Texas lawmakers on Wednesday gained some insight into where an increasing amount of money in the Lone Star State comes from: the Eagle Ford Shale oil and gas patch. The state is producing more oil than it has in the last 25 years, thanks in large part to the unconventional play in South Texas.
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Analysts: Ethane Surplus Could Last Through 2016
The Marcellus Shale, among other regions, could see persistent ethane rejection until the market comes back into balance, according to analysts at Raymond James & Associates Inc.
Shale Development Pushing New Mexico to 30-Year Production High
Based on the most recent state data for this year, New Mexico is on track to bust the 80 million bbl oil production level for the first time since the late 1970s, and natural gas is expected to stay level at about 1.2 Tcf, according New Mexico Oil and Gas Association (NMOGA) officials.
U.S. Unconventionals Spreading Wealth Nationwide
Economic contributions from unconventional development mostly are driven by the 16 states with oil and natural gas production, but a “significant portion” comes from states with no production, according to a state-by-state analysis by IHS Inc.
U.S. Unconventional Development Spreading Wealth Across Country
Economic contributions from unconventional development mostly are driven by the 16 states with oil and natural gas production, but a “significant portion” comes from states with no production, according to a state-by-state analysis by IHS Inc.
U.S. Unconventionals Spreading Wealth Nationwide
Economic contributions from unconventional development mostly are driven by the 16 states with oil and natural gas production, but a “significant portion” comes from states with no production, according to a state-by-state analysis by IHS Inc.
Colorado Water District Fights to Serve Oil/Gas Operators
A public-sector water conservancy is appealing to the Colorado Supreme Court for the right to divert and store water for prospective clients, including shale oil and gas operators. A state water court earlier denied the proposal by Yellow Jacket Water Conservancy District.
Ohio Landowners Optimistic They Will Lease Their 95K Acres
Several groups of Ohio landowners looking to lease thousands of acres in the Utica Shale believe their prospects are getting brighter now that the U.S. presidential election is over, oil and natural gas companies are starting to make moves and promising results are emerging from a well in Athens County.
People
The Railroad Commission of Texas appointed Milton Rister executive director of the agency effective Oct. 1. Rister comes from Texas Gov. Rick Perry’s office, where he has served as director for administration since 2010. Before that, Rister was executive director of the Texas Legislative Council from 2006 to 2009. He also served as a senior advisor for Lt. Gov. David Dewhurst in 2005. Former Executive Director John Tintera announced his retirement effective April 1 after 22 years of service to the commission (see Daily GPI, March 9).
Texas Regulator Proposes Flaring Measures
Railroad Commission of Texas (RRC) Commissioner David Porter said Wednesday the state must work to mitigate the impact of numerous gas flares across the state as Texas develops its oil and gas reserves from shale plays.