About half of the active land drilling rigs in the United States are drilling in Texas, home of red hot oil plays in the Permian Basin and Eagle Ford Shale. Based on preliminary Railroad Commission of Texas (RRC) production figures for August, production of oil and gas in the state are up from year-ago levels.
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Articles from Joe Fisher
Multiple pipeline expansions expected to come online between now and 2015 in the Northeast will take more gas out of the Marcellus Shale, but they won’t do much to alleviate winter price spikes in New England, according to the Energy Information Administration (EIA).
Beginning Friday, New Jersey and New York customers on Williams’ Transcontinental Gas Pipe Line (Transco), for the first time on a large scale will have direct access to Marcellus Shale natural gas in their own backyards, thanks to the second phase of Transco’s Northeast Supply Link.
Water resources company GreenHunter Resources Inc., which serves oil and gas shale producers, said company-wide volume of fluids handled during the third quarter was up 130% compared with a year ago.
Recent deals in the midstream master limited partnership (MLP) arena have moved activist shareholder Sandell Asset Management to press harder for a new strategy for DCP Midstream LLC (DCP) that he recently proposed.
The Marcellus Shale continues to make its presence felt, not just in the Northeast but also down south in the Gulf Coast region where Boardwalk Pipeline Partners LP continues to see its pipeline capacity discounted by a market awash in gas.
Commercial and industrial customers of Crowley Maritime Corp.’s Carib Energy unit in Puerto Rico soon could be enjoying lower energy costs, thanks to cheap liquefied natural gas (LNG) delivered via container from the mainland United States. But savings for prospective customers in Central and South America and the Caribbean are being delayed by the U.S. Department of Energy (DOE).
Pioneer Natural Resources Co., the first independent producer to ply Alaska’s North Slope, is selling its Alaska business unit to focus on West Texas.
Since the beginning of 2009, Central Oklahoma has experienced a substantial increase in seismic activity, too much to be random, researchers think. Drilling wastewater disposal in injection wells is a likely contributing factor, they said.