Shale News

Titusville charts course to reap new oil jobs

TITUSVILLE -- The world's first oil region is positioning itself for a second energy boom, from the Utica Shale formation.

Titusville municipal and development officials hope to attract the lucrative oil and gas industry "back to where it all started." The Titusville region was the birthplace of the petroleum industry when Edwin Drake successfully drilled for oil there in 1859.

That boom could be repeated when the industry turns full attention to the oil- and gas-rich Utica Shale, according to a strategic plan commissioned by Titusville officials.

Ohio college starting major to train oil and gas landmen

A college in eastern Ohio is seeking to be the first in the state to offer certification to be an oil and gas landman.

Marietta College’s new major, Land and Energy Management, is designed to make new landmen who act as do-everythings for energy companies and are best known for seeking out and negotiating mineral right leases with landowners, the Marietta Timesreports. Landmen are also the people who flood records offices to try to determine mineral rights ownership.

Pioneer Natural Resources plans to double U.S. oil exports in 2015

SINGAPORE, Sept 29 (Reuters) - Pioneer Natural Resourcesplans to double its U.S. exports of condensate, an ultra-light oil, to 50,000 barrels per day (bpd) next year, its chief executive said on Monday.

The U.S. shale resources explorer, along with Enterprise Product Partners LP, received the green light from the U.S. government in March to ship the ultra-light crude as the country softened a 40-year ban on oil exports.

Is Denver the Houston of the Rockies — again?

During the energy crises of the 1970s, President Jimmy Carter conspired to turn the Interior West into an American version of Saudi Arabia. Energy companies flocked to the region to take advantage of subsidies and streamlined permitting, and many set up shop in Denver, bulldozing the historic downtown buildings to replace them with skyscrapers and parking lots, while the suburbs sprawled out onto the plains in deference to the automobile.

EnLink Midstream purchases Gulf Coast pipeline systems

DALLAS,September 29, 2014 — The EnLink Midstream companies, EnLink Midstream Partners, LP (NYSE:ENLK) (the Partnership) and EnLink Midstream, LLC (NYSE:ENLC) (the General Partner) (together “EnLink”), today announced that a subsidiary of the Partnership has signed a definitive agreement with Chevron Pipe Line Company and Chevron Midstream Pipelines LLC to acquire Gulf Coast natural gas pipeline assets including the Bridgeline system (“the natural gas assets”) predominantly located in Southern Louisiana for $235 million, subject to certain adjustments.

 

MarkWest investments total $7.5B in Marcellus, Utica

PITTSBURGH - From Cadiz and Hopedale to Majorsville and Mobley, MarkWest Energy's investment for Marcellus and Utica shale processing infrastructure now reaches about $7.5 billion, but Frank Semple said development is far from complete.

"We are still in the early innings of a nine-inning ball game," Semple, MarkWest's chairman, president and CEO, said Thursday during the Shale Insight 2014 conference in downtown Pittsburgh.

Gov. Tomblin helps open new Allied Oil and Gas Services facility in Bridgeport

BRIDGEPORT, W. Va. – The continued growth of the oil and gas industry in North Central West Virginia was evident again with the opening of a new facility for Allied Oil and Gas Services.

When the company, which provides cementing and acidizingservices to oil and gas companies, opened its first West Virginia operation located in Clarksburg during 2010, the facility employed 10 people, none from the local area. The new Bridgeport location will house 70 local employees along with eight pumps, three maintenance bays, and an on-site lab.

Oil and gas industry dominates region, state

Houma-Thibodaux's income and tax collections rely primarily on offshore oil and gas exploration, production and service.

Terrebonne Parish derives some $558 million in annual earnings directly from the oil and gas industry. This doesn't account for all the ancillary shipbuilding, mud mixing and construction operations that also pump up Houma-Thibodaux's economy.

Economic boom opens doors for closing company

Multi-million-dollar projects used to come along only once in a blue moon in North Dakota, says Tim Atkinson, chairman of the board at North Dakota Guaranty & Title Co. These days, it’s not uncommon for several $100-million-plus projects to be in the works at any given time across various sectors in the state.

“It’s an exciting time to be in business,” he says.

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