Boom

In its efforts to maximize the opportunities provided by the domestic shale oil and gas boom, Houston-based Phillips 66 said it plans to develop a 100,000 b/d natural gas liquids (NGL) fractionator in Old Ocean, TX, which would provide an alternative for suppliers wary of congestion at facilities located in and around Mont Belvieu, TX.

Midstream and downstream energy giant Phillips 66 is positioning itself to take full advantage of the ongoing North American shale oil boom by inking a number of deals to increase supplies of cost-advantaged North American crude oil to its U.S. refineries.

With exploration and production (E&P) activity heating up along the eastern border of Montana as an extension of the North Dakota oil and natural gas boom, state lawmakers in the Big Sky state have proposed about a half-dozen new laws to deal with the impact on the local communities in the region.

Acknowledging that the boom in natural gas has led to cleaner-burning power and greater energy independence in the United States, President Obama last Tuesday in his first State of the Union Address (SOTU) of his second term vowed to cut red tape to speed up the permitting process for new oil and gas permits on public lands.

Acknowledging that the boom in natural gas has led to cleaner-burning power and greater energy independence in the United States, President Obama Tuesday in his first State of the Union Address of his second term vowed to cut red tape to speed up the permitting process for new oil and gas permits on public lands.

Acknowledging that the boom in natural gas has led to cleaner-burning power and greater energy independence in the United States, President Obama Tuesday in his first State of the Union Address of his second term vowed to cut red tape to speed up the permitting process for new oil and gas permits on public lands.

Driven by the U.S. shale boom and resulting low natural gas prices, the issue for local utility gas providers of extending their distribution pipeline systems is drawing re-examination by regulators and industry researchers.

Oil, the latest growth engine of the U.S. unconventional boom, is spurting up from the ground at an exceptional pace, which is leading many operators to rethink where — and how — they want to deliver their reserves for the best prices.

Is the next U.S. energy boom following shale going to evolve around oilsands? A Canadian producer is testing the viability of the unconventional oil based on its work to date in Utah.