The energy security risk faced by the United States as quantified by the U.S. Chamber of Commerce fell 6.6% last year from 2011, ending a two-year run of increases, thanks mainly to oil and natural gas production from shale plays, the Chamber’s Institute for 21st Century Energy said Wednesday.
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Articles from E&P
Lawmakers Seek Fracking Exemption for Wyoming, Other Western States
The Wyoming congressional delegation Monday asked Interior Secretary Sally Jewell to exempt Wyoming and other western states currently regulating hydraulic fracturing (fracking) from the Bureau of Land Management’s (BLM) final rule on the practice, saying not to do so would delay permitting and discourage production on public land.
Meritage Midstream Grows Powder River Assets
Meritage Midstream Services II LLC has bought Thunder Creek Gas Services LLC and its more than 500 miles of gathering pipelines in Wyoming’s Powder River Basin, the company said Tuesday.
Oil/Gas Driving Colorado Economy, Researchers Find
Last year, Colorado’s oil and natural gas industry injected $29.6 billion into the state’s economy, supporting 110,000 mostly high-paying jobs, according to a study released Monday by a research unit at the Leeds Business School, University of Colorado (UC), Boulder.
Producers See Equity Heating Up, ‘Vigorous’ Enthusiasm for Permian
Exploration and production (E&P) companies remain enthusiastic about the U.S. onshore, in particular the Permian Basin, Niobrara formation, Utica Shale and the Tuscaloosa Marine Shale (TMS), based on observations at the recent EnerCom Consulting oil and natural gas conference, said two analyst teams who were there. However, Marcellus Shale pricing appears to be a “real concern for the buyside.”
Flaring Draws Renewed Interest in Wyoming, North Dakota
Wyoming and North Dakota are stepping up statewide assessments of ways to cut down on the volumes of associated natural gas flaring at oil wellhead sites, but the economics for oil/gas operators in some cases are complicating the efforts.
Federal Lands: Where the Shales (Mostly) Aren’t
Production of oil and natural gas from non-federal lands has skyrocketed while that from federal lands has waned. At least today, the vast majority of shale acreage lies on state and private lands, the Energy Information Administration’ (EIA) Howard Gruenspecht, deputy administrator, said. It’s coal country that is mostly on the government’s property.
Marcellus, Utica Output on Pace to Increase 3.6 Bcf/d from 2012
Barclays Capital’s energy analysts see the potential for natural gas production from the Marcellus and Utica shales to jump by 3.6 Bcf/d year/year (y/y) in 2013 and almost as much again by the end of 2014.
Shell Markets Colorado Leasehold in Niobrara
Royal Dutch Shell plc, which earlier this month launched a review of its entire North American portfolio, is selling some of its operations in northwestern Colorado’s Niobrara formation, according to a spokeswoman.
Pembina Expanding Midstream Complex in West Central Alberta
Calgary midstreamer Pembina Pipeline Corp. is launching plans to build and operate another shallow cut natural gas plant and associated pipeline infrastructure near its Cutbank Complex in west central Alberta.