Texas is flaring a record amount of natural gas, according to a new report. The volume of natural gas being flared has grown sharply in the Permian Basin in West Texas and New Mexico, according to a 17-page report by Austin, Texas-based drillinginfo, an industry research firm, Kallanish Energy reports. It estimated the volume of … Read more
Ohio energy users saved more than $40.2 billion from 2006 to 2016, thanks to lower natural gas prices, according to a new report from the Texas-based Consumer Energy Alliance. Residential users saved almost $15 billion, while commercial and industrial users saved $25.3 billion, Kallanish Energy has learned. The report looked at how … Read more
New satellite data shows a significant decline in natural gas flaring at oil production sites around the world in 2017, Kallanish Energy reports. The decline was about 5% and came while global oil production grew by a half-percent. That 5% drop begins to reverse years of increases in global flaring that started … Read more
Shell and Chevron are the first oil and gas industry players granted waivers from President Trump’s 25% tariff on steel imports, after the administration agreed the specialty steel they were importing isn’t manufactured in the U.S. The U.S. Commerce Department approved tariff exclusions for 2,760 tons of steel casing and production tubing Shell said it … Read more
The federal government last week delayed a decision on a proposal to allow oil and gas drilling near Great Sand Dunes National Park in southern Colorado, saying it first wants to consult with the Navajo Nation, which owns land in the area. The Bureau of Land Management had planned to sell drilling … Read more
The number of rigs working onshore in the Lower 48 U.S. states during the week ended June 29, fell for the third consecutive week, data from oilfield services firm Baker Hughes, a GE company, reveals. Last week, the number of working rigs dropped to 1,016, down seven rigs from one week earlier. … Read more
Black Hills Energy, of Rapid City, S.D., is preparing to build a 35-mile, $54 million natural gas pipeline in Converse County, east-central Wyoming. The Natural Bridge Pipeline will begin at the Wyoming Interstate Co. compressor station interconnect in east Douglas, Wyo. From there, it will track west, terminating at Black Hills Energy’s facilities … Read more
Strong global growth prospects, rising exports, increased manufacturing, balanced inventories, healthy demand, and sufficient, inexpensive shale gas combined suggest positive growth this year for the U.S. chemical industry, the American Chemistry Council’s mid-year outlook states. “The U.S. chemical industry continues to enjoy a competitive advantage from robust supplies of shale gas and … Read more
SM Energy said Thursday it closed the previously announced sales of its remaining assets in the Williston Basin in North Dakota, and third-party-operated assets known as Halff East in Upton County, Texas, for $292.3 million. The properties acquired by privately-held, independent producer Petro-Hunt include roughly 246 operated and 51 non-operated wells and 119,000 net acres of … Read more
Construction on the Mariner East 2 liquids pipelines in Pennsylvania has been halted again, Kallanish Energy reports. The Mariner East 1 liquids pipeline that has been in operation was also shut down. Administrative law Judge Elizabeth Barnes stopped construction in Chester County’s West Whiteland Township until the state’s Public Utility Commission (PUC) determines the twin pipelines … Read more
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