North Dakota Oil Production Could Hit 1.6M b/d by 2017

North Dakota Oil Production Could Hit 1.6M b/d by 2017

North Dakota’s robust oil production is racing toward the 900,000 b/d level and could hit 1.6 million b/d by 2017, but with that growth the state will face stiffer challenges in terms of the growth of infrastructure.

October 1, 2013

Senators Delve Into Speculators’ Control of Commodity Assets

Members of a panel testifying at a hearing of a Senate Banking, Housing and Urban Affairs subcommittee last week warned that allowing global conglomerates to own multiple pieces of the production and marketing chain for any commodity, including oil and natural gas, while simultaneously also speculating on the price of those commodities, opens the door to potential manipulation of prices.

July 29, 2013

Midland, TX, Office Tower to Sprout from Fertile Permian Basin

The skyline of Midland, TX (pop. 114,000) has a long way to go before it can rival those of Houston or Dallas, but the rebirth of the Permian Basin has sparked plans to develop what would be the sixth-tallest building in the Lone Star State.

July 17, 2013

Big Oil to Eclipse Independents in North American Spending

North American onshore spending in 2013 is forecast to be dominated by Big Oil, international oil companies (IOC) and national oil companies (NOC), according to the latest annual review by Barclays Capital.

December 10, 2012

Valerus, Brilex Team to Serve Marcellus, Utica Equipment Needs

Looking to support local oil and natural gas development operations in the Marcellus and Utica shale plays, Valerus and Brilex Industries have established a partnership to manufacture oil and gas production equipment in Youngstown, OH, for building surface facilities operating in the shales.

November 20, 2012

IHS Report: Shale Creating Jobs Across Lower 48

Unconventional natural gas activity supported more than one million jobs in 2010, a number that is likely to grow to nearly 1.5 million by 2015. The industry is expected to generate significant job creation, economic growth and tax revenues nationwide — in producing and non-producing states alike — according to a new report from IHS Global Insight.

June 14, 2012

Ohio Gas/Oil Shale to Add 65,000 Jobs, $4.9 Billion, Academic Study Says

Natural gas and oil drilling in Ohio could create 65,000 jobs and add nearly $5 billion to state coffers by 2014, according to an academic study.

February 29, 2012

Pennsylvania Considering Mandatory Shale Training

A proposal in the Pennsylvania General Assembly would establish a mandatory training and certification program for any worker on an unconventional well site in the state.

October 17, 2011

Producer Groups Launch Marcellus-Focused Keystone Energy Forum

The Keystone Energy Forum (KEF), an alliance of the American Petroleum Institute (API) and the Pennsylvania Independent Oil and Gas Association (PIOGA), was rolled out recently to disseminate “factual” information about Marcellus Shale drilling activities in Pennsylvania.

February 3, 2011

LDCs See Above-Average Increase in Late Payments

A combination of rising natural gas prices, the stumbling residential housing market and general economic weakness has led to above-average increases in past-due payments at many local distribution companies (LDC), particularly in the eastern United States, according to Moody’s Investors Service.

August 8, 2008
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