Rail proposal, which would connect the Uinta Basin’s waxy crude with Gulf Coast refiners. Thursday by securing a $21.4 million grant from a Utah panel. Know more about the disputed rail project deal as you continue reading below. Firstly, the $1.4 billion rail line could increase industrial impacts by enabling Uinta Basin oil production to […]
The Walton Family Foundation reported this week that Midland is the “most dynamic” metropolitan statistical area in the nation. The foundation ranked the Midland MSA as No. 1 in a report that detailed economic growth in the 379 metropolitan areas across the United States. The most dynamic MSAs are ML, San Jose-Sunnyvale-Santa Clara, California, and […]
Over objections of climate activists, Philadelphia City Council on Thursday approved a deal. It is with a developer who will build a $60 million liquefied natural gas or LNG plant on city land. It will be generating at least $1.35 million in profits that advocates say will help reduce residential heating bills. Council, in a […]
Reports of two oil tankers being attacked in the strategic Gulf of Oman sent world oil prices spike higher Thursday morning. A third of all oil traded by sea passes through the Strait of Hormuz, the narrow mouth of the Persian Gulf near the Gulf of Oman. Experts do not expect the jump in oil […]
Crude Texas Oil and Gas Production as reported to the Railroad Commission of Texas (RRC) for March 2019 came from 174,582 oil wells and 89,335 gas wells. The Railroad Commission of Texas (RRC) has recently released its report for the period from April 2018 to March 2019, providing valuable insights into the state’s energy production. […]
Global Markets: That’s the mantra offered to those attending Hart Energy’s Midstream Texas conference last week at the Horseshoe. “We’re going to have to export significant amounts of incremental production. Not just from Texas but from elsewhere in the U.S”. This is what Greg Haas, director, integrated oil and gas at Stratas Advisors, told his […]
There is a new report from the International Energy Agency. Gas accounted for 45 percent of the increase in total primary energy demand last year. Let’s talk more about how the states with cheap gas can fuel the global demand. China is ground zero for the future of gas, accounting for 40 percent of global […]
Europe saved $8 billion on its natural gas bill last year because of surging U.S. shale production. Fatih Birol, speaking as the IEA released its annual gas report, said 2018 was a “golden year” for natural gas. This accounted for 45 percent of total global energy growth, which in turn was the fastest in two […]
In 2004, horizontally drilled wells account for roughly 15% of U.S. crude oil production in tight oil formations. By the end of 2018, that percentage had skyrocketed to 96%. The Horizontally Drilled Wells allows producers to access more of the oil- and natural gas-bearing rock than drilling vertically. The lateral length of horizontal wells has […]
UTICA SHALE WELL ACTIVITY AS OF JUNE 1 DRILLED: 229 (259 as of last week) DRILLING: 156 (156) PERMITTED: 489 (492) PRODUCING: 2,223 (2,186) TOTAL: 3,097 (3,093) Read the full article here Source: Cantonrep.com
