Fastest

Inergy Midstream LP announced Monday that it plans to purchase Rangeland Energy LLC — which owns and operates the Colt crude oil rail terminal, storage and pipeline facilities near Epping, ND, in the Bakken and Three Forks shale — in a cash and stock deal valued at $425 million.

Hydrocarbon resources — oil, natural gas and coal — in North America are more than four times the resources existing in the Middle East, and the United States is now the fastest-growing producer of oil and natural gas in the world, according to a new report from the Manhattan Institute for Policy Research.

The expanded use of horizontal drilling and the advent of hydraulic fracturing helped Pennsylvania more than quadruple its natural gas production between 2009 and 2011, according to the U.S. Energy Information Administration (EIA).

Growing gas supply in the Marcellus Shale and projected growth in gas-fired power generation among southern states could mean a renaissance for the traditional Gulf of Mexico-to-Northeast pipeline business. Spectra Energy Corp. would seem to think so, as its latest project, called Renaissance Gas Transmission, would carry Marcellus gas south to Georgia, Alabama and Tennessee.

Inergy Midstream LP, UGI Energy Services Inc. and Capitol Energy Ventures Corp., a unit of WGL Holdings Inc., plan to develop the Commonwealth Pipeline to carry Marcellus Shale production to market.

A Pennsylvania joint venture is set to start work on two midstream assets that could ease a bottleneck in one of the fastest growing counties in the Marcellus Shale.

The market for products and services to support companies plying shale gas basins in the United States will grow to about $50 billion annually in 2015 as development continues in the Marcellus, Haynesville, Fayetteville and other shale plays, according to a recent study.

Natural gas is going to be the “fastest growing fuel source, and it will overtake coal as the second biggest fuel source” after oil, an ExxonMobil Corp. executive said Wednesday.

More Canadian natural gas will stay available for export longer than previously expected as expansion by the nation’s formerly fastest-growing industrial consumer, Alberta’s oilsands, slows.