Domestic

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.

July 15, 2013
Energy Patch Drives Nation-Leading GDP Growth in North Dakota

Energy Patch Drives Nation-Leading GDP Growth in North Dakota

Oil and gas patch output is typically measured in barrels or cubic feet, but gross domestic product (GDP) is another yardstick by which to chart growth, and that’s particularly true in North Dakota, home to the Bakken Shale, the U.S. Energy Information Administration (EIA) said Friday.

July 15, 2013

OPEC Feeling the Weight of U.S. Shales

Prolific oil production from U.S. shales is weighing on the need for imports, OPEC acknowledged in its latest Monthly Oil Market Report (MOMR), and analysts at Barclays predicted that the Organization of the Petroleum Exporting Countries will see its influence over market balances decline over the next few years.

July 12, 2013
Rail Delivery of U.S. Crude Through June Up 48% From Year Ago

Rail Delivery of U.S. Crude Through June Up 48% From Year Ago

U.S. domestic crude oil production is at its highest level in 20 years, outstripping pipeline capacity and, increasingly, making its way to refineries and storage centers via railroads, according to the Energy Information Administration (EIA).

July 11, 2013

U.S. Shale Gas Lifting E&P Proven Reserves

Onshore drilling efficiencies in domestic shale gas plays continue to increase, per-unit costs continue to fall, and together, they given a big boost to operators’ proven reserves, by one calculation.

June 17, 2013

U.S. Shale Gas Lifting E&P Proven Reserves

Onshore drilling efficiencies in domestic shale gas plays continue to increase, per-unit costs continue to fall, and together, they given a big boost to operators’ proven reserves, by one calculation.

June 14, 2013

Spectra Shares Bounce on MLP Dropdown News

Shares of Spectra Energy Corp. (SE) spiked Wednesday the day after the company said it would drop down all of its remaining U.S. transmission and storage assets to Spectra Energy Partners (SEP) by the end of the year. Analysts joined investors in cheering the move and raised their ratings on SE shares to “buy.”

June 13, 2013

‘Challenging’ NatGas Market Leads Oneok to Disband Energy Services

Increased domestic natural gas supplies and infrastructure, coupled with lower gas price volatility, has led Oneok Inc. to announce that it will discontinue its energy services segment and release its nonaffiliated, third-party gas transportation and storage contracts to interested parties.

June 11, 2013

Texas RRC Adopts Well Casing, Fracking Rule Changes

The Railroad Commission of Texas (RRC) amended its oil and gas well construction requirements rule (Statewide Rule 13) to clarify requirements related to casing, cementing, drilling, well control and completions. The changes take effect Jan. 1, 2014 and apply to any wells drilled on or after that date.

May 28, 2013

Sempra CEO: DOE Freeport OK is Mandate for LNG Exports

The recent approval of a second license to export domestic liquefied natural gas (LNG) to non-free trade agreement (FTA) nations includes language that supports the disputed exports as being in the public interest, Sempra Energy CEO Debra Reed said at an investor conference Thursday in New York City.

May 28, 2013