New study examines break even costs for Bakken shale wells in 12 counties A new report from London-based GlobalData says the “sweet spots” of Bakken shale production are still profitable at $60 oil. Not all Bakken wells are created equal, according to Jonathan Lacouture, GlobalData’s Upstream Analyst covering Onshore Americas. “While well productivity and cost efficiency […]
Bakken shale production in some counties viable at $60 Read More »
Plains All American subsidiaries reported at least 223 accidents, spilled a combined 864,300 gallons of hazardous liquids since 2006 The Plains All American pipeline that leaked thousands of gallons of oil on the California coast was the only pipe of its kind in the county not required to have an automatic shut-off valve because of a
Plains All American Pipeline had no auto shutoff valve Read More »
Oil by rail regs too strict for industry, not strict enough for environmentalists New federal regulations governing oil by rail trains are coming under fire from both industry and environmentalists, with lawsuits recently launched by both sides. On May 12, the American Petroleum Institute petitioned the U.S. Circuit Court of Appeals in Washington, D.C., would
New oil by rail regulations: Lawsuits from industry, eco-activists Read More »
USA can easily reduce emissions by phasing out coal, Canada has cold climate, generates 59% of power with hydro Stephen Harper’s government has long made a show of not “going along to get along” when it comes to foreign relations. How very curious, then, that the Conservatives should have done just that when it comes
Canadian climate change targets not taken seriously by anyone Read More »
Why are US energy giants refusing to join forces with European companies? Shale natural gas is the natural replacement for coal The European super-major energy companies are finally waking up to the threat climate change poses to their businesses, but their American counterparts are still snoozing, seemingly oblivious. A report by Bloomberg says the Euro giants are
Ditch coal for natural gas? American oil co.s need to join global discussion Read More »
130 car frac sand unit train one of largest ever for Eagle Ford Activity is slowly returning to the Eagle Ford as oil prices flirt with $60 and production slowly begins to rise. In South Texas, Eagle Ford basin crude oil production averaged 1.6 million barrels in March, up 344,000 incremental barrels per day (b/d)
Eagle Ford shale activity showing signs of life Read More »
Crude oil prices have fallen almost $45/bbl since last year, giving Memorial Day motorists a break at the pumps Memorial Day drivers will be enjoying the lowest gasoline prices since 2009 and the American energy industry says consumers can thank fracking and the shale oil revolution. On May 18, the U.S. average retail price for gasoline
Memorial Day gas prices a buck lower than last year Read More »
Oklahoma shaken by big increase in earthquakes linked to waste water disposal wells since 2011 Oklahoma is set to join Texas in banning local fracking bans, as its Senate voted voted 33-13 on Thursday for the measure, which also prohibits local bans on wastewater disposal. The bill is headed to Gov. Mary Fallin for a signature as
Oklahoma follows Texas by banning local fracking bans Read More »
Encana says Texas shale oil assets performing better than when they were purchased The drastic drop in crude prices has not soured Encana Corp. on a pair of multibillion-dollar purchases it made last year to gain a foothold in Texas shale oil, CEO Doug Suttles toldshareholders last week. At Encana’s annual general meeting, investors questioned
Encana gungho for Texas shale oil Read More »
Jeb Bush says he would visit Canada within 100 days of taking office That neighbour to the north is Canada, America’s closest ally, largest trading partner, and supplier of 30 per cent of American energy. Finally, someone is paying attention to Barack Obama’s neglect of – and sometimes abrasive attitude toward – Canada. Since 2008,
Jeb Bush calls out Barack Obama for ‘insulting our neighbour to the north’ Read More »
