U.S. hydraulic fracturing (fracking) capacity utilization has fallen by almost one-third since January, and all of the major domestic plays are in a “negative frack pricing environment,” according to PacWest Consulting Partners.
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Chevron Putting U.S. Spending Focus on Deepwater in 2013
Chevron Corp. is directing about $7.5 billion for U.S. upstream projects in 2013, with most of the focus on deepwater Gulf of Mexico (GOM) projects, the producer said.
Pipeliner Plains Buying Crude Rail Terminals
Plains All American Pipeline LP (PAA) is buying three crude oil rail terminals in the Eagle Ford, Bakken and Niobrara producing regions, as well as various contractual arrangements, from U.S. Development Group (USD) for $500 million.
September Lower 48 NatGas Production Up 3.9% from Year Ago
Lower 48 U.S. natural gas production during September increased by 0.6%, or 0.45 Bcf/d, from August and was up by nearly 3.9%, or 2.73 Bcf/d, from a year ago, according to the most recent data from the Energy Information Administration (EIA). September production was 73.05 Bcf/d. The revised figure for August production was 72.6 Bcf/d, and September 2011 production was 70.32 Bcf/d.
Lower 48 Output Inches Higher in September
Lower 48 U.S. natural gas production during September increased by 0.6%, or 0.45 Bcf/d, from August and was up by nearly 3.9%, or 2.73 Bcf/d, from a year ago, according to the most recent data from the Energy Information Administration (EIA).
California Drafts Frack Rules, But New Drilling Tepid
As they continue to pursue rules on hydraulic fracturing (fracking), California oil/gas officials are not seeing the increase in exploratory activity or permitting as other shale basins around the nation have experienced. Drilling activity is down slightly compared to this time last year, a spokesperson for the state Division of Oil, Gas and Geothermal Resources (DOGGR) told NGI’s Shale Daily Wednesday.
North Dakota Output Still Breaking Records
North Dakota continues to set new records for oil and natural gas production, and it has begun working on innovative solutions to deal with the abundance of flared gas.
North Dakota Sets More Production Records
North Dakota continues to set new records for oil and natural gas production, but it also continues to see more flared gas, according to officials.
New York Fracking Foes Suffer Election Day Defeat
Most of the candidates who ran for office in New York on a platform opposed to hydraulic fracturing (fracking) were soundly defeated at the polls on Tuesday, but it was unclear if Republicans would maintain control of the state Senate with two races too close to call.
Eastern Grid Operators to Study Impacts of NatGas Expansion
Two major electricity grid operators, which together coordinate the movement of wholesale electricity in 14 of the nation’s most populated states and the District of Columbia, have agreed to a long-term strategy that includes a call for development of a shared understanding of regional natural gas delivery constraints on power generation.