful and cheap natural gas will convince manufacturers to expand or to move production to the US to cut their energy costs. Labor is still cheaper overseas, but it isn’t as expensive as it once was in the US. Besides, the IT revolution has increased factory productivity with more automation, including robots and the “Internet of Things.” The recent strength in the dollar could be a spoiler if...
  • Hungary suspends gas supplies to Ukraine

    09/26/2014 5:49:53 AM PDT · by WhiskeyX · 13 replies
    BBC ^ | 26 September 2014 Last updated at 05:28 ET | BBC
    Hungary's gas pipeline operator, FGSZ, says it has suspended delivery of gas to neighbouring Ukraine "indefinitely". Ukraine has been receiving gas from Hungary, Poland and Slovakia since Russia cut off supplies to Ukraine in June in a dispute over unpaid bills. Ukraine's state-owned gas firm, Naftogaz, confirmed the stoppage. It called the move "unexpected and unexplained". FGSZ said it cut deliveries to Ukraine to raise the flow of gas to Hungary.
  • Eagle Ford pumps close to 90 billion into ecomony

    09/25/2014 7:00:27 AM PDT · by q_an_a · 8 replies
    Dallas Business Journal ^ | 9.24.14 | James Aldridge
    Oil and natural gas production in Eagle Ford Shale generated an estimated $87 billion in total economic output for Texas and supported nearly 155,000 full-time jobs in 2013. That’s according to a new study released Tuesday by the University of Texas at San Antonio Institute for Economic Development. The shale region, which encompasses a 21-county, and generated more than $4.4 billion in tax revenue to local and state governments in 2013. Based on these updated figures, UTSA projects that the shale region will support more than 196,000 jobs and generate $137 billion in total economic output for Texas by 2013.
  • EU plans for Iran gas imports if sanctions go

    09/25/2014 4:54:30 AM PDT · by DeaconBenjamin · 4 replies
    hurriyet daily news ^ | September/25/2014
    The European Union is quietly increasing the urgency of a plan to import natural gas from Iran, as relations with Tehran thaw while those with top gas supplier Russia grow chillier. Two “ifs” - the removal of sanctions on Iran and the addition of some pipeline infrastructure - are not preventing EU planners preparing, a European Commission source involved in developing EU energy strategy told Reuters. “Iran is far towards the top of our priorities for mid-term measures that will help reduce our reliance on Russian gas supplies,” the source said. “Iran’s gas could come to Europe quite easily and...
  • Panel: Don’t expect high natural gas prices any time soon

    09/24/2014 7:44:25 AM PDT · by thackney · 3 replies
    Fuel Fix ^ | September 23, 2014 | Ryan Holeywell
    Natural gas prices aren’t going to surge any time soon, panelists said at a Houston forum Tuesday, which could be good news for consumers adopting the fuel source as an alternative to gasoline and diesel — but not necessarily welcome news for producers. “2015 is going to be bad for gas,” said Dan Pickering, co-president of the energy investment firm Tudor, Pickering Holt and Co., at the forum hosted by the law firm Winston & Strawn. Since the middle of 2010, the spot price for domestic natural gas generally has remained under $5 per million British thermal units, except for...
  • Shale boom buoys businesses far removed from oilfields

    09/24/2014 5:30:31 AM PDT · by thackney · 10 replies
    Fuel Fix ^ | September 23, 2014 | Rhiannon Meyers
    From steel pipe manufacturers to companies that produce sand and gravel, the U.S. shale boom is buoying businesses far removed from the oil and gas fields, a new study finds. These companies are benefiting from the huge investments needed to explore, produce, process and transport oil and gas unlocked from previously inaccessible dense rock formations through advances in hydraulic fracturing and horizontal drilling, according to the findings by Houston-based energy analyst firm IHS. The boom has been most generous to companies working in states with the most oil and gas activity, but the economic boost has also trickled down to...
  • ICYMI: Weld Co. Has Biggest Employment Jump in Nation [Colorado]

    09/23/2014 11:25:23 PM PDT · by Vince Ferrer · 5 replies
    Colorado Peak Politics ^ | September 23, 2014 | ColoradoPeakPoltics
    With all the insanity with polling and political news last week, it was easy to miss this shocking headline – Weld County Had Largest Percentage Increase in Employment Nationally. That’s right, Weld County had the largest increase in employment not just in Colorado, but across the entire country. From The Denver Post: “Hiring in Weld County continues to outpace employment gains among the nation’s 339 largest counties, led by new jobs in construction and oil and gas, according to the U.S. Bureau of Labor Statistics….Drilling has helped employment in the region grow more quickly than the state or nation, kept...
  • Shale Revolution Deniers Face An Inconvenient Truth

    09/24/2014 5:01:46 AM PDT · by 2ndDivisionVet · 5 replies
    Investor's Business Daily Brain Trust ^ | September 23, 2014 | Mark Perry
    Despite turning the U.S. into the world's largest producer of natural gas and driving a 3 million barrel per day surge in U.S. oil production in just the last three years, the shale revolution still has its doubters. They couldn't be more wrong. The Montreal-based Centre for Research on Globalization recently dismissed shale fracking as a "Ponzi scheme" and "this decade's version of the dot-com bubble" that's about to burst. But time and again over decades, the naysayers and "peak oil" advocates have grossly underestimated the energy industry's ability to innovate and beat production forecasts. Today's shale pessimists continue to...
  • A Four-Step Energy Strategy For Our Time

    09/23/2014 6:20:58 AM PDT · by thackney · 8 replies
    Real Clear Energy ^ | September 23, 2014 | Mark Mills
    It's a sign of the times: The Islamic State is getting millions in oil revenues. According to one news organization, the terror group is even recruiting petroleum engineers. And farther north, Ukrainian president Petro Poroshenko secured a promise from the White House last week for the U.S. to join in a review of his country's Russian energy entanglements. Meanwhile, North Dakota's shale fields just passed 1 million barrels per day of production, a milestone only three fields in the U.S. have reached. For context, only ten shale fields have reached it in world history. These events point to the need...
  • Hollis residents vote to oppose natural gas pipeline

    09/22/2014 10:21:12 AM PDT · by thackney · 5 replies
    WMUR9/abc ^ | Sep 20, 2014 | Stephanie Woods
    In a special meeting Saturday, the town of Hollis voted to oppose the construction of a natural gas pipeline that would run under the town. Four-hundred and twenty people attended a special town meeting Saturday morning in the Hollis-Brookline High School gym. Townspeople debated the controversial pipeline, which would run through the middle of Hollis from the southwest to the northeast. Tennessee Gas Pipeline argues that the pipeline is necessary to meet increasing energy demands in the northeast. The natural gas company submitted a proposal to build the pipeline in 2018, which the New Hampshire Energy Facility Site Evaluation committee...
  • Burning issues, ND operators ramping up as a new era of flaring governance draws near

    09/22/2014 7:36:14 AM PDT · by thackney · 8 replies
    Petroleum News Bakken ^ | Week of September 21, 2014 | Maxine Herr
    North Dakota’s natural gas production rose nearly 40 million cubic feet per day in July, a 3 percent increase, and the state’s gas capture also rose, increasing from 72 percent in June to 74 percent in July indicating that the industry’s efforts to capture more gas are working. However, those are cumulative statistics with some operators capturing more than 74 percent and others capturing less as drilling activity continuing to rise. The state’s Department of Mineral Resources Director Lynn Helms said the industry “will have to work very hard” in order to meet the upcoming requirements set by the North...
  • America's Fracking Boom Comes to China

    09/22/2014 5:09:29 AM PDT · by thackney · 21 replies
    The Atlantic ^ | SEP 19 2014 | JAEAH LEE AND JAMES WEST
    ...The guests at the compound that week were gearing up for another great leap: a push to export the United States' fracking boom to China's vast shale fields—and beyond. Attendees slid into black leather chairs behind glossy rosewood tables, facing a stage flanked by large projector screens. Chinese businessmen wore high-waist slacks with belts clasped over their bellies. I watched as one thumbed through business cards bearing the logos of Chevron, ConocoPhillips, Exxon Mobil, and Halliburton.... The U.S.-China Oil and Gas Industry Forum, sponsored by the U.S. departments of Commerce and Energy, as well as China's National Energy Administration, has...
  • The Science Is Settled: Fracking Is Safe

    09/21/2014 6:41:37 AM PDT · by rktman · 12 replies
    americanthinker.com ^ | 9/21/2014 | Jeffrey Folks
    Funded by the National Science Foundation and Duke University, a team of scientists at Ohio State and other universities conducted extensive research into the purported link between groundwater pollution and fracking. (The full title of the report, available online, is “Noble Gases Identify the Mechanisms of Fugitive Gas Contamination in Drinking-Water Wells Overlying the Marcellus and Barnett Shales.”) In an examination of 130 wells, the researchers found that, when properly conducted, no groundwater or aquifer pollution resulted from the practice of fracking itself.
  • What Drives Anti-Fracking Zealots?

    09/21/2014 8:47:45 AM PDT · by Kaslin · 26 replies
    Townhall.com ^ | September 21, 2014 | Paul Driessen
    Recent news stories underscore the tremendous benefits brought by America’s fracking revolution. * The shale oil production boom could boost US crude production to 9.5 million barrels of oil per day (bopd) next year, reducing America’s crude oil imports to 21% of domestic demand, the lowest level since 1968. Output from fracked wells represents 43% of all US oil production and 67% of natural gas production; its oil could reach 10 million bopd by 2016, the Energy Information Administration says. * The global economy saves $4.9 billion per day in oil spending because of the shale oil boom. Without it...
  • Energy investment boom drives economic recovery

    09/19/2014 7:38:47 AM PDT · by thackney · 9 replies
    The Hill ^ | September 18, 2014 | Derrick Freeman
    Americans seem to have a love-hate relationship with major energy companies. On the one hand, our iconic brands are global leaders and symbols of U.S. technological and economic prowess. On the other hand, Big Energy takes the heat when the public gets restive over rising gas prices, or there’s an extended power outage. A new Progressive Policy Institute (PPI) report highlights an underappreciated fact about energy companies—they are huge investors in the U.S. economy. In fact, along with telecoms and Internet-based businesses, they are leading our economic recovery. Each year, PPI economists Michael Mandel and Diana Carew rank America’s top...
  • Chevron first energy giant to meet new sustainable shale standards

    09/19/2014 5:19:03 AM PDT · by thackney · 2 replies
    Fuel Fix ^ | September 18, 2014 | Associated Press
    Chevron has become the first energy company to meet a new set of voluntary shale gas drilling standards that aim to go beyond existing state laws in Pennsylvania, Ohio and West Virginia, the Pittsburgh-based Center for Sustainable Shale announced Thursday... Chevron’s pledges to recycle drilling fluids, not use open waste pits and to reduce methane leaks address “very big” concerns for many people, said Davitt Woodwell, president of the Pennsylvania Environmental Council. Chevron also says it now discloses all of the chemicals used in the hydraulic fracturing, or fracking, process in the region. Woodwell said his group hopes other drilling...
  • Range Resources to pay $4 million drilling waste fine

    09/19/2014 5:15:38 AM PDT · by thackney · 5 replies
    Fuel Fix ^ | September 18, 2014 | Associated Press
    Energy company Range Resources said Thursday it has agreed to pay a $4.15 million fine for environmental violations at a western Pennsylvania site that handled natural gas drilling waste. The penalty is the largest the state has ever imposed on the shale gas industry. Range, based in Fort Worth, said in a statement that it accepts the Pennsylvania Department of Environmental Protection fine and is “deeply disappointed” over the violations at Washington County wastewater impoundments, about 25 miles southwest of Pittsburgh. The fine was imposed for leaks at open pits Range operates to store the so-called flowback waste from natural...
  • Canada’s Shale Boom: More To Come In Montney

    09/18/2014 3:56:54 PM PDT · by bananaman22
    Oilprice.com ^ | 18/09/2014 | James Burgess
    In the world of a constantly changing oil and gas environment, the Montney shale basin is the sleeping giant that holds the key to accelerating Canada’s shale oil and gas boom, but the real treasure within this giant is a tight liquids-rich zone (approximately 15-20 miles wide) that has big and small players alike narrowing their focus for the potential of a giant payout. A pervasive hydrocarbon system in the Western Canada Sedimentary Basin (WCSB) in Alberta and British Columbia, the Montney is estimated to hold 2,200 trillion cubic feet of gas, almost 29 billion barrels of natural gas liquids...
  • Oil and gas companies court military veterans as shale boom grows

    09/18/2014 10:09:00 AM PDT · by thackney · 9 replies
    EagleFordTexas.com ^ | 9/16/2014 | Shane Thielges
    John MacZura, an Army infantry veteran, started work a week after graduation. Before receiving his petroleum engineering degree from Penn State in 2013, Mr. MacZura, 30, had already piqued the interest of five or six oil and gas companies. He had job offers from three. He eventually joined Houston-based Cabot Oil and Gas, where he now works as a completions engineer. “The military plays a large part in how I got to where I’m at today,” said Mr. MacZura. He spent four years stationed at the Schofield Barracks in Hawaii and two in the National Guard. “I can’t say I...
  • The Next Logical Step For Natural Gas Supplies?

    09/18/2014 8:47:43 AM PDT · by thackney · 4 replies
    Rig Zone ^ | September 17, 2014 | Matthew V. Veazey
    A California-based company claims that it has found a commercially viable technique to directly convert natural gas into liquid fuels or petrochemical building blocks. "Natural gas is the next logical step for the energy and chemistry industry," said Rahul Iyer, vice president of corporate development with Siluria Technologies, which is partnering with world-class refining and petrochemical companies to roll out its catalytic processes for producing ethylene and liquid hydrocarbon fuels or fuel blend stocks. Last month, Siluria announced that it raised nearly more than $30 million in a financing led by Saudi Aramco Energy Ventures (SAEV) – the venture investment...
  • Poland Plans Gas Hub to Kill Reliance on Russian Energy

    09/18/2014 8:27:38 AM PDT · by Blackyce · 17 replies
    Moscow Times ^ | 09/08/2014 | Reuters
    Poland Plans Gas Hub to Kill Reliance on Russian Energy ReutersSep. 18 2014 14:41 Last edited 14:41 Poland is taking steps towards creating a gas trading and transit hub in Central and Eastern Europe aimed at accomplishing what much of the region has failed to do: shake off almost complete reliance on Russian gas imports. Poland will open a liquefied natural gas terminal in 2015 and build new pipelines — including a planned north-south corridor stretching to Croatia — to help ease the grip of Russia's Gazprom over former Soviet bloc nations. Central Europe's biggest economy, which also intends to upgrade gas links to Lithuania to allow the re-export of gas to the Baltics, has said it plans to build 2,000 kilometers of pipelines criss-crossing the country...
  • President Obama has a huge gas problem

    09/18/2014 1:44:05 AM PDT · by 2ndDivisionVet · 27 replies
    al-Jazeera ^ | September 15, 2014 | Peter Moskowitz
    Ahead of the People’s Climate March, activists say Obama must address fracking if he wants to leave a meaningful legacy.Later this month, hundreds of delegates will gather inside the U.N. to talk about climate change. President Barack Obama plans to attend the climate summit and reportedly wants work on a deal with other world leaders to “name and shame” countries that aren’t actively pursuing serious climate action. But outside the U.N., thousands of activists will be protesting with one message: Whatever Obama accomplishes at the U.N., it won’t be enough to save his climate legacy. The Obama administration has been...
  • Septermber 17, News on situation in Ukraine.

    09/16/2014 9:28:01 PM PDT · by No One Special · 8 replies
    Elena Filatova's Website ^ | September 17, 2014 | Elena Filatova
    So, what is real situation in Ukraine? On the paper (officially) there is cease-fire, but if you look at the map you'll see they make idiots of all people who believe them. If it is truce I wonder what war will be like? Putin waiting for winter and already keep cutting gas to EU. With cold gas flow to Ukraine will stop. There is few things one need to know about energy balance in Ukraine. Around 70% of all energy in Ukraine produced from coal, natural gas and oil. Now see, almost all coal mines located in war zone, so...
  • Landmark fracking study finds no water pollution

    09/16/2014 1:43:10 PM PDT · by Olog-hai · 14 replies
    Associated Press ^ | Sep 16, 2014 3:05 PM EDT | Kevin Begos
    The final report from a landmark federal study on hydraulic fracturing, or fracking, found no evidence that chemicals or brine water from the gas drilling process moved upward to contaminate drinking water at a site in western Pennsylvania. The Department of Energy report, released Monday, was the first time an energy company allowed independent monitoring of a drilling site during the fracking process and for 18 months afterward. After those months of monitoring, researchers found that the chemical-laced fluids used to free gas stayed about 5,000 feet below drinking water supplies. Scientists used tracer fluids, seismic monitoring, and other tests...
  • Spectra Energy announces $3 billion New England project

    09/16/2014 10:34:05 AM PDT · by thackney · 5 replies
    Fuel Fix ^ | September 16, 2014 | Ryan Holeywell
    Spectra Energy Corp. announced a $3 billion expansion to its New England pipeline network which it says will help meet growing demand for natural gas in the region. The undertaking will allow Houston-based Spectra and its partners to deliver 1 billion cubic feet of natural gas per day to the area, the company said. The project will serve both gas-fired power plants as well as customers who use natural gas for heating. “This is another step in our commitment to improving power system reliability, reducing electric costs to make the region more economically competitive, and protecting New England’s quality of...
  • Weak Wells Not Fracking Caused US Gas Leaks Into Water

    09/16/2014 6:12:51 AM PDT · by lbryce · 19 replies
    BBC ^ | September 15, 2015 | Matt McGrath
    A new study suggests that the contamination of drinking water by shale gas is due to faulty wells and not hydraulic fracturing. Researchers in the US analysed the gas content in 130 water wells in Pennsylvania and Texas. They were able to trace the methane found in the water to problems with the casing or lining of wells drilled to extract the gas. The report appears in the Proceedings of the National Academy of Sciences. In many parts of the US, the migration of gas into drinking water has raised questions about the fracking process.
  • Barnet Shale still alive

    09/12/2014 6:12:36 AM PDT · by q_an_a · 7 replies
    Dallas Business Journal ^ | 9.10.2014 | Nicholas Sakelaris
    The Barnett Shale generates $11.8 billion in gross product per year and 107,650 permanent jobs for North Texas, according to economist Ray Perryman.
  • Eastern Europe Braces for Energy Shortages as Russian Gas Flows Fall

    09/12/2014 5:20:30 AM PDT · by McGruff · 18 replies
    The Wall Street Journal ^ | Sept. 12, 2014 | Sean Carney
    A fall in gas flows from Russia to two Eastern European countries this week has sent a chill through the region as it prepares for possible energy shortages this winter. Slovakia's gas distributor SPP said Thursday its daily gas intake from Russia fell 10% below contracted levels starting late Wednesday. Polish gas company PGNiG said its gas flows from Russia had fallen 45% below its contracted daily volumes by Thursday.
  • Poland sees sharply lower gas supplies from Russia

    09/10/2014 9:01:47 AM PDT · by tcrlaf · 63 replies
    Reuters ^ | 9-10-2014 | Adrian Krajewski
    Poland said on Wednesday the volume of gas it has received so far this week from Russian gas monopoly Gazprom was down by at least 20 percent. Some European countries believe Moscow may use a disruption of gas to Europe as a trump card in its confrontation with the West over Ukraine. The row has already dragged ties between Moscow and the West down to their worst since the Cold War. Ukraine's gas transport monopoly Ukrtransgaz was quoted by a Russian news agency as saying Gazprom was limiting flows to Poland to disrupt supplies of gas in the opposite direction,...
  • Recognizing The Golden Age Of Texas Oil And Gas While We're In It

    09/10/2014 5:24:53 AM PDT · by thackney · 8 replies
    Forbes ^ | 9/09/2014 | David Blackmon
    James Lebas, former chief revenue estimator for the Texas Comptroller’s office, made news recently when he told the state’s House Committee on Energy Resources that, working with the Comptroller’s office, he had determined that output from the oil and natural gas industry now accounts for fully one-third of the entire Texas economy. Given that the Texas economy would rank 12th among all nations on earth, that’s an amazing amount of economic activity for one industry to provide. Yet, it should not surprise anyone who has really been paying attention to the phenomenal boom the industry has undergone in Texas since...
  • Boom in Energy Spurs Industry in the Rust Belt

    09/10/2014 5:14:03 AM PDT · by thackney · 13 replies
    NY Times ^ | SEPT. 8, 2014 | NELSON D. SCHWARTZ
    Waist-high weeds and a crumbling old Chevy mark the entrance to a rust-colored factory complex on the edge of town here, seemingly another monument to the passing of the golden age of American industry. But deep inside the 14-acre site, the thwack-thwack-thwack sound of metal on metal tells a different story. “We’re holding our own,” said Greg Hess, who is looking to hire draftsmen and machine operators at the company he runs, Youngstown Bending and Rolling. “I feel good that we saved this place from the wrecking ball.” The turnaround is part of a transformation spreading across the heartland of...
  • EU Threatens New Sanctions; Russia Responds with Threats on Natural Gas

    09/09/2014 9:52:55 AM PDT · by Kaslin · 64 replies
    Townhall.com ^ | September 9, 2014 | Mike Shedlock
    The tit-for-tat sanction madness in Europe took a huge leap forward today with new sanctions in the work on Russian energy companies. Russia responded by threatening to restrict commercial flights over its airspace, by threatening to halt reverse flows of natural gas to Ukraine, and with a threat to reduce gas delivery to Europe.