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 rates will go up next month under new rates. The PUC approved an overall increase of $5.3 million, or 8.5%. The company said the monthly bill of a typical customer using 62 therms per month will increase by $3.89, or 8.3%. It is from $46.69 to $50.58. Commercial customers who average 264 therms […]
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. Want to know more about the issue of banning oil? “A tremendous amount of the energy we use every day, whether it’s gasoline or natural gas or oil, comes […]
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 […]
Houston-based Occidental Petroleum Corp. (NYSE: OXY) has been planning to sell $10 billion to $15 billion worth of assets since inking a deal to acquire The Woodlands-based Anadarko Petroleum Corp. earlier this year. The $55 billion acquisition, including the assumption of debt, closed Aug. 8, and Occidental provided an update on its divestiture and deleveraging efforts on Sept. 30. […]
What’s past is prologue: more oil, more natural gas. No kidding. These two essential fuels supply nearly 65% of the energy used in the U.S. and global economies. Given that economic and population expansion are the primary indicators of more energy demand, global energy demand is set to boom 45% by 2050. Read the full […]
Executives from the largest oil and gas companies in the world offered their takes on climate change. They also had a fair sharing why they need natural gas. Want to know their Oil and Gas climate initiative response? One of the opening events of Climate Week in New York offered a rare sight. Nine bosses […]
