The only thing holding back the country’s tremendous opportunity in shale gas is permitting — for petrochemical facilities, liquefied natural gas (LNG) export projects and drilling in some states — according to ExxonMobil Chemical’s President Stephen D. Pryor.
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ExxonMobil’s XTO Facing Criminal Charges in Pennsylvania
Criminal charges have been filed by the Pennsylvania attorney general against ExxonMobil Corp.’s XTO Energy Inc. for violating environmental laws in 2010, when more than 50,000 gallons of Marcellus Shale drilling wastewater were spilled.
Independents Proving Size Doesn’t Matter
Big Oil’s attempt to take over the North American onshore from U.S. independents so far hasn’t paid off as some would have imagined just a few years ago, with the majors still struggling to capture the kind of profits and production results they may have been anticipating.
Heavy Metals Found in Barnett Area Water, But Source Unknown
A study of Barnett Shale region water wells has found elevated levels of heavy metals near natural gas extraction sites, but a link to drilling/production activity has not been determined and may not be, researchers from the University of Texas at Arlington (UTA) said.
XTO Fined in Pennsylvania Clean Water Act Settlement
ExxonMobil Corp. subsidiary XTO Energy Inc. will pay a $100,000 penalty and spend an estimated $20 million on a plan to improve wastewater management practices following a settlement with federal authorities to resolve an alleged violation of the Clean Water Act related to the discharge of hydraulic fracturing wastewater at a Lycoming County, PA, facility.
Summertime in Alaska Means LNG Project Field Work
Summer field work is under way for the effort by producers ExxonMobil Corp., BP plc and ConocoPhillips, and pipeliner TransCanada Corp. to build a liquefied natural gas liquefaction and export facility in southern Alaska.
Supermajors Bankrolling Most North American E&P Spending
ExxonMobil Corp., Chevron Corp., BP plc and super independent ConocoPhillips are expected to lead all other exploration and production (E&P) spenders in the United States this year, with capital expenditures (capex) on average about 5% higher than in 2012, according to a survey by Barclays Capital. Last year’s No. 2 spender, Chesapeake Energy Corp., dropped to No. 5 after cutting its exploration plans.
Questar Holds Open Season to Expand Uinta Takeaway Capacity
Responding to the increase in natural gas production out of the Uinta Basin, Questar Pipeline Co. will be holding a binding open season to solicit support for an expansion of takeaway capacity by extending its Jurisdictional Lateral 138 (JL138) to the Myton Yard in Myton, UT.
Industry Briefs
Mexico state-owned oil monopoly Petroleos Mexicanos (Pemex) has signed a five-year agreement with ExxonMobil Corp. to share technical and scientific information. The agreement renews a previous collaboration agreement between the two companies, said officials. Mexico President Enrique Pena Nieto, who took office in December, recently told reporters that Pemex wouldn’t be sold or privatized, but it would be modernized. Pemex, Mexico’s largest company, provides nearly all of its profits to the federal government. Natural gas production in Mexico has risen slightly from a year ago, but it has fallen over the past four years, according to Pemex. In February, gas output was 6.475 Bcf/d, compared with 6.430 Bcf/d a year ago. However, 2012 gas output averaged an estimated 6.385 Bcf/d, versus 6.594 Bcf/d in 2011 and 7.020 Bcf/d in 2010. Mexico also is a net crude oil exporter, but production fell to less than 3 million bbl in 2011 from almost 4 million bbl in 2003-2004.
TransCanada Pipeline Project Targets Montney Gas
Five years from now, Montney Shale gas could have a pathway to the British Columbia (BC) west coast and potentially lucrative Asian gas markets via a C$5 billion pipeline project announced by TransCanada Corp. on Wednesday.