Living up to preliminary estimates earlier in the year calling for a 50-year high (see Shale Daily, Jan. 25), Colorado oil/natural gas officials released statistics showing oil production was up 22% last year, soaring past the 40 million bbl mark for the first time in a half-century at 47.9 million bbl.
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Enbridge Completes Bakken Pipe Project
Enbridge Bakken Pipeline Co. Inc. has completed and placed in service its 77-mile Bakken Pipeline Project Canada, which connects to the Enbridge Pipelines Inc. (EPI) Mainline and carries crude oil from the Bakken Shale to North American refinery markets, Enbridge Energy Partners LP (EEP) and Enbridge Income Fund said Monday.
March 5, 2013
Shale’s Ethane Boom Gives Westlake Chemical Advantage
Westlake Chemical Corp. enjoyed record fourth quarter and full year results last year, driven in large part by lower ethylene feedstock costs resulting from the abundant supply of natural gas liquids (NGL) coming out of North American shale plays, CEO Albert Chao told analysts during a conference call Tuesday.
February 20, 2013
Bakken Pipeline Capacity Getting Railroaded, Parties at FERC Say
Enbridge Energy Partners LP’s North Dakota crude oil pipeline system has been underutilized since November due to increasing competition from rail and other pipeline transport options, refiner Flint Hills Resources LP, a unit of Koch Industries Inc., told FERC in a filing.
January 18, 2013
Denbury Buys ConocoPhillips’ Cedar Creek Anticline Portfolio
ConocoPhillips is selling a package of properties in the Cedar Creek Anticline (CCA) of North Dakota and Montana to Denbury Resources Inc. for $1.05 billion cash.
January 16, 2013
New York Lawmakers Want Halt to Frack Comment Period
Just days before a 30-day public comment period in New York on proposed rules governing high-volume hydraulic fracturing (HVHF) expires, three influential state lawmakers are calling for the comment period to be suspended, citing a lost state report on the practice that surfaced earlier this month.
January 10, 2013
Fracking in NY Can Be Safe, Says Year-Old Lost Report
The New York Department of Health (DOH) conducted a draft assessment of high-volume hydraulic fracturing (HVHF) in early 2012 and concluded that, with appropriate regulation, the practice could be performed safely in the state, according to reports.
January 7, 2013
Rig Still Grounded in Alaska as Arctic Drilling Questioned
On Friday the Kulluk Tow Incident Unified Command was planning “numerous air operations and overflights” of the Kulluk oil rig, which has been grounded off Sitkalidak Island in Alaska since Dec. 31.
January 7, 2013
Shale Development Pushing New Mexico to 30-Year Production High
Based on the most recent state data for this year, New Mexico is on track to bust the 80 million bbl oil production level for the first time since the late 1970s, and natural gas is expected to stay level at about 1.2 Tcf, according New Mexico Oil and Gas Association (NMOGA) officials.
January 3, 2013
New Mexico Eyes 30-Year Production High, Producers Say
Based on the most recent state data for this year, New Mexico is on track to bust the 80 million bbl oil production level for the first time since the late 1970s, and natural gas is expected to stay level at about 1.2 Tcf, according New Mexico Oil and Gas Association (NMOGA) officials.
January 3, 2013
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