shale

CIUDAD MIER, Mexico (AP) — Mexico overcame 75 years of nationalist pride to reform its flagging, state-owned oil industry. But as it prepares to develop rich shale fields along the Gulf Coast, and attract foreign investors, another challenge awaits: taming the brutal drug cartels that rule the region and are stealing billions of dollars' worth of oil from pipelines.

PITTSBURGH (AP) — Penn State University said Wednesday that General Electric Co. will give the school up to $10 million to create a new center for natural gas industry research.

As part of a record-setting industry meeting in May at the Williston Basin Petroleum Conference in North Dakota, Republican Gov. Jack Dalrymple offered a keynote speech with one superlative after another about his sparsely populated, but energy- and agriculture-rich state. It seems his state is leading the nation in a number of categories these days, including having the happiest residents.

CHEYENNE, Wyo. (AP) — This year already is the worst for oil spills in Wyoming since at least 2009, after a series of accidents from the remote Powder River Basin to downtown Cheyenne.

NEW YORK (AP) — Dominion Resources, Duke Energy and other partners are proposing a $5 billion natural gas pipeline to connect the Southeast with the prodigious supplies of natural gas being produced in Pennsylvania, Ohio and West Virginia.

I’ve never been to North Dakota; in fact, I don’t think I’ve ever met anyone from that state. Now, one of the great oil discoveries of recent years, the immense Bakken Shale, has put the upper Plains state on the map for all to see.

EQT Corp. and NextEra US Gas Assets, held a non-binding open season for the Mountain Valley Pipeline project which would connect Marcellus and Utica natural gas supply to markets in the Southeast. The companies signed a letter of intent to form a joint venture to construct and own the Mountain Valley Pipeline.

Like most stories about Texas, the one that’s being written in the Eagle Ford shale is full of big dreams, big dollars, and big results.

The play itself is huge, covering an area of 20,000 square miles, it spans 25 south-central Texas counties and is roughly the size of Croatia. Capital expenditures there by energy companies are sky-high, reaching $28 billion through the end of 2013, if predictions by global consultants Wood Mackenzie held true.

“…the United States has become ‘a job magnet’ for manufacturing, which is really the first time in decades this has happened...”
--Former U.S. Interior Secretary Ken Salazar

According to a Douglas-Westwood report, Western Europe will continue to rely on imported Russian gas into the 2020s as mature offshore provinces struggle for growth, while large-scale shale gas extraction looks increasingly unlikely in the medium term. Following Moscow’s intervention in Ukraine and the resulting strained diplomatic ties with the West, it is unclear if North Sea production can support any drop in gas flow from Russia.

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