Extraction

The Canadian economic casualty count from low oil and natural gas prices is on the rise, with continued deterioration expected, industry experts are reporting, even as government data paints a rosier picture.

If oil prices stay at $50/bbl or lower for five months or longer, North Dakota’s revenue stream from the oil patch could be cut by as much as $100 million per month, state energy and tax officials said Wednesday.

Calgary-based Aux Sable Liquid Products LP plans to spend $130 million to increase processing capabilities at its facilities in Channahon, IL.

At a Capitol Hill hearing Tuesday, Sen. Lisa Murkowski (R-AK) expressed support for approving a transboundary agreement between the United States and Mexico that would govern the development of oil and natural gas resources along the two countries’ maritime boundary in the Gulf of Mexico (GOM).

While earlier research in Texas’ Barnett Shale linked drilling waste injection into underground storage wells with increased seismic activity, new work in the Eagle Ford by the same geologist suggests that drawing liquids out of the ground can induce earthquakes there.

In what is considered a symbolic gesture, Rochester, NY’s city council voted unanimously on Tuesday to extend by one year a moratorium on natural gas exploration and extraction activities, and in particular, hydraulic fracturing (fracking).

Colorado stakeholders in an ongoing voluntary water testing program related to oil and natural gas extraction activity support a statewide mandatory program, they said earlier this month, two days after the state government held its first public hearing on a proposed baseline groundwater monitoring program.

The government of Poland plans to issue draft rules covering shale gas extraction within a week, the next step to help the country take advantage of what may be vast quantities of natural gas, authorities said Tuesday.

The Pennsylvania Department of Environmental Protection (DEP) has finalized its technical guidance for single source air quality permitting for exploration, extraction and production activities from oil and natural gas operations.