World

U.S. independent oil and natural gas producers have given the country’s politicians a winning hand to take to the geopolitics poker table, and they don’t know what to do with it, NGP Energy Capital Management CEO Kenneth Hersh told a Houston audience Wednesday.

Forty-five governments and producers, including BP plc and the State of California, plan to end routine natural gas flaring at oil production sites by 2030, the World Bank said Monday.

The Bakken, Eagle Ford and “new” Permian Basin make up what Continental Resources Inc. executives like to call “Cowboyistan.” It’s the seventh-largest petroleum liquids producing area in the world and has made the United States a player in the global oil game, lending more insight into where the global oil market is going, Continental COO Jack Stark said in Houston Wednesday.

Production from the eastern United States, including the powerhouse Marcellus Shale, will help make the country the world’s top producer of natural gas this year, the Energy Information Administration said.

Production from the eastern United States, including the powerhouse Marcellus Shale, will help make the country the world’s top producer of natural gas this year, ahead of Saudi Arabia, the Energy Information Administration (EIA) said Friday.

In order to make a living in the shale gas world, Rockies Express Pipeline LLC (REX) wants to offer westbound capacity from the Marcellus/Utica region, but legacy shippers are balking at its plan to offer lower rates for customers headed west on a portion of the pipeline.

Rockies Express Pipeline LLC (REX) is working to remake itself for the shale gas world — to become an east-to-west shale gas expressway — but legacy shippers are balking.

Researchers at Columbia University said earthquakes that occur on the other side of the world could create smaller temblors near wastewater injection sites in the United States.

Researchers at Columbia University said earthquakes that occur on the other side of the world could create smaller temblors near wastewater injection sites in the United States.