Around

June’s flood in and around the Bakken Shale play in North Dakota has been a setback for all the producers in the area, but it may not be as devastating as earlier reports indicated (see Daily GPI, June 28), MDU Resources Group Inc. senior executives said Tuesday during a second quarter earnings conference call.

The Independent Petroleum Association of America (IPAA) said Thursday production of natural gas plant liquids (NGPL) — which includes ethane, propane, butane and lease condensate — has increased substantially over the last three years.

Tennessee lifted Saturday evening an OFO Action Alert for meters on the 200 Line downstream of Station 249.

For the time being at least, Marcellus Shale producers are paying the price for too much of a good thing. Concentrated development in the nation’s preeminent shale gas play has made for basis-inverting constraints on Tennessee Gas Pipeline. However, the industry has seen this sort of thing before (in the Rockies more than once, for instance), and the market will work it out, eventually, a Marcellus producer told NGI’s Shale Daily.

In the bush around the Norman Wells inlet to the most northerly oil conduit on the continent, six producers have snapped up 8,998 square kilometers (3,473 square miles) of drilling rights leases by pledging to spend C$534 million on exploration over the next nine years.

In the bush around the Norman Wells inlet to the most northerly oil conduit on the continent, six producers have snapped up 8,998 square kilometers (3,473 square miles) of drilling rights leases by pledging to spend C$534 million on exploration over the next nine years.

The South was destined to bake under highs from around 90 to a little more than 100 stretching as far west as Arizona, but most of the rest of the U.S. and Canada could expect temperatures ranging from merely warm to chilly. Combined with the previous day’s July futures dip of 17.3 cents, the decline of cooling demand resulted in double-digit price losses across the board Friday.

The Marcellus Shale industry is driving job growth in Pennsylvania, according to new government figures.

Serious Canadian energy investment and equally focused environmental interests are warily eyeing each other in and around the Uinta Basin in southeastern Utah, where energy developers see an extension of their oil sands plays in Western Canada, and a group called Living Rivers warns of a potential environmental and public health disaster.