While water use for hydraulic fracturing (fracking) in drought-stricken Texas is considered modest when compared to other uses, such as for agriculture, where the water is drawn from is a significant consideration, according to an analysis by the Environmental Defense Fund (EDF).
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Rosetta: Spending, Producing More After Permian Acquisition
Rosetta Resources Inc. has raised its 2013 guidance for spending and production and increased its borrowing base in light of its pending acquisition of Permian Basin assets announced last month.
Industry Brief
As part of a current fiscal year $90 million program, the California Energy Commission (CEC) on Wednesday awarded two more grants totaling nearly $700,000 to help advance alternative fuel and vehicle technology throughout the state. One grant ($278,000) went to a Southern California school district in Upland, CA, to update the district’s compressed natural gas (CNG) fueling facility to expand its fleet of CNG-powered buses. A second award ($400,000) went to Greenkraft Inc., an automotive manufacturer in Anaheim, CA, to use as buy-down incentives on the purchase of 40 medium-duty propane trucks. These incentives help pay the difference between alternative fuel vehicles and conventional ones. They are available only for new natural gas- and propane-powered vehicles that meet all of the emissions requirements of the California Air Resources Board. The CEC administers the state’s “Alternative and Renewable Fuel and Vehicle Technology Program,” created by the state legislature in AB 118 a few years ago.
CSU Forecasters Expect More Tropical Storm Activity This Year
Forecasters at Colorado State University (CSU) expect the 2013 Atlantic hurricane season, which officially begins June 1, will have more activity than the median 1981-2010 season, with an estimated 18 named storms, including nine hurricanes, four of them major (Category 3 or higher) — significantly higher numbers than CSU predicted prior to the 2012 hurricane season (see Daily GPI, April 16, 2012).
Canada Launches Asia Trade Mission Hoping to Lure Oil, NGL Buyers
Canada Minister of International Trade Ed Fast said his country is an “energy superpower” that “must” export more oil and natural gas to Asian markets in announcing plans for a trade mission to China and Japan in hopes of increasing exports.
Ohio Producers Report More Wells Permitted, Completed
The Ohio Oil and Gas Association (OOGA) reported at its annual winter meeting that in 2012 more wells were permitted and completed, and the state saw a substantial increase in the amount of footage drilled.
Canada Looking to Export Oil, LNG to Asia
Canada Minister of International Trade Ed Fast said his country is an “energy superpower” that “must” export more oil and natural gas to Asian markets in announcing plans for a trade mission to China and Japan in hopes of increasing exports.
Pemex to Pay $350M for New Offshore Rigs
Mexico’s Petroleos Mexicanos’ (Pemex) exploration and production (E&P) unit has awarded contracts with a total value of more than $350 million to Empeiria Acquisition Corp. and subsidiary Integrated Drilling Equipment Co. Holdings (IDE) to build four 3000HP AC modular platform rigs, Houston-based Empeiria said Monday.
Marcellus Led 2012 Pipe Buildout
More than half of the natural gas pipeline projects that entered service were in the Northeast during 2012, a year in which overall U.S. capacity investment slowed.
New Sulfur Issue Confronts Gas Gathering in Bakken
In the rush to get more gathering and processing infrastructure in place to handle currently flared Bakken Shale associated gas, some hurdles are being met by wells with heavy concentrations of sour gas, or high hydrogen sulfide (H2S) levels, according to North Dakota energy officials.