Times

The pipeline industry is a bit behind the times in capitalizing on the Williston Basin shale oil boom, but railroads like BNSF Railway are happy to accommodate oil producers with a means to get their product to market.

The Pennsylvania Department of Environmental Protection (DEP) has notified Cabot Oil & Gas Corp. that the company has satisfied the terms of a 2010 settlement and may resume hydraulic fracturing (fracking) and completion activities at seven Marcellus Shale natural gas wells in Dimock Township. However, the producer is still barred from drilling new wells in the area.

While oil production in North Dakota could more than quadruple by 2025 to more than 2 million b/d, natural gas could do even better, gaining by nearly six times over current production to 3.1 Bcf/d, according to an analysis commissioned by the state’s Pipeline Authority and performed by Bentek Energy LLC.

While oil production in North Dakota could more than quadruple by 2025 to more than 2 million b/d, natural gas could do even better, gaining by nearly six times over current production to 3.1 Bcf/d, according to an analysis commissioned by the state’s Pipeline Authority and performed by Bentek Energy LLC.

Shale gas is the “magic bullet” the U.S. petrochemical industry needs to make a full recovery from a decade of economic stagnation, according to researchers from Chemical Market Resources Inc. (CMR), a Houston firm that advises the chemical, petrochemical and plastics industries.

Hydrocarbon resources — oil, natural gas and coal — in North America are more than four times the resources existing in the Middle East, and the United States is now the fastest-growing producer of oil and natural gas in the world, according to a new report from the Manhattan Institute for Policy Research.

Higher natural gas prices, even three or four times above current low levels, shouldn’t hinder the switch by transportation fleets to compressed natural gas (CNG) and liquefied natural gas (LNG), an executive said last week. However, higher natural gas production doesn’t guarantee that natural gas vehicle (NGV) infrastructure is a given, and the high cost of vehicles continues to be a deterrent, according to a new report.

Higher natural gas prices, even three or four times above current low levels, won’t harm the switch of fleets to compressed natural gas (CNG) and liquefied natural Gas (LNG) for transportation, according to a supplier of natural gas for transportation.

In what can only be called a sign of the times for North American imports of liquefied natural gas (LNG), consultancy Pan EurAsian Enterprises Inc. said Monday it is no longer going to bother tracking daily sendout from nearly a dozen terminals. “There is a lot else going on in the world of global LNG that should be getting more of our attention,” the firm told clients in a note.