Estimated

BP’s $7.8B Macondo Spill Pact Wins Initial Court OK

BP plc on Wednesday won preliminary approval for an estimated $7.8 billion settlement to resolve more than 100,000 court claims stemming from the Macondo well blowout and oil spill in the Gulf of Mexico in April 2010. The blowout destroyed the Deepwater Horizon rig servicing the well and killed 11 men.

May 4, 2012

Anadarko Ramps Up Three Wells in Eastern Ohio

Anadarko Petroleum Corp. has drilled and is producing from three wells in the eastern Ohio portion of the Utica Shale, the most recent of which delivered more than 9,500 bbl of crude oil and 12 MMcf of natural gas in the first 20 days online, the producer said Thursday.

April 20, 2012

Kitimat-Summit Lake Gas Pipeline Expansion Clears Hurdle

Environmental regulators in British Columbia (BC) have approved a request by Pacific Trail Pipelines LP (PTP) for an expansion to the Kitimat to Summit Lake (KSL) Looping Project, a proposed pipeline to transport natural gas from the Horn River Basin in Western Canada to the Pacific coast.

April 19, 2012

Barring Appeal, Tax Exemption Ruling Could Cost Texas $4.4B

Texas could lose an estimated $4.4 billion in revenue from oil and gas sales taxes, depending on how a district court judge tailors his ruling on exempting oil and gas companies from paying the state sales taxes on extraction equipment.

April 18, 2012

Eagle Ford, Rockies Liquids Spur Mont Belvieu Expansion

The buildout of infrastructure to serve growing liquids-rich natural gas production from shale plays is continuing. Driven by natural gas liquids (NGL) production out of the Rockies and the Eagle Ford Shale of South Texas, Enterprise Products Partners LP plans to construct two more NGL fractionators at its Mont Belvieu, TX, facility. These would provide 150,000 b/d of incremental capacity. Pipeline construction also is under way.

March 21, 2012

Shell Chooses Pennsylvania for Marcellus Cracker

Shell Chemical LP has chosen a rural area outside of Pittsburgh as the potential location for a major petrochemical complex that could include an ethane cracker in the heart of the Marcellus Shale.

March 19, 2012

Shell Chooses Pennsylvania for Marcellus Cracker

Although the announcement does not mean the company is committed to its plans for a “world-scale” facility just yet, it ends months of speculation about where Shell would locate the facility and the competition among the three states in the running (see Shale Daily, Dec. 5, 2011; Sept. 7, 2011; June 7, 2011).

March 16, 2012

U.S. Crude Output Predicted to Jump 20% by Year’s End

Full-year U.S. crude production, excluding natural gas liquids (NGL), will jump by 20% by the end of this year, a full seven years ahead of Energy Information Administration (EIA) projections, Raymond James & Associates Inc. said Monday.

February 14, 2012

GAO: Most Contaminants in Produced Water Occur Naturally

An estimated 56 million barrels of water are produced as a result of onshore oil and natural gas development everyday, and while the quality is poor, most of the contaminants occur naturally, according to a Government Accountability Office (GAO) report. Only some of the contaminants are added through drilling, hydraulic fracturing (fracking) and pumping oil and gas.

February 13, 2012

GAO: Most Produced Water Contaminants Occur Naturally

An estimated 56 million barrels of water are produced as a result of onshore oil and natural gas development every day, and while the quality is poor, most of the contaminants occur naturally in the produced water, according to a Government Accountability Office (GAO) report.

February 13, 2012