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North American Oil Supply Growth Reveals ‘Infrastructure Mismatches’

North America’s burgeoning unconventional oil supplies have created “considerable investment needs” because pipelines are in the “wrong place carrying crude in the wrong direction and/or transporting the wrong products,” according to a review by Ernst & Young LLP.

July 31, 2012

Shale Making Gas ‘Opportunity of a Lifetime’ in British Columbia

British Columbia (BC) Premier Christy Clark trekked north to see new gas processing and pipeline facilities start work in the resource-rich region where Canada’s western-most province meets the Yukon and Northwest Territories.

July 31, 2012

EPA Fines Talisman $62K for Chemical Disclosure Violations

The U.S. Environmental Protection Agency (EPA) said Wednesday a subsidiary of Talisman Energy Inc. will pay more than $62,000 in fines to settle charges that the company violated hazardous chemical reporting requirements for the past three years at 52 natural gas drilling sites in Pennsylvania.

July 30, 2012

North Dakota OKs Ethane Pipeline to Alberta

It will add to the hydrocarbon-rich state’s mitigation of flared associated natural gas supplies in the Bakken Shale play.

June 25, 2012

Encana Lifts Capex for Liquids Transition

Encana Corp. is placing a $600 million bet this year that a transition to more oil and liquids-rich production will help sustain the company until natural gas prices strengthen, CEO Randy Eresman said Thursday.

June 22, 2012

S&P Expects NGL Price Weakness to Linger

Revenues from natural gas liquids (NGL) — particularly those from liquids-rich shale plays — have been like a mega vitamin for anemic dry gas economics, but it’s not the fourth quarter of 2011 anymore, and currently depressed NGL prices are expected to stick around for a while.

June 12, 2012

EIA: Pennsylvania Drilling Map Redrawn by Marcellus Shale

The expanded use of horizontal drilling and the advent of hydraulic fracturing helped Pennsylvania more than quadruple its natural gas production between 2009 and 2011, according to the U.S. Energy Information Administration (EIA).

May 25, 2012

SEC Tells Chesapeake, CEO to ‘Retain Certain Documents’

Chesapeake Energy Corp. and CEO Aubrey K. McClendon were notified by the Securities and Exchange Commission (SEC) that the Fort Worth, TX, regional office has launched an informal inquiry and “requested that the company and Mr. McClendon retain certain documents,” the company said after the stock market closed on Thursday.

May 4, 2012

Energy Transfer Looks to Liquids with Sunoco Buy

Producers have eschewed dry gas in favor of more lucrative oil and liquids-rich production, and midstream operators are following them. Energy Transfer Partners LP (ETP) is buying Sunoco Inc. for $5.3 billion in a deal intended give it oil and liquids business and a presence in the Marcellus Shale.

May 1, 2012

Illinois Looks at Fracking, Possible Shale Development

Shale talk and action are both picking up in Illinois as oil/gas exploration and production (E&P) companies and state officials are getting more involved in the fields and in the state capital in Springfield. As the energy companies seek more leases from farmers, the lawmakers have a proposed state law (SB 3280) covering hydraulic fracturing (fracking).

April 12, 2012
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