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North Dakota Production Sets Daily Records; Rail, New Connects Soar

Coming out of its coldest April and wettest May ever recorded, North Dakota’s latest oil and natural gas statistics show the amounts of oil transported by rail shot up to 75% in April while new wells connected set a record at 185. Overall, April oil/gas production was down compared to March, but the daily averages set all-time records on a preliminary basis (793,249 b/d and 846 MMcf/d).

June 17, 2013

SRBC Limits Scope of Multi-Year Study to Water Quantity

Officials with the Susquehanna River Basin Commission (SRBC) announced Wednesday that the agency had started a multi-year effort to study water quantity, but rebuffed calls for it to be expanded to a comprehensive environmental study that could include the impacts of hydraulic fracturing (fracking) in the basin.

May 10, 2013

Reducing the ‘Drag’ Delivers Oil, Gas Faster, Says PwC

Master integrated planning in the shale natural gas and liquids markets reduces working capital and makes the end-to-end process more consistent and predictable, according to an analysis by PwC.

April 1, 2013

‘Trifurcation’ Emerging for Natural Gas, Oil, Liquids

Oil and natural gas prices are facing a “third variable” on plentiful natural gas liquids (NGL), which appears to be creating the next domestic supply glut, a KeyBanc Capital Markets (KBCM) analyst said Wednesday.

February 1, 2013

Canada Should Open Door to Foreign Investment in LNG, Says PFC

A consulting firm’s global market review makes a case for a Canadian open door policy, allowing foreign firms to have an equity share in developing Canadian liquefied natural gas (LNG) export projects and the resources that supply them.

January 22, 2013

Canada Should Open Door to Foreign LNG Investment, Says PFC

A consulting firm’s global market review makes a case for a Canadian open door policy, allowing foreign firms to have an equity share in developing Canadian liquefied natural gas (LNG) export projects and the resources that supply them.

January 21, 2013

U.S. Frack Regs ‘Evolving’ But on ‘Right Track,’ Says Survey

U.S. shale plays are on the right track, regulation-wise, even regarding hydraulic fracturing (fracking), according to oil and natural gas professionals surveyed recently by Deloitte LLP.

November 14, 2012
North Dakota Production Soars; Oil Prices Climb

North Dakota Production Soars; Oil Prices Climb

North Dakota again set new all-time highs for oil and natural gas production, drilling permits issued and producing wells in August, according to the latest report from state Department of Mineral Resources (DMR) Director Lynn Helms. The average price for sweet crude was up, too.

October 31, 2012

Industry Briefs

Although it recently dropped out of a Western Canada gas-to-liquids (GTL) project with Sasol Canada (see Shale Daily, June 29), Talisman Energy Inc. still foresees monetizing its Montney Shale reserves through “some form of conversion process,” CEO John Manzoni told financial analysts during an earnings conference call. Manzoni said the Montney resource is “big enough, it’s strategic enough, it’s material enough to be in some form of conversion process, which naturally now is more likely to be LNG [liquefied natural gas] then GTL, if that’s the case.” Multiple projects have been proposed to liquefy western Canadian gas and ship it to overseas markets (see Shale Daily, July 31). Manzoni alluded to the LNG projects and said, “…in the context of all of that, we are considering all options and continue to do so…for our Montney resource, how best to create the maximum value for Talisman at the right time for our Montney resource, which is very big and very strategic.”

August 7, 2012

API Campaign Touts Oil, Gas Job Creation

The American Petroleum Institute (API) has launched a campaign to spread the news about jobs and other contributions the oil and gas industry makes to communities nationwide.

July 26, 2012
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