After a string of modest but attention-getting spills over the past 18 months, the government in the home base of the Canadian oil and gas industry has launched a review of pipeline safety standards.
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Articles from Base
Cabot Sets Production Record, Stepping Out in the Marcellus
First quarter results of Cabot Oil & Gas Corp. improved over the year-ago period, thanks mainly to expansion of the company’s production base. Oil and gas production volumes both set company records, although low gas prices weighed on the Houston-based producer.
GM’s Bifuel Trucks to Carry $11,000 Base-Price Premium
General Motors (GM) said Tuesday its upcoming compressed natural gas (CNG) bifuel pickup trucks will carry an $11,000 price above the base sticker price for similar gasoline or diesel fueled trucks, but it said the extended-range vehicles will offer a three-to-five year payback on lower fuel and operating costs compared to gasoline and diesel models.
NiSource Unveils Plans for New Pennsylvania Marcellus Pipeline
NiSource Gas Transmission & Storage (NGT&S) is in the latter stages of developing a 90-mile pipeline in western Pennsylvania to support increased Marcellus Shale natural gas production, NiSource Inc. officials said Wednesday.
EIA Cuts Marcellus Shale Estimate, But Predicts Net U.S. Exports
The Department of Energy’s (DOE) Energy Information Administration (EIA) Monday cut its estimate of the U.S. shale gas resource base almost in half, based on a dramatic drop in Marcellus Shale estimates.
Louisiana: Drillers Going Where the Taxes Aren’t
Producers active in Louisiana — where they enjoy an exemption from state severance taxes on production from horizontal wells — are increasingly eschewing conventional drilling to take advantage of the tax break, and that’s showing up in state revenue figures, according to a recent forecast from the state’s Legislative Fiscal Office. However, industry advocates advise: look at all the other taxes producers are paying.
ConocoPhillips Facing Liquids Takeaway Issues in Eagle Ford
ConocoPhillips is facing some takeaway issues for its liquids in the Eagle Ford Shale in South Texas, but that’s only a minor blip on the screen and has done nothing to reduce the company’s enthusiasm for unconventional plays, executives said Wednesday.
SemGroup Rejects Plains Merger Offer
SemGroup Corp. on Monday soundly rejected a $1.24 billion takeover bid by Plains All American Pipeline LP, calling the offer “opportunistic” and failing to reflect the company’s “bright prospects.”
USGS Clarifies Marcellus Gas Estimate
The cloud of confusion surrounding the U.S. Geological Survey’s (USGS) recent estimate of undiscovered, technically recoverable natural gas and natural gas liquids (NGL) contained in the Marcellus Shale — and the apparent differences between the USGS assessment and previous estimates — cleared somewhat Friday as the agency clarified its methodology.
More Rich Gas Gathering Planned for South Texas
Meritage Midstream Services LLC plans to build a rich gas gathering system in Webb County, TX, with Escondido Resources II LLC as the anchor customer.