An Oklahoma tax break for horizontal wells enacted in 2010 is depriving the Sooner State of revenue that could beef up its rainy day fund and should be reconsidered, the state’s secretary of finance and revenue said.
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Gasland Redux Long on Propaganda, Short on Facts
A follow-up documentary on natural gas drilling by propagandist Josh Fox premiered on HBO last week, offering some half-truths and outright distortions about the oil and gas industry, as well as President Obama’s energy policies.
Despite Outcry, Pennsylvania Governor Signs Drilling Bill
Pennsylvania Gov. Tom Corbett signed 29 bills into law last Tuesday, including SB 259, which the state’s chapter of the National Association of Royalty Owners (NARO) has derided as “a kissing cousin to forced pooling.”
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Ben van Beurden, 55, who was appointed downstream director and a member of the executive committee for Royal Dutch Shell plc in January, was named to succeed Peter Voser as CEO on Jan. 1 (see NGI, May 6). Van Beurden has been responsible for refining and marketing businesses, as well as overseeing the trading companies. He also is responsible for the petrochemicals manufacturing and marketing business, which has been eyeing expansions in the United States because of increased natural gas activity, as well as the gas-to-liquids business. He joined Shell in 1983 and has worked in Houston, the Netherlands, Africa, Malaysia and most recently, the UK. He is credited with helping to turn the petrochemicals operations to profitability after several quarters of big losses. The Dutch national earned a master’s degree in chemical engineering from Delft University of Technology in the Netherlands.
Study Says Quakes Abroad Could Hit U.S. Injection Wells
Researchers at Columbia University said earthquakes that occur on the other side of the world could create smaller temblors near wastewater injection sites in the United States.
Gasland Redux Long on Propaganda, Short on Facts
A follow-up documentary on natural gas drilling by propagandist Josh Fox premiered on HBO last week, offering some half-truths and outright distortions about the oil and gas industry, as well as President Obama’s energy policies.
Climate Change Endangers Oil, Gas Infrastructure, Says DOE
Natural gas and oil production is vulnerable to decreasing water availability and operations in Arctic Alaska to thawing permafrost, both of which are potential impacts of climate change, according to a report issued Thursday by the U.S. Department of Energy (DOE).
Proposed Canada LNG Export Volumes at 137 Tcf
The total volume of Canadian reserves earmarked for liquefied natural gas (LNG) sales to Asia from the northern Pacific coast of British Columbia (BC) has hit an astronomical 137 Tcf, according to the National Energy Board (NEB).
With LNG Export, Fungibility is A Foil to Volatility
Those who worry that export of liquefied domestic natural gas will invite global oil price volatility into the U.S. gas market are forgetting about fungibility, Rice University energy fellow Ken Medlock said during a recent presentation.
Liberty Files Revamped Plans for New Jersey LNG Terminal
Liberty Natural Gas LLC, which last year withdrew applications to build a liquefied natural gas (LNG) import terminal off the coast of New Jersey, has filed a revamped application with the Maritime Administration (MARAD) and the U.S. Coast Guard. The new application is for a different location and would allow many more LNG carrier deliveries once the facility is completed.