Colorado Air Regulators Mull Increased Drilling Oversight

Colorado drillers may face more scrutiny about emissions from their oil and natural operations under regulations being pondered by the state’s Department of Public Health and Environment (CDPHE).

July 10, 2013

Global Competition Slamming LNG Prices, Says ExxonMobil

Sales competition is undermining international prices for liquefied natural gas (LNG), according to ExxonMobil Corp.’s export terminal proposal for the northern Pacific Coast of British Columbia (BC). The supermajor and Canadian affiliate Imperial Oil Ltd. noted the competition in a filing with the National Energy Board (NEB) to build a terminal that could export as much as 30 million metric tons a year (mmty) to overseas markets.

July 8, 2013

California Carbon Capture/Storage Project In Doubt (Again)

A preliminary analysis released last Friday by state and federal energy officials has recast doubts about the future of a $4 billion project that involves what would be California’s first commercial carbon capture and storage (CCS) facility slated for the state’s oil patch in the southern end of the central valley west of Bakersfield.

July 3, 2013
Shale Gas Boom Creating Challenges for State Regulators

Shale Gas Boom Creating Challenges for State Regulators

State regulators continue to be the primary overseers of shale natural gas development, but because of the speed at which the boom shifted — and continues to shift — the energy marketplace, the dynamic environment has created challenges for the energy industry and all of the stakeholders involved, according to a report by Resources for the Future (RFF).

June 28, 2013

Industry Brief

New York’s Con Edison said it will spend about $100 million on new natural gas mains, regulators and other upgrades to its system in several neighborhoods in Manhattan and the Bronx, enabling more customers to convert from heating oil. “Our customers are discovering the economic and environmental benefits of switching from heavy fuel oils to natural gas, and we want to do everything we can to make the conversion process easy for them,” said Nick Inga, director of the utility’s gas conversion group. A New York City environmental regulation phases out the use of No. 6 fuel oil by 2015 and No. 4 fuel oil by 2030. The regulation requires building owners to switch to another heating source, such as natural gas. Although the regulation does not require the phasing out of No. 2 fuel oil, hundreds of No. 2 oil-heated buildings have switched as well to natural gas due to economic benefits, Con Edison said.

June 25, 2013

USGS Finds Methane in Pennsylvania Water Wells Before Drilling

The U.S. Geological Survey (USGS) said it found naturally occurring dissolved methane at several household wells used for drinking water in Sullivan County, PA, during pre-drill baseline testing at sites not near existing oil and gas drilling in the Marcellus Shale.

June 21, 2013
Higher NatGas Prices Lift Fayetteville Shale Country Taxes

Higher NatGas Prices Lift Fayetteville Shale Country Taxes

Arkansas’ gross revenue from natural gas severance taxes so far this year is trending higher than during 2011, which turned out to be a record year for gas severance tax revenue in the Natural State.

June 12, 2013
Shale Gas, Oil ‘Globally Abundant,’ EIA Says

Shale Gas, Oil ‘Globally Abundant,’ EIA Says

Estimated global shale gas and shale oil resources represent 32% of the world’s natural gas and 10% of the world’s crude oil technically recoverable resources, according to an assessment released Monday by the U.S. Energy Information Administration (EIA).

June 11, 2013

Kinder Morgan Shelves Permian-California Crude Pipeline

Following an unsuccessful open season, Kinder Morgan Energy Partners LP (KMP) has shelved plans for the Freedom Pipeline, which would have carried Permian Basin crude oil from Texas to California refineries.

June 3, 2013

Shale-Driven Chemical Projects A Tax Bonanza

Nearly 100 shale gas-driven chemical industry projects in the United States, worth about $71.7 billion, will generate $20 billion in federal, state and local tax revenue by 2020, according to an analysis by the American Chemistry Council (ACC).

May 27, 2013