Interior Secretary Ken Salazar said Wednesday he is concerned about a series of incidents involving Royal Dutch Shell plc’s operations offshore Alaska and hopes an investigation will determine how to move forward.
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Ziff: Associated Gas Supplies Rising on Robust Oil Prices
After hitting a low point five years ago, associated gas is projected to grow to more than 12 Bcf/d, or about 15% of the North American natural gas supplies in 2020, according to a report released Tuesday by Canadian-based Ziff Energy.
MSC Reaching Out to Promised Land Audiences
MSC also released a longer video on social media channels and is asking viewers to submit their questions about natural gas production and use. The video includes a series of clips from a variety of news programs detailing the economic benefits of developing the Marcellus Shale.
South Dakota Lawmakers to Pursue Slate of Drilling Bills
An interim study committee in the South Dakota state legislature has agreed to pursue as many as eight different bills this year covering oil and natural drilling, including one aimed at hydraulic fracturing (fracking).
Shale Basins Demonstrate Maxim: Reduced Drilling Begets Higher Prices
Natural gas prices in the various North American shale basins rose about 50 cents, or close to 20%, year-to-year from Jan. 1, 2012 to Jan. 1, 2013, moving mainly from the $2.80s to the $3.30s per MMBtu. At the same time, operating rigs in the same basins dropped 21%, according to surveys conducted throughout the year for NGI’s Shale Daily.
Shell Given Six Month Extension to Make Ethane Cracker Decision
A subsidiary of Royal Dutch Shell plc has been given another six months to decide whether to purchase property in western Pennsylvania for a proposed “world scale” ethane cracker in the heart of the Marcellus Shale.
EVEP Says Agreement to Sell Utica Acreage Unlikely By Year’s End
EV Energy Partners LP (EVEP) said that although it has received offers for its acreage in the Utica Shale, the company does not expect to announce an agreement before the end of the year.
Blue Racer JV Expands Midstream Services in Utica
Dominion and Caiman Energy II LLC on Thursday said they are forming Blue Racer Midstream LLC, a $1.5 billion joint venture (JV) that would provide midstream services to natural gas producers operating in the Utica Shale in Ohio and portions of Pennsylvania.
A Few Northeast Gains No Match For Soft Market; Futures Retreat
Cash prices on average skidded about another dime overall on Friday as surging prices at a couple of points in the Northeast couldn’t balance an overall weak tenor to an oversupplied market. Midwest points slipped less than a dime, but Gulf and eastern points suffered double digit losses. At the close of trading January futures had made it five straight losses in a row for the week and settled at $3.314, down 3.3 cents and February lost 3.1 cents to $3.358. January crude oil added 84 cents to $86.73.
Eagle Ford Is Economic Engine, Foundation Report Says
The San Antonio, TX, metropolitan area has gained about 4,000 jobs from the Eagle Ford shale Play, and its upcoming major road improvements could tap up to $12 million annually from the oil/gas development, according to a report released Tuesday by the San Antonio Economic Development Foundation.