Kinder Morgan Builds Transport Business With $962M Acquisition

Billing it as a strategic move that will better position it to meet rising demand for the transport of refined petroleum products, Kinder Morgan Energy Partners LP (KMP) has struck a deal to acquire two maritime shipping companies for $962 million in cash.

December 24, 2013

Small-Scale Ohio GTL Project Planned to Tap Marcellus, Utica

Pinto Energy LLC is developing a small-scale gas-to-liquids (GTL) facility in Ashtabula, OH, to take advantage of low-cost natural gas from the Marcellus and Utica shales. Pinto Chairman Guy Dove toldNGI’s Shale Dailythe facility could be the first of its kind in the country and advancements in GTL technology are making it possible.

September 24, 2013

Oklahoma Firm Eyes Dry Shale Gas-to-Diesel Plants

A Tulsa, OK-based synfuel technology company has entered a memorandum of understanding (MOU) with an unnamed shale gas exploration and production (E&P) company to study the feasibility of a plant for turning natural gas into diesel.

July 17, 2013
Energy Patch Drives Nation-Leading GDP Growth in North Dakota

Energy Patch Drives Nation-Leading GDP Growth in North Dakota

Oil and gas patch output is typically measured in barrels or cubic feet, but gross domestic product (GDP) is another yardstick by which to chart growth, and that’s particularly true in North Dakota, home to the Bakken Shale, the U.S. Energy Information Administration (EIA) said Friday.

July 15, 2013

Crosstex Expands Land, Sea Oil/Condensate Capacity

Crosstex Energy LP has completed two projects aimed at getting shale oil and condensate to higher paying markets.

June 28, 2013
Analyst Says Ohio Figures Misleading, Predicts Surge in Gas, NGLs

Analyst Says Ohio Figures Misleading, Predicts Surge in Gas, NGLs

Although investors were disappointed by the Utica Shale production figures released last week by the Ohio Department of Natural Resources (ODNR), a surge in production should be at hand in the play as infrastructure comes online, according to an analysis from RBN Energy LLC.

May 24, 2013

NatGas-Weighted Company Shares Rise on DOE Export Approval

The stock market price of natural gas-weighted companies spiked from late Friday through Tuesday as prospects for a more profitable product heightened when the U.S. Department of Energy (DOE) broke the log-jam and announced it was conferring a worldwide liquefied natural gas (LNG) export license on a second project (see Daily GPI, May 20).

May 22, 2013

Industry Brief

Construction is under way on Intercontinental Terminals Co. LLC’s (ITC) new bulk liquids terminal on the Houston Ship Channel, which will provide storage and handling for petrochemicals and petroleum products as well as petrochemical gases and natural gas liquids (NGL). ITC, a unit of Mitsui & Co. (U.S.A.) Inc., has been operating on the channel since 1972 and owns and operates a 12.8 million bbl liquid bulk terminal facility in Deer Park, TX. The greenfield terminal is in Pasadena, TX, on the south side of the channel. Start up of operations is expected during the second quarter of 2015 with 10 tanks of 100,000 bbl each. The terminal will have two deep-water ship docks and four barge docks capable of handling large oceangoing tankers as well as inland barges. Multiple product pipelines are adjacent to or near the new terminal, which will also have rail and truck facilities.

April 1, 2013

House Testimony: Shales, Technology Made U.S. ‘Energy Rich’

The country is in the midst of an “unconventional revolution in oil and gas” whose implications reach well beyond the energy industry, IHS Vice Chairman Daniel Yergin, tells the U.S. House Subcommittee on Energy and Power in pre-filed testimony to be given Tuesday.

February 5, 2013

Gasfrac Efforts Stall in Waterless Frack Market

Gasfrac Energy Services Inc., which has been attempting to muscle into the hydraulic fracturing (fracking) market with its waterless technology, hit some roadblocks in 2Q2012, in part because the pressure pumping market is bursting at the seams, company officials said Thursday.

August 13, 2012
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