BC Shales, Export Potential Forecast to Lift Canada Gas Market

Canada’s natural gas industry will see a difficult market over the next several years, marked by lower prices, falling production and a decline in exports to the United States, but unconventionals will turn around the economy once new export terminals are completed in British Columbia (BC), the Conference Board of Canada said Monday.

December 18, 2012

Gibson, Omni Merger Expands Onshore Environmental Services

Calgary’s Gibson Energy Inc. is beefing up its U.S. onshore services with a US$445 million agreement to buy privately held Omni Energy Services Corp., based in Louisiana.

October 15, 2012

Shale Industry Ripe for Consolidation, Study Concludes

Trends that surfaced last year indicate “a continued preference for crude oil and liquids-rich gas development over dry gas options,” and are likely to reduce — and possibly reverse — recent domestic dry gas production growth rates, according to a new report from Pace Global.

August 6, 2012

EOG Completes ’16 Monster Wells’ in Eagle Ford During 2Q2012

EOG Resources’ strategy of the last year to edge away from natural gas exploration and production in order to focus on the more economically viable production of crude oil appears to be paying off as the Houston-based producer posted a 38% increase in second quarter earnings over the previous year’s quarter. The company attributed much of its strong earnings to successful programs on acreage in the South Texas Eagle Ford Shale and North Dakota Bakken Shale.

August 6, 2012

TransCanada Ready to Start Gulf Coast Oil Pipeline

TransCanada Corp. received the last of three key permits needed for its 485-mile Gulf Coast Project, an oil pipeline from Cushing, OK, to Nederland, TX, that would help alleviate constraints at Cushing where oil from the burgeoning Bakken Shale has been piling.

July 30, 2012

Bakken Shale Did Heavy Lifting Last Year

If U.S. shale plays were students in a classroom, the one blowing the curve on the oil production test would be named Bakken.

June 20, 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

Ohio Voters Wishy-Washy on Shale

Ohio voters believe the benefits of shale gas development outweigh the risks, but they also believe the state should put the breaks on development, according to a new poll.

January 20, 2012

Ohio State Professor: Shale Will Create 20K Jobs, Not 200K

A report by an economics professor at Ohio State University says shale gas development in eastern Ohio will generate jobs, but only a fraction of the total projected by the industry.

December 20, 2011