Shale News

    Domestic oil boom is keeping imports low

    U.S. imports of crude oil have dropped to their lowest levels since the mid-1990s as oil production from shale formations in Texas and North Dakota steadily increase.

    Domestic oil production in the Eagle Ford and Bakken shale formations increased by more than 86,000 barrels per day, or 3.4 percent, in July, according to Bentek Energy, an analytics and forecasting unit of Platts, a global provider of energy information. Bentek data analysis showed that from July 2013 to July 2014, total U.S. crude oil production increased more than 1.5 million barrels per day.

    Eagle Ford wave lifts Blue Dolphin Energy refinery

    SAN ANTONIO — The Eagle Ford Shale is boosting the fortunes of Blue Dolphin Energy Co., which took a chance when it bought a rusty, mothballed refinery in the small town of Nixon about seven years ago.

    Blue Dolphin bought the plant out of bankruptcy before the promise of the Eagle Ford was apparent. The company spent tens of millions refurbishing the plant and restarted it in early 2012.

    Bennett joins Ohio Oil and Gas Association as senior vice president

    Ohio Oil and Gas Association Announces Shawn Bennett as New Senior Vice President

    COLUMBUS, Ohio, August 21, 2014 — As its membership grows alongside the state’s expanding oil and gas industry, Ohio Oil and Gas Association (OOGA) Executive Vice President Thomas E. Stewart today announced that Shawn Bennett, a long-time supporter and voice for Ohio energy producers, has joined the association as senior vice president.

    Oil production increased in ND and TX in July

    DENVER and HOUSTON, Aug. 21, 2014 /PRNewswire/ -- Oil production from shale formations in North Dakota and Texas increased by more than 86,000 barrels per day (b/d) or 3.4% in July, according to Bentek Energy, an analytics and forecasting unit of Platts, a leading global provider of energy, petrochemicals, metals and agriculture information.

    In North Dakota, the active oil rig count is close to 200 and the highest level in nearly two years, according to Jack Weixel, Bentek Energy director of energy analysis.

    Visit full of energy: US Rep. tours coal, gas facilities

    SCIO

    U.S. Rep. Bill Johnson, R-Marietta, touted the GOP’s “all-of-the-above” energy strategy as he toured coal and natural gas facilities in eastern Ohio on Wednesday with new House Republican Whip Steve Scalise of Louisiana.

    Speaking at a news conference at the Utica East Ohio Buckeye Scio cryogenic processing plant, Scalise said Republicans aren’t trying to promote one form of energy, but all kinds — coal, oil, natural gas, solar and wind. The goal is to make the U.S. a leader in energy production.

    First phase of Thunder Butte refinery project could be operational this year

    If the current plans of the MHA Nation Tribal Business council continue on track, the first phase of the Thunder Butte refinery could be operational November 1. The first phase is a transload facility at the refinery site near Makoti, North Dakota.  It’s engineered to accept truckloads of crude, store the crude, then fill as many as three 120-unit tanker trains and send them to refineries.  “It could go to refineries along the Gulf coast, the east, or even the west coast,” said MHA Nation Business Council Chairman Tex Hall.

    National Fuel predicts 700 new jobs with shale gas pipeline project

    National Fuel Gas Supply Corp. announced it anticipates a new shale gas pipeline project traveling between Pennsylvania and New York state will create an estimated 700 jobs during construction. The pipeline will stretch 97 miles from McKean County, Pennsylvania, to the Porterville Compressor Station in New York's Erie County.

    Currently, National Fuel is still in the federal review process for the new pipeline and the owners of the land where the pipe will run have been notified about the project.

    Indian firm plans exports of ethane from U.S. shale fields

    An Indian conglomerate that has ties to the Marcellus shale wants to ship 1.5 million tons of ethane annually from the United States to a chemical complex in its home country, a move that could set up competition for supplies with plants under consideration in the region.

    Reliance Industries has two joint ventures in the Marcellus, where companies are separating ethane from the abundant natural gas, among the U.S. shale investments it could tap to supply its upgraded cracker plant.

    TAYO: Buildings Rise, Unemployment Drops in Oil-Rich West Texas

    HOUSTON--(Business Wire)--Growth and development in resource-rich West Texas continue at a torrid pace as Taylor Consulting Inc. (OTCBB: TAYO) makes plans to add to its portfolio of real estate assets in the region.

    A horizontal drilling boom in West Texas’ Permian Basin has created so many jobs that nearby cities have the lowest unemployment rate in the state. According to the latest figures from the Texas Workforce Commission, Odessa and Midland are once again the two top Texas cities for low unemployment, with both coming in under the state’s unemployment rate of 5.1 percent.

    Energy sector powers Pa. pace

    Pennsylvania's economic growth outpaced the national average at the end of the year, suggesting the state's gas drilling boom may have contributed to the improving performance as cold weather increased demand for natural gas.

    It was the first time in five years that Pennsylvania's fourth-quarter growth exceeded the rest of the nation, according to state-by-state data on gross domestic product released Wednesday by the U.S. Department of Commerce.

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