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Monthly Archives: November 2014


According to the U.S. Energy Information Administration, the production of natural gas liquids from the Utica and Marcellus Shales is anticipated to exceed 650,000 barrels per day by year 2016. Numerous projections for wet gas production are astounding, especially in West Virginia and Ohio. The anticipated amount of oil and gas reserves in the Utica and Marcellus Shales could set new precedents for production records, but the massive growth is not only good news for energy enterprises. It is phenomenal news for midstream businesses and local communities. A Race to Take Advantage of the Shale Boom Various enterprises are quickly building new infrastructure to keep up with production, but permanent infrastructure cannot currently meet all needs. Midstream businesses have numerous opportunities to thrive when providing services for transportation and services for permanent infrastructure. There are some new players in the industry, which are mostly in the midstream sector. Rising concern
http://www.shaledirectories.com/blog/sustainable-domestic-products-bring-funds-rural-areas/

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The recent election has some interesting results. • In Ohio, every town that had a fracking ban on the ballot voted it down.• The voters in Denton, Texas voted to ban fracking in the city limits.  The lawsuits have already been filed to fight the ban.• PA elected a governor who wants to have a severance tax on the oil and gas companies, but they also elected more republicans into the state assembly and senate.  We’ll have to see if the severance tax is passed and how high it is.  If it’s high, will rigs start moving to OH and WV? The Republican victories should bode well for the oil and gas industry.  Here are some of the questions that may get answered: • Will the Keystone Pipeline get approved?  • Will the EPA’s attack on coal be blunted?  • Will there be drilling on federal land? • Will there be more offshore drilling?  • Will U.S. oil companies be able to sell oil overseas? • Will the government expedite the approval to ship LNG overseas?•
http://www.shaledirectories.com/blog/politics-fracking/


• U.S. companies in shale fields from North Dakota to Texas are talking tough in the face of Saudi Arabia s price war, believing they have more staying power than many of the OPEC partners.• “Saudi Arabia is really taking a big gamble. If they take the price down to $60-$70, you will see a slowdown in the U.S. but you’re not going to see it stop. The consequences for other OPEC countries are far more dire, says Chesapeake Energy chairman Archie Dunham.• Execs at several large U.S. shale producers, including CHK, EOG Resources, and Whiting Petroleum said as they reported earnings that they plan to maintain and even raise production.• Shale producers cite success in reducing costs as proof they can still be profitable at prices below $70/bbl; CHK says well costs at its two largest production areas Pennsylvania’s Marcellus Shale and Texas Eagle Ford fell 11% and 13% respectively Y/Y during the first seven months of this year.• But not all shale is alike: Bakken and P
http://www.shaledirectories.com/blog/latest-comments-oil-price-war-saudis/


Shell Chemicals is planning a pair of public meetings to discuss its proposed ethane cracker plant for western Pennsylvania. The Shell cracker continues to move forward, but is still delaying a final decision. Besides the Shell cracker plant, three other cracker plants are in various stages of development. Braskem’s cracker project in Parkersburg, West Virginia, along with Appalachian’s Resins plant in Salem Township, Monroe County, OH have identified sites and are in the planning phases. Bangkok-based PTT Global Chemical and Tokyo-based Marubeni Corp are evaluating three sites for their cracker plants. Shell’s two identical meetings will be held Thursday, November 13th at the Lincoln Park Performing Arts Center in Midland, Beaver County. Both will last approximately two hours. The first one will begin at 11am; the second begins at 5:30pm. In an email to residents, Shell describes the meetings as, “a brief overview of the proposed project, a short presentation on the topics, a
http://www.shaledirectories.com/blog/shell-schedules-local-meetings-proposed-ethane-cracker/