More Unconventional News

Feedstock menu expands at Nova’s Corunna plant

Jan 16, 2014

Nova Chemicals Corp., Calgary, has started processing its first ethane supplies sourced from Marcellus shale at its Corunna, Ont., refinery and petrochemical complex.

NTSB issues initial report on Casselton, ND, oil train incident

Jan 13, 2014

A BNSF crude oil tanker train’s Dec. 30 collision with a derailed train carrying grain near Casselton, ND, caused $6.1 million of damage and spilled more than 400,000 gal of crude, the National Transportation Safety Board said in its initial report on the incident.

Total enters UK shale gas arena through recent purchase

Jan 13, 2014

Total SA has entered into the UK shale gas arena through the purchased of 40% interest in two shale gas exploration licenses in the UK, paying $1.6 million in back costs and the funding of a fully carried work program of up to $46.5 million.

No injuries after collision ignites North Dakota oil train fire

Jan 13, 2014

A BNSF Rail Co. train carrying crude oil caught fire Dec. 30 after it struck a derailed train carrying agricultural products west of Fargo, ND. Residents of the nearby town of Casselton returned to their homes Jan. 1 after a voluntary evacuation order was lifted. No injuries were reported.

Wyden, Rockefeller request crude oil transportation examination

Jan 10, 2014

The chairman of two US Senate committees asked US Sec. of Energy Ernest G. Moniz and US Sec. of Transportation Anthony Foxx to fully examine crude oil transportation in the wake of several recent rail accidents.

EIA: Significant events affected oil markets in 2013

Jan 9, 2014

The US Energy Information Administration listed significant events affecting oil markets in 2013.

EIA: Global oil demand to rise 1.2 million b/d in 2014

Jan 8, 2014

Global liquid fuels consumption is forecast to increase by 1.2 million b/d in 2014 and by another 1.4 million b/d in 2015, according to the US Energy Information Administration’s Short-Term Energy Outlook (STEO), released this month.

Murkowski: Ban on US crude oil exports should end soon

Jan 8, 2014

Prohibition of US crude oil and condensate exports is an outmoded policy that should end soon as a first step in an overall energy export reassessment and reforms, US Sen. Lisa Murkowski (R-Alas.) declared.

Pennant’s Hickory Bend Utica gas processing plant ready for operations

Jan 7, 2014

Pennant Midstream announced that its 200-MMcfd Hickory Bend cryogenic natural gas processing plant in the Utica shale at New Middletown, Ohio, is ready to begin operations. The plant’s gathering system includes about 55 miles of 20- and 24-in. OD wet gas gathering pipelines. These pipelines will support delivery of more than 600 MMcfd, allowing for expansion if demand warrants, and Pennant is preparing sites for two additional plants at Hickory Bend.

Study develops Fayetteville shale reserves, production forecast

Jan 6, 2014

A study of reserve and production potential for the Fayetteville shale in north central Arkansas, forecasts a cumulative 18 tcf of economically recoverable reserves by 2050, with production declining to about 400 bcf/year by 2030 from the current peak of about 950 bcf/year.

HAYNESVILLE UPDATE—2: North Louisiana drilling costs vary slightly 2007-12

Jan 6, 2014

Well construction costs comprise the largest component of the capital expenditures required in onshore developments, typically ranging 70-90% of total project costs.

Bakken, Three Forks largest continuous US oil accumulation

Jan 6, 2014

The recent reversal of the declining trend of US oil production is largely due to production from unconventional or "continuous" low-permeability reservoirs by use of multistage hydraulic fracturing of horizontal legs of exploration wells.

PHMSA issues safety alert on Bakken crude flammability

Jan 3, 2014

The US Department of Transportation’s Pipeline and Hazardous Materials Safety Administration (PHMSA) issued a safety alert to shippers and carriers, emergency responders, and the general public that Bakken crude should be handled carefully because it may be more flammable than other grades.

Baker Hughes: US drilling rig count drops to 1,751

Jan 3, 2014

The US drilling rig count fell 6 units, all of which were land-based units, to settle at 1,751 rigs working overall during the week ended Jan. 3, Baker Hughes Inc. reported.

IHS: Chinese NOCs dominated M&A deals in 2013

Jan 2, 2014

Led by the Chinese, Asian and Caspian regional national oil companies purchased half of the 10 largest deals globally in 2013, according to IHS research on energy mergers and acquisitions.

US land, oil drilling dips to 1,757 units in latest rig count report

Dec 27, 2013

Rigs drilling on land and for oil took the biggest hit in the latest US drilling rig count report, released by Baker Hughes Inc.

API notes 23.1% rise in US drilling outlays in 2012

Dec 27, 2013

Oil and gas producers spent an estimated $153.7 billion to drill US wells in 2012, 23.1% more than in 2011, the American Petroleum Institute said in its latest Joint Association Survey of Drilling Costs.

Anadarko to move Eagle Ford production on KMCC-Double Eagle

Dec 26, 2013

Anadarko Petroleum Corp. has signed a long-term agreement with Kinder Morgan Crude & Condensate LLC and Double Eagle Pipeline LLC, a 50/50-joint venture of Magellan Midstream Partners LP and Kinder Morgan Energy Partners LP, to transport Anadarko’s Eagle Ford shale production from Gardendale, Tex., in LaSalle County, to the Houston Ship Channel via the KMCC Pipeline.

Baker Hughes: US drilling rig count drops to 1,768

Dec 20, 2013

The US drilling rig count relinquished 14 units to settle at 1,768 rigs working in the week ended Dec. 20, Baker Hughes Inc. reported.

New Eagle Ford fractionator planned

Dec 20, 2013

Plains All American Pipeline LP, Houston, will build new NGL fractionation and expand existing condensate stabilization in the Eagle Ford play of South Texas, the company has announced.

 

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