Developing domestic gas resources could boost gross domestic product by 5% a year for the next 40 years, creating more jobs and powering the economy, says a former Shell Oil Co. chief.
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North Dakota Report: Oil Economic Impact Up Sevenfold
North Dakota’s record-setting oil production pace has provided an economic boost that has increased sevenfold since 2004, reaching $30.4 billion in 2011, according to a study released by North Dakota State University (NDSU).
New Mexico Still Attracting Interest Despite Less Production
While Mexico’s gas-rich San Juan Basin turned up another declining year of natural gas production in 2012, state officials and some exploration and production (E&P) companies are maintaining interest in the state’s overall oil, liquids and gas businesses.
Tennessee Seeks Compression Expansion in Northeastern Pennsylvania
Tennessee Gas Pipeline has filed an application at the Federal Energy Regulatory Commission seeking to boost the compression capacity along its 300 Line to meet the growing demand for interstate natural gas transportation service in the northeastern United States and Canada.
Statoil’s Bakken Crude Riding the Rails
Statoil plans to boost its North American production from less than 100,000 boe/d in 2011 to more than 500,000 boe/d in 2020. In the Bakken and Three Forks shale plays of North Dakota, the company said it will get its oil to market through greatly expanded use of rail transport beginning in September.
Florida Eyeing Legislation to Expand NGVs
State legislation is likely next year in Florida to help boost the use of natural gas vehicles (NGV), according to a state House representative who is a leader on energy issues. The comments by state Rep. Lake Ray (R-Jacksonville) came as a Florida NGV organization was formed and an economic impact study released.
Industry Briefs
The two main competitors to natural gas vehicles (NGV) in the transportation fuel sector — biodiesel and propane — received a boost from the California Energy Commission (CEC) earlier this month, with nearly $2 million in grants from the state alternative fuel production and vehicles fund, which has also given several million dollars to NGV programs this year. A Northern California-based firm, Yokayo Biofuels Inc., will get $1.86 million from the CEC to expand and upgrade its facilities. Production capacity is supposed to grow from 1,400 to 2,000 gallons/d, the CEC said. Yokayo uses an enzymatic process that is supposed to be environmentally cleaner and more efficient than current methods for producing biodiesel. The CEC also doled out $114,000 to Big Valley Ford Inc., a Ford dealer in Stockton, CA, for the state’s buy-down program allowing 19 propane gas-powered vehicles to be purchased with the grant helping to pay the difference between alternative fuel vehicles and conventional ones.
EOR Could Grow with Renewed Carbon Capture Push
Oil prices above $75/bbl and increased need for carbon capture programs are quietly converging as a possible long-term boost for the increased use of enhanced oil recovery (EOR), according to industry sources working to drive commercial-scale projects with the help of the U.S. Department of Energy (DOE) and selected state initiatives.
Millennium Marcellus Expansion Stalled at FERC
Millennium Pipeline Co. LLC and sponsors of its proposed natural gas compressor station project in Minisink, NY, which would boost the company’s firm deliveries of Marcellus Shale gas to about 675,000 Dth/d to serve the Northeast and New England markets, continue to await FERC’s final decision on the application, originally filed almost a year ago.
Millennium Marcellus Expansion Stalled at FERC
Millennium Pipeline Co. LLC and sponsors of its proposed natural gas compressor station project in Minisink, NY, which would boost the company’s firm deliveries of Marcellus Shale gas to about 675,000 Dth/d to serve the Northeast and New England markets, continue to await FERC’s final decision on the application, originally filed almost a year ago.