The EIA’s latest Short-Term Energy and Winter Fuels Outlook finds US households heated with natural gas, propane and electricity face higher heating bills this winter. Homes in the northeast that use heating oil will pay slightly less for the fuel than last year. These price movements are primarily due to changes in underlying commodity prices,… Keep reading →
Addressing the natural gas flaring issue in North Dakota’s portion of the Bakken Shale formation is not as simple as just connecting new wells to pipeline infrastructure. Sometimes new, high-pressure wells can overwhelm existing infrastructure and without additional compression, more frequent maintenance or expanding the system, extinguishing the flares is not feasible. The latest report… Keep reading →
Those familiar with the US oil and gas industry probably saw the now famous picture of North Dakota from space at night that depicts widespread natural gas flaring. As hydrocarbon production – primarily oil – rapidly increases, new wells in remote areas often flare natural gas until gathering pipelines are constructed to transport the gas… Keep reading →
Expect the promised benefits of natural gas to really begin hitting the North American economy in the second half of this decade, said Chevron Vice President of Supply and Trading Greg Vesey at the North American Gas Forum in Washington, DC this week. It will take two to three years to complete construction of manufacturing… Keep reading →
Investment bank Raymond James has updated its US oil and natural gas liquids production forecast, with new estimates suggesting that the country could produce enough oil to satisfy domestic demand in less than ten years’ time. “The U.S. could easily be approaching the ‘holy grail’ of net oil ‘energy independence’ toward the end of the… Keep reading →
EOG is bullish about oil this year, but less optimistic about North American natural gas prices, said Board Chairman and former Chief Executive and Mark Papa, speaking during the company’s second-quarter 2013 earnings call. “We consider 2013 to be another in a long string of disappointing years,” said Papa. “We expect gas supply to continue… Keep reading →
As US natural gas production swelled in recent years – largely a result of shale gas development – and prices fell amid burgeoning supply, producers moved rigs to economically greener pastures. In a world of comparatively high oil prices, this meant more liquids rich natural gas resources that produced ethane, butane, propane and pentanes, known… Keep reading →
NETL has stated nothing of concern has thus far been found for preliminary results of its ongoing hydraulic fracturing study at Pennsylvania’s Marcellus Shale. On July 19, 2013, the Department of Energy’s National Energy Technology Laboratory (NETL) released a preliminary statement of its ongoing hydraulic fracturing study at two Pennsylvania drilling sites. NETL stated that… Keep reading →
