Dallas Cowboys owner Jerry Jones is doubling down on Louisiana’s Haynesville play. Jones, 77, said “My immediate plan is to continue to aggregate long-term reserves to have the most efficient source of natural gas.” Read the full article here Source: Bloomberg.com
Natural gas is the cleanest, most versatile, and most flexible fossil fuel. This all explains why gas today provides a rising 30 percent of the energy used in the rich OECD economies. Read the full article here Source: rigzone.com
U.S. oil producers have said they plan to slow production to reduce supplies and thus boost the costs. But experts say that oil production will stay ramped up into 2020, and will slow later next year and after. Read the full article here Source: Toledoblade.com
Shale Rail released plans to add an additional new track. The Wysox location has the capacity to transload over 80,000 tons per month of frac sand. Read the full article here Source: northamericanshalemagazine.com
Natural gas prices will go up next month under new rates. The PUC approved an overall increase of $5.3 million, or 8.5%. Read the full article here Source: bendbulletin.com
Texans are now voting on 10 amendments to the state constitution. Proposition #4 deals with a state income tax. Proposition #7 pertains to the permanent school fund, which invests revenue from state-owned lands — such as leasing mineral rights to oil and gas companies. Read the full article here Source: KTEN.com
London (CNN Business)Reports of another attack on oil supply in the Middle East pushed prices higher early on Friday. The report immediately lifted Brent crude oil prices by 2% to above $60 a barrel. Read the full article here Source: CNN Business
Bureau of Land Management acting chief William Perry Pendley today slammed calls by some Democratic presidential contenders to ban oil and gas leasing on federal lands. “A tremendous amount of the energy we use every day, whether it’s gasoline or natural gas or oil, comes from federal lands. So much of the oil and gas […]
It was Texas, North Dakota, and New Mexico that saved us from a crude price spike a few weeks ago. U.S. crude oil production will steadily rise from 13.1 million b/d in 2020 to 14.2 million b/d by 2035. Read the full article here Source: Forbes.com
The Marcellus and Point Pleasant-Utica Shale plays in the Appalachian Basin contain an estimated mean of 214 trillion cubic feet of undiscovered. “Watching our estimates for the Marcellus rise from 2 trillion, to 84 trillion, to 97 trillion in under 20 years demonstrates the effects American ingenuity and new technology can have,” said USGS director […]
