Almost every week projects to build or expand natural gas pipelines and natural gas liquids (NGL) midstream infrastructure is unveiled, and most of the news has one thing in common: the Marcellus Shale, something that’s not likely to change anytime soon, according to industry executives.
Articles from Most
SandRidge Energy Inc.’s revamped board of directors is making good on its promise to review the company’s strategy and costs — including a potential decrease in rig count — and allegations made against embattled CEO Tom Ward by hedge fund TPG-Axon Capital.
Prices for Monday gas rose a nickel on average and market strength was most apparent at Midwest points as temperatures were forecast to plunge over the long weekend. Midwest strength was largely countered by weakness in the Gulf Coast and Rockies.
The U.S. oil rig count will continue to “drift slowly lower” in 2013 and 2014 in part because of technology and in part to balance the market, according to an updated analysis by Raymond James & Associates Inc.
A report developed by the Eagle Ford Shale Task Force released Tuesday outlines the history and facts of the booming South Texas oil and gas play in 155 pages. The report addresses topics such as workforce development, infrastructure (pipelines, roads and housing), regulations, water quality, economic benefits, flaring and air emissions, as well as issues affecting landowners, mineral owners and royalty owners. The task force was formed by Railroad Commission of Texas Commissioner David Porter in 2011 (see Shale Daily, July 29, 2011). “In 2011, the Eagle Ford Shale supported almost 50,000 full-time jobs in 20 counties and contributed over $25 billion dollars to the South Texas economy,” the report said. “From 2011 to 2013, daily hydrocarbon liquid production, including natural gas liquids, increased from 100,000 to 700,000 b/d. These developments have made South Texas one of the most prominent energy-producing regions in the United States.”
The South Texas Energy and Economic Roundtable (Steer), which is claimed to be “the most comprehensive Eagle Ford Shale resource in the region,” has opened its offices in San Antonio, TX.