A bill that would create rules governing hydraulic fracturing (fracking) passed a key committee in the state House of Representatives on Wednesday and is scheduled to be submitted to the full House for a floor vote on Thursday.
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Colorado’s New Energy Emphasis: Fossil Fuels and Renewables
Colorado Gov. John Hickenlooper is expected to sign a new bill (HB12-1315) that was passed Wednesday by the state Senate to create a renamed and refocused governor’s energy unit. The Colorado Office of Energy Development would emphasize both traditional and renewable energy resources.
eCorp, New York Landowners Group Scrap Drilling Agreement
eCorp International LLC and a property owners organization in New York have decided to scrap a “complex” plan to create a company indirectly owned by the landowners and will return to the drawing board, delaying the possibility of bringing waterless hydraulic fracturing (fracking) to the Empire State.
Industry Brief
Two companies in southwest Mississippi are proceeding with plans to produce and strengthen sand for hydraulic fracturing. The Blaine Cos., which maintains quarry operations in Natchez, MS, is launching Magnolia Frac Sand LLC, a business division that will produce frack sand for Fores Frac Sand LLC, a new division of Fores Canada Inc., and Fores Resin Coat LLC will strengthen some of the frack sand by coating it with resin. Fores is also installing a handling facility and a loading and storage facility in Natchez. Blain is investing $7 million in Magnolia and Fores is investing $27 million in its Mississippi entry. The project is expected to create about 60 jobs in the Natchez area.
MSC Touts Marcellus Best Practices
Seeking to create a uniform standard for how the oil and gas industry in the Appalachian Basin goes about drill site planning, developing and restoring the landscape once operations are complete, the Marcellus Shale Coalition (MSC) has released its first Recommended Practices (RP) report.
Drilling Cutbacks Pose Water Recycling Dilemma
The decline in U.S. unconventional natural gas drilling this year may create an unintended consequence: reducing the amount of flowback water that operators reuse at well sites.
Gas Rig Decline Does Not Equal Immediate Production Decline, ConocoPhillips Exec Says
Don’t like today’s low natural gas prices? Hang on, they will change, eventually, ConocoPhillips Gas & Power’s Jim Duncan, manager of market research, told a Houston audience Thursday.
Oil, Gas Development Could ‘Reindustrialize’ America
Robust natural gas and oil supply growth has the potential by 2020 to “radically reindustrialize” the United States and Canada and create “the New Middle East,” as long as politics don’t get in the way, according to an indepth report prepared by the energy team at Citigroup Global Markets Inc.
IHS CERAWeek: Gas Price Pain? Blame Progress
Natural gas prices are going to stay low “for quite a while,” and producers are just going to have to deal with it; after all, it’s their fault, Southwestern Energy CEO Steven Mueller told a Houston audience Wednesday.
Ohio Shale Adds 65,000 Jobs, $4.9 Billion by 2014, Says Study
Natural gas and oil drilling in Ohio could create 65,000 jobs and add nearly $5 billion to state coffers by 2014, according to an industry-sponsored eight-month study that was issued last week.