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Despite Marcellus Surge, May U.S. NatGas Output Nearly Flat Year/Year

Despite Marcellus Surge, May U.S. NatGas Output Nearly Flat Year/Year

New wells in the Marcellus Shale kept natural gas production there on the upswing in May, but declines in several other areas kept total U.S. production to 81.84 Bcf/d, just 0.3% higher than the 81.61 Bcf/d reported in May 2012, according to the Energy Information Administration (EIA).

August 2, 2013

Midland, TX, Office Tower to Sprout from Fertile Permian Basin

The skyline of Midland, TX (pop. 114,000) has a long way to go before it can rival those of Houston or Dallas, but the rebirth of the Permian Basin has sparked plans to develop what would be the sixth-tallest building in the Lone Star State.

July 17, 2013
North Dakota Production Soars While Well Completions Slow

North Dakota Production Soars While Well Completions Slow

Driven by the Bakken Shale play, North Dakota’s oil and natural gas production continued to soar in May, but well completion rates were slowing amid a continued boom for drilling new wells, according to the latest monthly report from the state’s Department of Mineral Resources (DMR).

July 16, 2013

Warmer-Than-Normal Summer Forecast Across United States

Temperatures across almost all of the United States will average warmer than normal over the next three months, though the Southeast and Ohio Valley may get some cooler breaks, according to a seasonal forecast released last week by Weather Services International (WSI).

July 1, 2013
Colorado Readies E&P Groundwater Monitoring Project

Colorado Readies E&P Groundwater Monitoring Project

Colorado regulators and exploration and production companies (E&P) are working together to advance a new groundwater monitoring program that would monitor data at existing drilling sites and drinking water wells in one of the most heavily drilled areas of the state, Weld County.

June 27, 2013

U.S. Oil, Gas Billionaires Like it On the Rocks

There are familiar names, matched to familiar brands, on the latest compilation of the world’s wealthiest individuals. At No. 1 is Mexico’s Carlos Slim Helu, 73, whose net worth of $73 billion was made from the telecommunications industry. Microsoft founder Bill Gates, 57, with $67 billion is in second place, followed by Spain’s Amancio Ortega, 77, with $57 billion. Berkshire Hathaway Inc.’s Warren Buffett, 82, has $53.5 billion for the No. 4 position, while Oracle Inc.’s Larry Ellison, 68, rounds out the top five with an estimated net worth of $43 billion.

June 26, 2013
Eastern Kentucky Shales Await Higher NatGas Prices

Eastern Kentucky Shales Await Higher NatGas Prices

The Kentucky Oil and Gas Association’s (KOGA) first comprehensive research of the economic impact of the oil and gas industry found that the state had 14,632 producing natural gas wells in 2011 and produced more than 3 million bbl of oil in 2012, but the number of horizontal well permits issued has declined each year since 2009.

June 20, 2013

Murkowski : U.S. Needs to Deal from a Position of Energy Abundance

In its reluctance to share its natural gas resources with the world, the United States is operating in a scarcity mode, which is at odds with today’s abundance, Alaska’s Sen. Lisa Murkowski said Tuesday.

June 19, 2013

Pennsylvania Governor Sounds Off on Impact Fee, Ethane Cracker

Pennsylvania Gov. Tom Corbett defended the decision to enact an impact fee, rather than a severance tax, on oil and gas drilling, and he said there was nothing new to report on a proposed ethane cracker in the western part of the state.

June 19, 2013
XTO Brings NGL Recovery Facility Online in Pennsylvania

XTO Brings NGL Recovery Facility Online in Pennsylvania

XTO Energy Inc.’s natural gas liquids (NGL) recovery facility in Butler County, PA, has entered service processing wet gas from Marcellus and Utica shale drilling in southwestern Pennsylvania.

June 19, 2013
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