California Gives $5.6M for Clean Transportation

As part of its ongoing $100 million annual clean transportation program, California energy officials approved another $5.58 million in grants Wednesday to multiple projects, and separately a regional air pollution control board added $3.8 million for hydraulic hybrid gas-powered and other heavy duty fleet vehicles operating in the air quality region.

March 22, 2013

MDU to Quench North Dakota Diesel Thirst

As part of its proposed joint venture diesel refinery slated to process 20,000 b/d of Bakken crude oil by next year, Bismarck, ND-based MDU Resources Group has a strategy aimed at its exploration and production (E&P) and midstream infrastructure businesses sharing in the continuing boom in its home state.

March 21, 2013

MDU Resources Ties Growth to Bakken Boom

Bismarck, ND-based MDU Resources Group is aligning its utility, construction, midstream infrastructure and exploration/production (E&P) businesses so each one profits and grows with the continuing hydrocarbon boom in the Bakken, the MDU senior executives emphasized in a half-day financial analysts meeting Thursday in New York City.

March 18, 2013

Vanguard Is Oil/Gas ‘Agnostic,’ Focused on Margin

Unlike many producers today, Vanguard Natural Resources LLC is not necessarily focused on oil and natural gas liquids (NGL)-rich acquisitions. The company has done recent deals for both liquids and dry gas assets, instead focusing on margin and how the properties fit into its structure, CEO Scott Smith said Monday.

March 5, 2013

Range Hits Record for Oil, NGLs Output

Range Resources Corp. said Wednesday its production volumes in 4Q2012 hit a record 844 MMcfe/d, 35% higher year/year, which it attributed in large part to oil and natural gas liquids (NGL) growth in liquids-rich shale plays, presumably the Marcellus Shale and the Mississippian Lime.

January 17, 2013

Spectra Lands Express-Platte Oil Pipelines for $1.49B

Houston-based Spectra Energy Corp. said Tuesday it has secured one of the three major pipeline systems that move western Canadian crude oil to refineries in the Rockies and Midwest, agreeing to purchase the entire ownership interest in the 1,717-mile Express-Platte Pipeline System. The deal is expected to close in the first half of 2013.

December 12, 2012

U.S. Shale Boom Attracts Foreign Chemical, Service Firms

Although many of its nations have so far spurned their own shale development, European chemical and energy service companies are benefiting from the U.S. shale gas development and the resulting low natural gas prices on this side of the Pond, according to an American Chemistry Council (ACC) economist.

December 11, 2012

Enviros Target FERC Order on Transco Marcellus Project

Some of the same environmental groups that have asked FERC to reconsider a May order approving Tennessee Gas Pipelines’ Northeast Upgrade Project have asked the agency to rescind its order approving Transcontinental Gas Pipe Line’s (Transco) Northeast Supply Link project until a full environmental impact statement has been conducted.

December 7, 2012

Most EQT Spending, Drilling in 2013 Will Target Marcellus

EQT Corp. plans to spend $1.5 billion on capital expenditures (capex), drill more than 170 wells and invest $320 million in midstream projects in 2013, according to the company’s operational forecast released Tuesday.

December 6, 2012

Valerus, Brilex Team to Serve Marcellus, Utica Equipment Needs

Looking to support local oil and natural gas development operations in the Marcellus and Utica shale plays, Valerus and Brilex Industries have established a partnership to manufacture oil and gas production equipment in Youngstown, OH, for building surface facilities operating in the shales.

November 20, 2012