Shale News

Texas, Louisiana Gear Up for $117 Billion in Project Starts in 2015, an Industrial Info News Alert

SUGAR LAND, TX--(Marketwired - Oct 21, 2014) - Researched by Industrial Info Resources (Sugar Land, Texas) -- Industrial Info is tracking industrial projects valued at approximately $117 billion that are currently planned to kick off in Texas and Louisiana in 2015. While all industries are showing activity in the area, Oil & Gas Production (including liquefied natural gas projects), Chemical Processing and Power represent the dominant industries in the two states.

How the Energy Revolution is Supporting Texas-Sized Economic Growth

America is in the midst of an energy boom. We all know this. We also know the positive impact it has had on our nation’s balance sheet.

The U.S. is now set to surpass Russia and Saudi Arabia in crude production, and it has already passed the former as the world’s largest producer of natural gas.

But what often slips under the radar is how energy is also fueling population growth in communities west of the Mississippi River – particularly those in Texas – where nearby production is a daily occurrence.

Utica Shale well activity as of Oct. 18

UTICA SHALE ACTIVITY AS OF OCT. 18

DRILLED: 267

DRILLING: 248

PERMITTED: 438

PRODUCING: 607

TOTAL: 1,560

• Twelve horizontal permits were issued during the week that ended Oct. 18, and 46 rigs were operating in the Utica Shale.

TOP 10 COUNTIES BY NO. OF PERMITS

1. CARROLL: 438

2. HARRISON: 281

3. BELMONT: 170

4. GUERNSEY: 142

5. NOBLE: 127

6. MONROE: 124

7. COLUMBIANA: 107

8. JEFFERSON: 43

9. MAHONING: 30

t-10. TUSCARAWAS: 17

t-10. WASHINGTON: 17

Halliburton, Baker Hughes buy more sand, railcars as demand piles up

Oct 21 – As fracking accelerates in North American shale fields, oilfield services providers Halliburton Co and Baker Hughes Inc are stockpiling sand to protect themselves against rising costs and are buying more railcars to transport the haul.

Halliburton, the world’s largest provider of fracking services, is more than doubling its railcar fleet and capacity for sand terminals – where sand is stored and transferred to truck from rail. It had about 3,500 railcars under management as of June 30.

Majors Turn Their Attention To The Rocky Mountains Again

One of North America’s older, more mature plays, the Rocky Mountain’s Piceance Basin doesn’t get the same media attention as the newcomers, but there is a beast under the boulders here—and a flurry of game-changing drilling—that will render this liquids-rich haven a major rival.

What has really got everyone’s attention here is that the Piceance Basin is prospective for the high-value oil liquids that are coming out of the deeper Niobrara and Mancos shales in this same area—unconventional sand/shale sequences that lie at depths down to 13,000 feet.

NRP, Macoma Investors Ramp Up Bakken Exposure

Natural Resource Partners LP, a Houston-based firm with operational headquarters in West Virginia, can’t get enough of the Bakken. In June 2013, NRP acquired roughly 13,500 net acres in the Bakken and Three Forks play from Abraxas Petroleum for $38.3 million. The purchase included 120 producing wells and interests to 22 wells that at the time of the purchase were in various stages of development.

Chevron donating $20M to build STEM-ready workforce in region

Chevron Corp. is giving $20 million to the tri-state region to boost workforce development and science, technology and math education.

The Appalachia Partnership Institute is a project of Chevron (NYSE: CVX), Allegheny Conference on Community Development, the Rand Corp. and the Claude Worthington Benedum Foundation. The 27 counties, which include Allegheny County, are in Pennsylvania, West Virginia and Ohio.

Tuscaloosa Marine Shale Rewards Persistent Independents

After a flurry of activity in the Tuscaloosa Marine Shale (TMS) met with some unexpected geological challenges three years ago, the persistent independent producers that stuck with the play say they are being rewarded for their tenacity. Sprawling across 2.7 million acres of southern Louisiana and Mississippi, they say the TMS is a well-documented but largely unproduced oil play estimated to contain nearly 7 billion barrels of recoverable resource.

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