The Department of Energy’s (DOE) Energy Information Administration (EIA) Monday cut its estimate of the U.S. shale gas resource base almost in half, based on a dramatic drop in Marcellus Shale estimates.
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Articles from Need
Bentek: North America Will Be Soaking in Crude
Crude oil production in the United States and Canada will grow by 3.1 million b/d, or about 38%, over the next five years thanks to technologies and development practices honed in the U.S. shale gas patch, according to a new analysis by Bentek Energy LLC. The United States alone will grow oil production by 2.2 million b/d, most of it light or intermediate grades, the firm said.
Investors Seek More Transparency on Fracking
Two U.S. shareholder groups that together have more than $130 billion in investor assets on Tuesday called for more transparency by natural gas operators that use hydraulic fracturing (fracking).
Transportation Notes
NGPL advised shippers of a potential OFO “for oversupply or undertake activities across its entire system due to the lack of significant market load.” Shippers can mitigate the need for an OFO by ensuring that imbalances are not in a long position and that point operators are flowing as nominated the pipeline added. It said that if it is determined that the OFO is required, “any gas left on the pipeline is at risk of OFO penalties.” See the bulletin board for details.
Industry Brief
The chair of the Railroad Commission of Texas has directed commission staff to look into its existing rules on water recycling in the oil and gas patch. “If we need to streamline our old rules and make amendments where necessary to encourage companies to expand their recycling activities, then that is what we will do,” said Chair Elizabeth Ames Jones. “…[W]e must maintain that hydraulic fracturing can continue to benefit Texas by allowing companies to manage water use and conserve when possible as it relates to this process of energy production.”
Cuadrilla Acknowledges Fracking Caused Tremors at Drill Site in England
Two small earthquakes in northwest England that occurred earlier this year at some natural gas drilling sites likely were caused by hydraulic fracturing (fracking), according to a report issued on Wednesday by UK-based Cuadrilla Resources Ltd.
Bentek: NGL Investment Cycle Today, Crude Oil Tomorrow
Anyone nostalgic for the natural gas infrastructure boom of the latter half of the last decade need only wake up to the natural gas liquids (NGL) infrastructure boom of today — and look forward to what’s to come in response to growing crude oil production — according to an analysis due to be finished in about three weeks.
Pennsylvania Township Could Be Sued Over Proposed Fracking Ban
A Pennsylvania judge said he would try to render a decision by Friday (Oct. 7) over whether a controversial referendum banning hydraulic fracturing (fracking) should be placed on the November ballot in Peters Township.
NGL Investment Cycle Today, Crude Oil Tomorrow, Says Bentek
Anyone nostalgic for the natural gas infrastructure boom of the latter half of the last decade need only wake up to the natural gas liquids (NGL) infrastructure boom of today — and look forward to what’s to come in response to growing crude oil production — according to an analysis to be finished in about three weeks.
WSI: Eastern Cold Arrives Early for Third Straight Year
Following the trend of the last few years, people in the northern and eastern United States might need to don their winter jackets a little earlier than normal if Weather Services International’s (WSI) fall forecast comes to fruition. The Andover, MA-based weather forecaster also said it expects six more named storms to form in the Atlantic Ocean this year.