Contrary to a media report, there is no time frame for when a subsidiary of Royal Dutch Shell plc will make a decision over whether to build a proposed “world scale” ethane cracker in western Pennsylvania, state and company officials told NGI’s Shale Daily.
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Despite fierce competition, Gulfport Energy Corp. CEO Jim Palm said his company has managed to acquire additional acreage in the Utica Shale as it looks to determine type curves, well spacing and how long it should wait before bringing new wells into production.
Long-term commercial offtake contracts are secured to build a first-of-its-kind facility in Lake Charles, LA, to manufacture industrial products from petroleum coke (petcoke) using gasification technologies, Leucadia Energy LLC said Monday. The proposed $2.5 billion project is expected to provide up to 1,500 construction jobs beginning next year.
With oil production booming in the Permian Basin of West Texas, projects are being developed to serve producers wanting to get their oil to Houston. But going west on a converted portion of Kinder Morgan’s El Paso Natural Gas (EPNG) system could one day be an option, too.
It’s all about engaging the right kind of public participation and Williams has been working on that, launching a series of open house meetings along the route of its proposed 121-mile Constitution Pipeline from northeastern Pennsylvania into the heart of New York State near Albany.
What would you call a lot of natural gas, ready at a moment’s notice? Some might call it a storage facility. Others might call it the Marcellus Shale.
February natural gas gave up more than half of Friday’s gains Monday as traders cited a lack of cold weather capable of any kind of meaningful change in the storage surplus. At the close February had fallen 5.1 cents to $3.011 and March had skidded 4.8 cents to $3.050. February crude oil shed 25 cents to $101.31/bbl.
With a drilling industry begun in the mid-1800s and modifications to its decades-old oil and gas law in place, Ohio is well prepared for the kind of shale industry growth that has to varying degrees overwhelmed other states, according to Ohio Oil & Gas Association (OOGA) Executive Vice President Tom Stewart.