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Rich Nemec

Richard Nemec began writing for NGI in 1995 and has 30 years experience in the energy industry. He holds BA from the University of Southern California, Los Angeles; and a MA in journalism from Northwestern University, Evanston, IL; and completed MBA courses at Northwestern's Evening Graduate School of Management.

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West Coast Correspondent | Los Angeles, CA

email rich.nemec@naturalgasintel.com

Plains GP Holdings Nets $2.82B in Year’s Biggest IPO

Houston-based Plains All American Pipeline LP’s recently formed general partner, Plains GP Holdings, on Wednesday raised $2.82 billion in the nation’s largest initial public offering (IPO) so far this year. The IPO offered 128 million shares at $22/share, and after the first day of trading the closing price settled at the offered amount.

October 17, 2013
North Dakota Official: Bakken ‘Changed World Markets’

North Dakota Official: Bakken ‘Changed World Markets’

In anticipating 1 million b/d of North Dakota crude oil production in the next few months, the state’s chief oil/natural gas overseer said Tuesday that the Bakken Shale has changed world energy dynamics to the point that North America soon may be a net exporter of oil.

October 17, 2013

Can Oregon Support Two LNG Export Terminals?

British Columbia has multiple liquefied natural gas (LNG) export facilities being proposed for Canada’s west coast, and supporters believe that several might make the cut, but the two proposed export projects on the drawing board in Oregon are drawing questions, with some wondering if even one can become reality.

October 16, 2013

U.S. Pipelines Spurn Latest Pemex RFP

The two North American pipelines with substantial stakes in Mexico have passed up the latest bidding solicitation by Petroleos Mexicanos (Pemex), which has been looking for potential builders for a $1.8 billion natural gas pipeline, considered the biggest now ongoing in the country.

October 16, 2013
Takeaway Infrastructure Catching Up in Bakken, Kodiak CEO Says

Takeaway Infrastructure Catching Up in Bakken, Kodiak CEO Says

Transportation of rapidly rising oil production in the Bakken Shale play is no longer a problem as both rail and pipeline shippers have excess capacity, according to the CEO of Kodiak Oil & Gas Corp., which sells its growing production at the wellhead. It holds no capacity for either rail or pipe shipments.

October 15, 2013
North Dakota Hits 1 Bcf/d Production; Oil Surge Continues

North Dakota Hits 1 Bcf/d Production; Oil Surge Continues

North Dakota officials reported Tuesday that the state again set all-time production records in August, hitting 1 Bcf/d for natural gas and 911,000 b/d of crude oil production. Department of Mineral Resources Director Lynn Helms predicted the state would soon pass the 1 million b/d milestone.

October 15, 2013

North Dakota Lawmakers Seek Long-Term Oil Policy

With a seemingly ever-increasing mother lode of crude oil from the Bakken Shale play, North Dakota lawmakers have embarked on a process for developing a long-term strategy regarding state revenues and taxation of the oil industry. An initial review of bidders to help in mapping the strategy is set for Oct. 31.

October 14, 2013

North Dakota Lawmakers Seek Long-Term Oil Policy

With a seemingly ever-increasing mother lode of crude oil from the Bakken Shale play, North Dakota lawmakers have embarked on a process for developing a long-term strategy regarding state revenues and taxation of the oil industry. An initial review of bidders to help in mapping the strategy is set for Oct. 31.

October 14, 2013

North Dakota Oil Spill ‘Under Control,’ Officials Say

A 20,600 bbl Bakken crude oil spill in North Dakota from a leak sprung in a Tesoro Logistics LP pipeline in a wheat field northeast of Tioga, ND, on Friday was fully contained, under control and in the process of being remediated, according to state and company officials. The leak had originally been detected Sept. 29 and was mistakenly thought to be much smaller.

October 11, 2013

California Oil/Gas Official: Governor Supports Fracking

Amplifying favorable comments made earlier this year by Gov. Jerry Brown regarding future oil and natural gas development in California, the head of the state department responsible for overseeing drilling said recently that Brown supports the use of hydraulic fracturing (fracking).

October 11, 2013