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Oxy is California Dreamin’ About Monterey Shale

California’s Occidental Petroleum Corp. (Oxy) is eyeing 7 billion bbl of reserves from the Monterey Shale and other projects in the state, the management team said Tuesday.

August 2, 2013

New York Bankruptcy Court OKs Norse Lease Sale; CFO Leaving

A bankruptcy court in New York has approved plans by Norse Energy Corp. USA to sell its assets, especially oil and gas leases for about 130,000 net acres in the state’s portion of the Marcellus and Utica shales.

July 31, 2013
Marcellus/Utica De-Bottlenecking on the Horizon, Barclays Says

Marcellus/Utica De-Bottlenecking on the Horizon, Barclays Says

The opening of the Mariner West I ethane pipeline and new processing plants should provide some relief to current wet gas constraints in the Marcellus and Utica shales, and the plays should be largely de-bottlenecked by the end of next year, according to analysts at Barclays.

July 29, 2013

Ryder Revs Up Marketing Push in Oil/Gas Fields

Ryder Systems Inc., a transportation, logistics and supply chain management company that has made a large commitment to natural gas and other alternative transportation technologies, has an initiative to penetrate U.S. shale plays, CEO Robert Sanchez said during a second quarter earnings conference call.

July 29, 2013

Study Says Quakes Abroad Could Hit U.S. Injection Wells

Researchers at Columbia University said earthquakes that occur on the other side of the world could create smaller temblors near wastewater injection sites in the United States.

July 15, 2013

Study Says Earthquakes Abroad Could Affect U.S. Injection Wells

Researchers at Columbia University said earthquakes that occur on the other side of the world could create smaller temblors near wastewater injection sites in the United States.

July 15, 2013

Ohio NatGas Power Plant Planned; Two Pennsylvania Coal Plants Closing

Advanced Power North America, a subsidiary of Switzerland’s Advanced Power AG, said it plans to build a 700 MW power plant fueled by natural gas in Carroll County, OH, an $800 million project in the heart of the Utica Shale.

July 12, 2013

OPEC Feeling the Weight of U.S. Shales

Prolific oil production from U.S. shales is weighing on the need for imports, OPEC acknowledged in its latest Monthly Oil Market Report (MOMR), and analysts at Barclays predicted that the Organization of the Petroleum Exporting Countries will see its influence over market balances decline over the next few years.

July 12, 2013

Industry Brief

New York’s Con Edison said it will spend about $100 million on new natural gas mains, regulators and other upgrades to its system in several neighborhoods in Manhattan and the Bronx, enabling more customers to convert from heating oil. “Our customers are discovering the economic and environmental benefits of switching from heavy fuel oils to natural gas, and we want to do everything we can to make the conversion process easy for them,” said Nick Inga, director of the utility’s gas conversion group. A New York City environmental regulation phases out the use of No. 6 fuel oil by 2015 and No. 4 fuel oil by 2030. The regulation requires building owners to switch to another heating source, such as natural gas. Although the regulation does not require the phasing out of No. 2 fuel oil, hundreds of No. 2 oil-heated buildings have switched as well to natural gas due to economic benefits, Con Edison said.

June 25, 2013
The Fayetteville Shale is Dry, But It’s Hardly Dried Up

The Fayetteville Shale is Dry, But It’s Hardly Dried Up

“We have thousands and thousands of well locations,” he said at the UBS Global Oil and Gas Conference. “We’ll be drilling at this pace for many years to come, assuming the [Nymex] strip pricing that we have today. We do plan to drill close to 400 wells this year and that certainly, of all of our operations, can flex more than any others as we need to respond to gas prices, one way or the other [see Shale Daily, May 24].”

June 21, 2013
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