Chesapeake Energy Corp., which has spent the last decade creating one of the largest natural gas drilling machines in the United States, quickly is becoming an onshore liquids dynamo, CEO Aubrey McClendon told financial analysts Tuesday.
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North American Oil Supply Growth Reveals ‘Infrastructure Mismatches’
North America’s burgeoning unconventional oil supplies have created “considerable investment needs” because pipelines are in the “wrong place carrying crude in the wrong direction and/or transporting the wrong products,” according to a review by Ernst & Young LLP.
Oneok Plans $1B Shale-Focused Midstream Buildout
Oneok Partners LP Thursday said it would spend between $980 million and $1.1 billion by 2014 on a slate of natural gas and natural gas liquids (NGL) midstream projects in Texas, Oklahoma and North Dakota.
Report: Shale Gas ‘Magic Bullet’ For U.S. Petrochemicals
Shale gas is the “magic bullet” the U.S. petrochemical industry needs to make a full recovery from a decade of economic stagnation, according to Houston-based Chemical Market Resources Inc. (CMR), which advises the chemical, petrochemical and plastics industries.
Shale Gas Called ‘Magic Bullet’ For U.S. Petrochemical Industry
Shale gas is the “magic bullet” the U.S. petrochemical industry needs to make a full recovery from a decade of economic stagnation, according to researchers from Chemical Market Resources Inc. (CMR), a Houston firm that advises the chemical, petrochemical and plastics industries.
New Sand Storage Facility Planned to Serve Eagle Ford Fracking
U.S. Silica Holdings Inc. and BNSF Railway Co. are partnering to meet the needs of Eagle Ford Shale producers for sand to be used as proppant in their hydraulic fracturing (fracking) operations.
California Regulators Split on Adding Gas Storage
Following a long discussion by California regulators on Thursday it became clear that there’s no agreement about whether the state needs additional underground natural gas storage or whether it is too risky to site storage in a depleted gas field in a populated area, given the lessons emerging from the San Bruno, CA, pipeline explosion two years ago.
MIT: NGVs Need Level Road to Accelerate
If natural gas is going to take advantage of its low price and other advantages it has over oil in the transportation sector, the playing field for alternative fuel transportation needs to be leveled, and a heavy dose of national legislative and regulatory policymaking can help get that done, according to Massachusetts Institute of Technology’s (MIT) Christopher Knittel, an energy economics professor.
Who Would’ve Thunk it: North Dakota No. 2 Oil Producer
Continuing its basement-to-the-penthouse rise in the energy sector, North Dakota’s latest oil/gas production statistics make the state that had no drilling rigs operating in 1999 now the second biggest oil producer in the nation, trailing only Texas.
North Dakota to Study Power Needs for Shale Gas Production
A study of the electricity needs in the oil/natural gas patch was funded Monday by the North Dakota Industrial Commission for upcoming work to be overseen by the state’s power transmission authority. Separately, the commission also authorized paying for another study of future natural gas growth in the state.