The United States could produce 5 million b/d from shale oil deposits by 2017 and may become the world’s largest oil producer — reaching up to 16 million b/d in just a few years by combining shale with conventional oil, liquefied natural gas (LNG) and biofuels, according to a researcher at Harvard Kennedy School.
Easing
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Magnum Hunter Buying 51,500 Appalachian Acres
Magnum Hunter Resources Corp. unit Triad Hunter LLC has agreed to buy all of privately-held Viking International Resources Co. Inc. (Virco) for $106.7 million, picking up 51,500 net Appalachian Basin mineral acres in West Virginia and Ohio.

Triangle Petroleum, First Reserve Form Bakken Midstream JV
Caliber Midstream Partners LP, a joint venture (JV) formed by Triangle Petroleum Corp. and First Reserve Corp.’s Energy Infrastructure Fund (FREIF), will focus on midstream and infrastructure opportunities in the Williston Basin of North Dakota and Montana, Triangle said Monday.
LNG Exports Move Closer to Reality
A series of recent decisions by regulators and moves by operators of liquefied natural gas (LNG) facilities indicate the logjam of LNG exports may be easing.
Range, Consol Tout Marcellus Growth
The bottlenecks of the Marcellus Shale appear to be easing, as two of the oldest shale producers in the region recently announced production milestones.
Heat Levels Revive, And So Do Prices
Some easing of hot weather going into the weekend had been reversed as the new trading week began, and prices were up strongly across the board Monday — even featuring a couple of dollar-plus jumps in New England as peak temperatures neared 90 in the Boston area.
EPA Eases Rules for CNG Vehicle Conversion
The Environmental Protection Agency (EPA) last Wednesday announced a final rule easing the way for the conversion of cars and trucks, particularly older vehicles, from gasoline or diesel power to alternative fuels, including compressed natural gas (CNG), propane, alcohol and electricity.
EPA Eases Rules for Conversion of Vehicles to CNG
The Environmental Protection Agency (EPA) Wednesday announced a final rule easing the way for the conversion of cars and trucks, particularly older vehicles, from gasoline or diesel power to alternative fuels, including compressed natural gas (CNG), propane, alcohol and electricity.
Market for West LNG Expected to Improve
Recent market research indicates that the there will be an easing of the tight global liquefied natural gas (LNG) market and capacity could reach 45.95 Bcf/d for LNG production by 2014, according to an executive with Oregon LNG, which is seeking FERC approval to build a 1.5 Bcf/d LNG tolling facility at the mouth of the Columbia River near Warrenton, OR.
Market Conditions for West Coast LNG Expected to Improve
Recent market research indicates the there will be an easing of the tight global liquefied natural gas (LNG) market and capacity could reach 45.95 Bcf/d for LNG production by 2014, according to an executive with Oregon LNG, which is seeking FERC approval to build a 1.5 Bcf/d LNG tolling facility at the mouth of the Columbia River near Warrenton, OR.