Abundance

The re-emerging Mississippian Lime may be cheaper to drill than in some deeper formations, but an abundance of produced water has created a flood of innovative solutions by some operators.

North Dakota continues to set new records for oil and natural gas production, and it has begun working on innovative solutions to deal with the abundance of flared gas.

Cash prices overall averaged a 20-cent drop Friday as weather forecasts called for moderation in the Northeast and marketers cited an abundance of available gas. Rockies, the Midwest and the Gulf Coast were all lower. At the close of trading, December futures had dropped 10.5 cents to $3.503 and January was off by 10.3 cents to $3.634. December crude oil gained 98 cents to $86.07/bbl.

Policies that take advantage of the U.S. fossil fuel energy abundance — natural gas, oil and coal — could spark “widespread employment growth” in many areas of the country, according to new research by the Manhattan Institute.

Rapid development of the Marcellus Shale is attracting new exploration and production (E&P) activity, a trend that is affecting long-standing national and regional gas flows, as well as regional pricing, according to a new report from Standard & Poor’s Ratings Services (S&P).

The Marcellus Shale’s location near high-consumption centers, its bountiful reserves and its chameleon-like ability to produce wet or dry natural gas in abundance have made it a worthwhile destination for midstream operators, and it should remain so for several years, according to Fitch Ratings.

The Marcellus Shale’s location near high-consumption centers, its bountiful reserves and its chameleon-like ability to produce wet or dry natural gas in abundance have made it a worthwhile destination for midstream operators, and it should remain so for several years, according to Fitch Ratings.

The hype about the under-explored Monterey Shale in California is worthy of most of the superlatives about unconventional oil and natural gas abundance, two of Wood Mackenzie’s Houston analysts said recently.

Japanese chemical manufacturer Kuraray Co. Ltd. announced Tuesday that it plans to take advantage of an abundance of shale gas in the United States and will build a $10.1 million facility in Texas to produce plastic.