Fleet operators continue to look for cleaner and less expensive fueling alternatives to gasoline, while some small industries are studying the options of using liquefied natural gas (LNG) or propane, depending on the specific application.
Continue
Articles from Continue
Shell CEO: Shale Output Will Continue to Hold Down NatGas Prices
Production from North American shale plays will continue to keep natural gas prices from increasing significantly any time soon, Royal Dutch Shell plc CEO Peter Voser told financial analysts in London Thursday.
Natural Gas as Alternative Fuel Drawing Wide Interest
Fleet operators continue to look for “cleaner” and less expensive fueling alternatives to gasoline, while other small industries are studying the options of using liquefied natural gas (LNG) or propane, depending on the specific application, which has moved natural gas into the spotlight nationwide.
Maryland State Senator: Fracking Won’t Occur Anytime Soon
Indications from a meeting on Monday of the Marcellus Shale Safe Drilling Initiative Advisory Commission in Annapolis are that Maryland will continue to chart a cautious course for the exploitation of its unconventional energy resources, said commission member and Republican State Sen. George Edwards, who represents three counties in western Maryland.
Continental Bolts On More Bakken Opportunities
Continental Resources Inc., now the king of the Bakken Shale, has expanded its empire to an estimated 1.1 million net acres after completing a deal to buy 119,218 million acres for $649.3 million in cash. The Samson Resources Co. properties in North Dakota, primarily in Williams and Divide counties, have current production estimated at about 6,500 boe/d, 82% weighted to crude oil.
Weir Buys Another U.S. Unconventional Oilfield Company
Scotland-based oilfield services provider The Weir Group plc continues to expand its U.S. onshore holdings, the latest deal being the acquisition of Oklahoma’s Mathena Inc.
NuStar Energy Unloads San Antonio Refinery, Terminal
Making good on its plan to continue a “strategic redirection” of its business, NuStar Energy LP on Monday said it has agreed sell its San Antonio refinery and related assets, including a terminal in Elmendorf, TX, and a pipeline connecting the terminal and refinery, to Calumet Specialty Products Partners, LP for $100 million, plus closing date inventory estimated to be $15 million.
NuStar Expanding Eagle Ford Crude Assets
NuStar Energy LP is expanding its South Texas Crude Oil Pipeline System with the support of a long-term pipeline and terminal services agreement recently struck with ConocoPhillips, the partnership said Thursday.
People
J. Larry Nichols is retiring as an employee of Devon Energy Corp. effective Dec. 31. He plans to continue to serve as executive chairman and as a director. Nichols’ retirement follows a succession plan announced in June 2010, when Devon President John Richels was promoted to CEO, a post that Nichols had held since 1980. Nichols and his father, John Nichols, co-founded Devon in 1971; the company went public in 1988. Among the company milestones under J. Larry Nichols’ leadership, Devon in 2002 acquired Mitchell Energy & Development Corp., giving it the top position in what was then the emerging Barnett Shale, as well as access to the drilling technology pioneered by George Mitchell, which successfully combined horizontal drilling techniques with hydraulic fracturing well stimulation (see Daily GPI, Jan. 25, 2002; Aug. 15, 2001).
NatGas, Electricity Industries Struggle Toward Common Ground
With electricity generation becoming ever more dependent on natural gas, coordination between the two markets will continue to be a top priority and a series of other issues need to be resolved, according to panelists at the Energy Bar Association (EBA) Mid-Year conference in Washington, DC, Friday.