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Valero Looks to Build Mega-Methanol Plant Fueled by Shale

Valero Looks to Build Mega-Methanol Plant Fueled by Shale

Valero Energy Corp. is planning to make its first big splash in the petrochemicals market by constructing a $700 million methanol plant on the same site in St. Charles Parish, LA, where its transportation fuel refinery is located.

July 17, 2013

Energy Executives More Optimistic but Wary on Price Direction

Oil and natural gas executives are more optimistic than late last year about the global economy, and most expect to either maintain or hire more employees over the coming year, but they still remain focused on “lower-risk growth” rather than on mergers and acquisitions (M&A), according to a survey by Ernst & Young.

May 14, 2013

University Pro-Fracking Paper Nixed on Conflict of Interest

The University of Texas at Austin has pulled a 2012 UT Energy Institute report that was supportive of hydraulic fracturing and shale gas development following a review of the study by an independent panel that found researchers failed to disclose a conflict of interest.

December 11, 2012

Eagle Ford an Oil Production Barn Burner, Say Analysts

The Eagle Ford Shale of South Texas is likely the biggest potential driver of U.S. oil production growth for the next five to 10 years with production on track to pass 1 million b/d by the middle of next year and 1.7 million b/d by the end of 2015, analyst at Raymond James & Associates said in a note Monday.

November 20, 2012

New York Town Extends Fracking Moratorium

The Town Board of Onondaga, NY, voted Monday to extend its moratorium on hydraulic fracturing (fracking) for three months, or until the board passes an ordinance either allowing or prohibiting the practice.

November 8, 2012

MarkWest Building Out Utica Midstream Capacity for Antero

Producer Antero Resources, which recently refocused all of its efforts on Appalachia, has signed up for Utica Shale processing, fractionation and marketing services with MarkWest Utica EMG LLC.

November 7, 2012

BG Group Plans to Cut U.S. Drilling

BG Group, whose global expertise is centered around natural gas, on Wednesday said it plans to slash U.S. drilling, as well as other global gas-weighted projects, because of low commodity prices.

November 5, 2012
As Binghamton Mulls Appeal, Two More New York Frack Bans Head to Court

As Binghamton Mulls Appeal, Two More New York Frack Bans Head to Court

Plaintiffs suing two municipalities in New York State for enacting bans on hydraulic fracturing (fracking) will soon have their day in court. Meanwhile, the city of Binghamton, which had its day in court — and lost — is considering an appeal.

October 5, 2012

Producers, States Press BLM to Withdraw Fracking Rule

States and producers Monday called on the Obama administration to either withdraw or suspend a proposed rule that would require companies to publicly disclose chemicals used in hydraulic fracturing (fracking) operations on federal and Indian lands. Environmental and conservation groups lobbied for the federal government to tighten the rule.

September 12, 2012

EIA Foresees a Small Production Drop in Coming Months

U.S. shale gas plays continued to make a substantial contribution to the country’s natural gas production, the Energy Information Administration (EIA) said Tuesday in a report that cited supply gains last month. However, a declining rig count signals that production declines are on the way, the agency said.

July 12, 2012
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