In the coming days, Sunoco Logistics Partners LP plans to launch an open season for its planned Eaglebine Express crude pipeline project to convert a portion of the MagTex refined products pipeline to crude service and reverse the flow to carry crude from Hearne, TX, to the company’s terminal in Nederland, TX.
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With a Nov. 29 deadline quickly approaching, the New York State Department of Health (DOH) has reportedly hired experts from three universities to conduct a health impact analysis of high-volume hydraulic fracturing (HVHF) in the state.
Statoil plans to boost its North American production from less than 100,000 boe/d in 2011 to more than 500,000 boe/d in 2020. In the Bakken and Three Forks shale plays of North Dakota, the company said it will get its oil to market through greatly expanded use of rail transport beginning in September.
After a second quarter of strong production growth in the Bakken Shale and Anadarko Woodford, Oklahoma City-based Continental Resources Inc. said it is ahead of schedule on its five-year plan to triple production.
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.
Global oil production capacity increases, especially from unconventional U.S. oil, are accelerating so quickly that output could jump almost 20% by 2020, which could dramatically reduce and possibly collapse oil prices, according to an analysis by a Harvard Kennedy School researcher and former oil industry executive.
Despite the fact that some producers are increasing their dry natural gas shut-ins and retooling their operations to go after liquids, the industry is still facing a supply glut problem, which could be exacerbated later this summer as storage room becomes scarce. As a result, cash prices could easily slip back below $2, according to Evergreen, CO-based Bentek Energy.
The cause of an apparent “well control incident” at a Chesapeake Energy Corp. natural gas drilling site in Wyoming was under investigation Wednesday, and the producer was preparing resources and equipment to get it under control. No injuries were reported.
Two separate decisions in the U.S. District Court for the Northern District of New York came down mostly on the side of shale play giant Chesapeake Energy Corp. in a year-old dispute over the extension of leases from landowners at below-market prices. Landowners in parts of four counties in New York state’s portion of the Marcellus Shale filed lawsuits against the Oklahoma-based shale operator.
Foreign buyers up to now have been gaining intelligence about drilling in North America’s prolific unconventional formations through joint ventures (JV) and region-specific acquisitions with willing U.S. natural gas and producers, but that’s about to change, according to an energy expert with industry consultant PwC US.