Cheap natural gas, courtesy of shale plays, is bringing industry back to the United States, growing economies along the Gulf Coast, in the Northeast and elsewhere. But it has also made holding gas transportation capacity a more dicey prospect for end-users, and there is a risk that some of the energy industry’s risk management muscle could atrophy while on a diet of low prices and low volatility.
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West Virginia Cracker Could Face Federal Air Quality Issues
Current and former officials in the West Virginia Department of Environmental Protection (DEP) warn that companies hoping to build an ethane cracker in the state could have difficulty getting the necessary permits if they choose to build in areas that don’t meet federal air quality standards.
Economics Replace Supply Concerns for Marcellus Ethane
Can Appalachia support all of the ethane projects proposed for the region? Potentially, but economics could play a much more decisive factor than supply over the coming decade, experts said last week at the Hart Energy Marcellus Midstream Conference and Exhibition in Pittsburgh.
Economics Replacing Supply Concerns for Ethane
Will ethane production from shale plays in Appalachia support all of the ethane projects proposed for the region?
Aussie Firm Bullish on Utah Shale Gas Prospects
Perth, Western Australia-based Golden State Resources has received further verification it could be holding a significant shale gas play in the Golden Eagle field in Grand County in southeast Utah. The economics look good, according to a recent petroleum engineering consultant’s study.
Murkowski: Is DOE Looking for Fracking ‘Smoking Gun?’
The intent of continued research by the Department of Energy (DOE) into hydraulic fracturing (fracking) is “can we help drive the technology development forward,” Energy Secretary Steven Chu told a Senate committee Thursday.
BLM Reduces Piceance Acreage Available for Oil Shale, Tar Sands
The Interior Department’s Bureau of Land Management (BLM) Friday issued a draft proposal, cutting in half the public lands that could be made available in three western states, and limiting activities to early research and development projects for oil shale and tar sands resources.
CenterPoint Growing Mississippi Lime Midstream
CenterPoint Energy Field Services LLC (CEFS) has begun assessing routing for a proposed gas gathering and processing system in the Mississippi Lime of north-central Oklahoma and south-central Kansas.
North America Onshore Rig Count Flat in 2012, Says Schlumberger
North America’s land rig count is expected to be flat this year, with natural gas-directed drilling on the decline while liquids and oil drilling will strengthen, Schlumberger Ltd.’s CEO said Friday.
Marubeni Adds Eagle Ford Stake to Shale Portfolio
A unit of Japan’s Marubeni Corp. has struck a deal to acquire a 35% stake in Dallas-based Hunt Oil Co.’s Eagle Ford Shale holdings. Marubeni pledged Friday to grow its stake in shales, in the United States and around the world.