Shale News

Oil Field Expo set for Dec. 3-4 in Cleveland's I-X Center

COLUMBUS, Ohio, Oct. 29, 2014 — The Ohio Oil and Gas Association (OOGA) is hosting its 4th Annual Oilfield Expo and Technical Conference at Cleveland’s I-X Center December 3 - 4. Ohio’s premier oil and gas industry event, OOGA’s Oilfield Expo offers training sessions, technical workshops, industry expert panels and 50,000 square feet of trade show floor.

UND hopes to expand its petroleum engineering program

The University of North Dakota (UND) has recently developed a petroleum engineering program, according to The Williston Herald. The program is aimed at preparing and encouraging young people in North Dakota to be qualified, educated workers for the state’s booming oil industry. UND has stated that the most common requests that oil companies come to them with is their lack of people. There are over 278 students in the program, and it has graduated 10 and expects to graduate 10 more this year. Every graduate of the program has gained employment immediately after graduating.

Railroad Commission: Texas oil drilling continues to rise

Evidence is mounting that the fall in oil prices in recent months has yet to put a dent in drilling activity in Texas.

The Texas Railroad Commission reported Wednesday that it issued 3,013 oil and gas drilling permits in September, compared to 2,440 in August and 1,531 a year ago.

The continued ramp up in drilling comes as West Texas Intermediate, the U.S. crude benchmark, is trading $82 a barrel. That is down 20 percent since July, and is driving predictions oil companies will slow down drilling next year.

But so far, the boom appears to be full steam ahead.

Big natural gas processing complex opening in Monroe County

The Berne processing complex in Monroe County, which has the capacity to hold three plants each processing 200 million cubic feet per day of natural gas, is almost ready to open.

The first 200 million-capacity plant will open in November, said Casey Nikoloric, spokeswoman for Blue Racer Midstream LLC, the company that runs the Monroe County project. Construction of the second unit has started and should be in-service in April.

Sweet fracking: How U.S. oil boom fuels chocolate craving

Chocolate demand may get an extra boost from an unlikely source this Halloween: the U.S. shale revolution.

With an abundance of crude oil due to the country's fracking boom pushing average U.S. retail gasoline prices to their lowest in four years, consumers have spare change to buy sweets at gas station stores, Hershey President and Chief Executive Officer John Bilbrey said on Wednesday.

"You could say that we benefit because people aren't spending as much at the pump and they're going inside," Bilbrey said in a conference call with investors to discuss quarterly earnings.

Consol Continues Producing More Gas

MOUNDSVILLE - Whether it's ethane, propane, butane or dry methane natural gas, Consol Energy is increasing output, as the the company's Utica shale production from July 1-Sept. 30 was 34 times greater compared to the same period in 2013.

Not satisfied to only raise its Utica levels, Consol also increased Marcellus shale natural gas yields by 76 percent from the third quarter of 2013 compared to this year.

New Transmission Line Constructed in Ohio Edison's Eastern Ohio Area to Help Support Shale Gas Industry

AKRON, Ohio, Oct. 30, 2014 /PRNewswire/ -- As part of its efforts to help support Ohio's growing shale gas industry, FirstEnergy Corp. (NYSE: FE) recently completed a new 3.5 mile, 138 kilovolt (kV) transmission line in its Ohio Edison territory to serve a Pennant Midstream natural gas processing facility in Springfield Township in Mahoning County.  The nearly $3 million project replaces temporary equipment installed earlier and allows for future expansion at the facility.

Ex-Chesapeake CEO's new firm buys Texas shale oil assets, plans IPO

Oct 28 (Reuters) - American Energy Partners LP, founded by former Chesapeake Energy Corp chief executive Aubrey McClendon, said on Tuesday its Permian Basin affiliate had bought oil assets in Texas for $726 million and plans an initial public offering soon.

American Energy-Permian Basin has since July 31 bought production of 1,400 barrels of oil equivalent per day and about 27,000 net acres of leasehold, bringing its total to 90,000 net acres in the Wolfcamp shale of the Permian Basin.

Anadarko Joins KKR in Return to East Texas Oil Glory

Anadarko Petroleum Corp. (APC) is teaming with private equity giant KKR & Co. in a plan to drill more than 500 wells across East Texas, a major expansion in what once was one of the industry’s most prolific regions.

KKR is investing in “long-term” development of the Eaglebine field in three counties about two hours northeast of Houston, the New York-based firm said yesterday in a statement. The deal values Anadarko’s interest at $1.1 billion. KKR agreed to pay $442 million to fund future drilling, The Woodlands, Texas-based Anadarko said yesterday in an operations report.

Oil boom booms into eastern N.D.

Watchers of North Dakota’s economy know that the boom in western oil country has significant spillover into central and eastern counties. There are heaps of anecdotes and substantive reports of the benefits eastern businesses and others are enjoying because of the Bakken oil and natural gas play.




[LLOYDS Toyota]