Denver-based Whiting Petroleum Corp. officials said Friday they expected to greatly ramp up production in both the Bakken and Niobrara shale plays later this year as they reported production for the second quarter that was up substantially from the same period in 2012.
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Oneok Inc.’s energy services segment, which markets and contracts to provide natural gas and transportation, has “contributed greatly” to the company’s past, but it’s no longer a good fit with today’s marketplace, CEO John Gibson said in a conference call last week.
Oneok Inc.’s energy services segment, which markets and contracts to provide natural gas and transportation, has “contributed greatly” to the company’s past, but it’s no longer a good fit with today’s marketplace, CEO John Gibson said in a conference call Tuesday.
Pacific Northwest water flows, which can influence summer energy supplies throughout the West, are likely to differ greatly between the northeasterly and southeasterly parts of the four-state and far western Canada region, according to the latest analysis from the Northwest Power and Conservation Council (NPCC). Below-average steam flows can be expected in the Snake River basin and eastern Oregon in the southern part of the Columbia River Basin, but flows are expected to be near or just slightly below normal in the upper Columbia and main Columbia River this spring and summer. “The highest runoff forecast in the basin can be found in the upper Columbia in British Columbia,” NPCC Manager Jim Ruff told the NPCC board. He also concluded that with an only slightly below-normal snowpack as of April 1, it is likely there will be a good summer runoff at near-normal levels in the main Columbia River this spring-summer season. NPCC’s latest analysis follows the Northwest River Forecast Center predicting that river flows for the first seven months this year will be about 89% of normal, and the fact that they are that high is attributable to much higher-than-normal precipitation last fall (see Daily GPI, April 8).
The seemingly unrelenting growth in natural gas use in Asia-Pacific nations could have global implications for gas pricing that heretofore has varied greatly between the East and the West, two Singapore-based energy attorneys said during an energy conference Tuesday.
Even with a multi-billion-dollar natural gas gathering and processing infrastructure buildout ongoing, North Dakota is not likely to greatly reduce the volumes of gas being flared as an offshoot of its accelerated oil boom, according to an analysis released Thursday by RBN Energy LLC.
Pennsylvania regulators and industry stakeholders are pushing ahead with plans to greatly increase the use of natural gas for transportation across the state, but it will take some time before any visible signs of progress emerge, a Marcellus Shale Coalition (MSC) spokesman told NGI Tuesday.
Even with the huge Marcellus Shale, the high cost of natural gas vehicles and a lack of infrastructure to fuel the vehicles may deter growth in the state, according to the Allegheny Conference on Community Development.
Crude oil production in the United States and Canada will grow by 3.1 million b/d, or about 38%, over the next five years thanks to technologies and development practices honed in the U.S. shale gas patch, according to a new analysis by Bentek Energy LLC. The United States alone will grow oil production by 2.2 million b/d, most of it light or intermediate grades, the firm said.