Eagle Ford continues to be EOG Resource’s largest high return play EOG Resources, Inc. has reported a third quarter 2015 net loss of $4.1 billion, or $7.47 per share. This compares to third quarter 2014 net income of $1.1 billion, or $2.01 per share. During the third quarter 2015, proved oil and gas properties and related […]
EOG Resources increases Delaware Basin potential by 1 billion barrels Read More »
Sierra Club’s own research indicates a future outlook spearheaded by natural gas is even brighter The Sierra Club released a report last week attempting to argue that its “Beyond Coal”campaign is the reason that the United States has been able to achieve dramatic greenhouse gas reductions even though every credible organization from the Intergovernmental Panel
Sierra Club (reluctantly) admits fracking has helped lower CO2 emissions Read More »
Texas Permian Basin will increase production by 11,000 b/d to 2.02 million b/d U.S. shale oil production is expected to fall for the eighth consecutive month in December, according to a forecast released Monday from the U.S. Energy Information Administration. The monthly total output decline will be 1118,000 b/d, to 4.95 million b/d. An outlier is the Permian Basin in West
US shale oil output to fall for 8th month in December: EIA Read More »
Canadian oil sands producers have reduced per-barrel GHG emissions by 30% since 1990 The head of Canada’s oil and gas lobby group says Canadian oil will find new paths to markets, pursuing all forms of energy transportation to markets in all directions, despite U.S. President Barack Obama’s political decision to deny the Keystone XL permit. “While President
Keystone XL: Canadian oil will find new paths to American markets Read More »
Kinder Morgan’s Texas Intrastate system will provide transportation, storage, gas supply to support Mexican operations HOUSTON – Kinder Morgan and TrailStone Group are creating a Mexican natural gas marketing company that will be sourced and supported by Texas producers and infrastructure, the companies announced Sunday. A subsidiary of Kinder Morgan, Inc. says it has signed a joint venture
Kinder Morgan, TrailStone form Mexican natural gas marketing company Read More »
Marathon Oil Corporation reported Q3 2015 adjusted net loss of $138 million ($0.20 per diluted share) Marathon Oil Corporation announced it has signed an agreement for the sale of its operated producing properties in the greater Ewing Bank area and non-operated producing interests in the Petronius and Neptune fields in the Gulf of Mexico for $205 million.
Cash-strapped Marathon Oil sells Gulf of Mexico assets Read More »
Quest will capture one-third of emissions from Shell’s Scotford Upgrader, which turns oil sands bitumen into synthetic crude Shell is celebrating the official opening of the $1.35 bilion Quest carbon capture and storage (CCS) project in Alberta, Canada, and the start of commercial operations there. Quest is designed to capture and safely store more than one
Shell $1.35 billion Quest carbon capture and storage facility officially opens Read More »
US Department of Defense intends to use JP-8 jet biofuels in military vehicles and jet aircraft A new type of renewable diesel fuel is meeting the growing demand for renewable biofuels, which is driven by biofuel mandates and customer demands for higher quality, according to the US Energy Information Administration. Unlike other biofuels, hydroprocessed esters
New biofuels eliminate need for blending with petroleum fuels Read More »
US propane exports to Mexico, Caribbean, South America, doubled 2010 to 2013 from 88,000 b/d to 198,000 b/d As U.S. propane production has increased and domestic demand has remained relatively flat, the United States has transitioned from being a net propane importer to a net exporter, according to the US Energy Information Administration. Facilitated by rapid
US propane exports increasing, reaching more distant markets Read More »
During 2015, natural gas production remained several Bcf/d above year-ago levels Working natural gas in storage reached 3,929 billion cubic feet (Bcf) as of Oct. 30, according to the US Energy Information Administration. This level matches the previous weekly record of 3,929 Bcf set Nov. 2, 2012. Although Oct. marks the traditional end of the
Natural gas in storage matches record level Read More »
