Category: Natural gas

How the Energy Revolution is Supporting Texas-Sized Economic Growth

America is in the midst of an energy boom. We all know this. We also know the positive impact it has had on our nation’s balance sheet. The U.S. is now set to surpass Russia and Saudi Arabia in crude production, and it has already passed the former as the world’s largest producer of natural […]  More »

Government lags in measuring gush of U.S. crude

The federal Energy Information Administration relies on state agencies for data about oil production, sometimes two years late. For natural gas, the EIA is collecting data from an outdated survey of producers in five states that was designed before technological advancements opened up new plays across the country.  More »

Tesoro Logistics buying QEP’s gas processing business

Tesoro Logistics LP agreed to buy QEP Resources natural-gas gathering and processing business for $2.5 billion in cash to expand in the Rocky Mountain region and North Dakota.  More »

Construction authorized at Freeport LNG

WASHINGTON — Federal regulators on Friday cleared the way for construction at a planned natural gas exporting facility at Quintana Island, Texas. The Federal Energy Regulatory Commission authorized Freeport LNG to start initial site preparation and begin building liquefaction and pre-treating facilities at its planned export terminal. But the agency told Freeport LNG it cannot […]  More »

In search of safety, utilities bring in experts: each other

The American Gas Association is taking a page from the nuclear and airline industries in a new push to make pipelines and utilities safer.  More »

Eagle Ford expected to hit 1.6 million barrels next month

The Eagle Ford Shale is expected to make 1.61 million barrels of oil per day in November, up 42 percent from the year before, according to a new government report. The field is making around 1.58 million barrels of oil daily this month, according to the U.S. Energy Information Administration.  More »

Southwestern Energy cuts $5.4 billion deal for Chesapeake gas land

Houston’s Southwestern Energy Co. is planning to drop $5.4 billion on gas-rich land in West Virginia and Pennsylvania in one of the biggest recent deals for acreage in a region buffeted by pressure on gas prices.  More »

Kinder Morgan partnership reports rise in profit, distributable cash

The nation’s largest pipeline company Kinder Morgan Energy Partners reported higher profits in the third quarter, as gas and natural gas liquids continued to flow in increasing amounts from shale plays across the country.  More »

Brent, West Texas crude keep dropping

Brent crude extended its biggest one-day collapse in three years amid speculation OPEC will refrain from eliminating a glut.  More »

Study: Natural gas surge won’t slow global warming

Cheap and plentiful natural gas isn’t quite a bridge to a brighter energy future as claimed and won’t slow global warming, a new study projects.  More »

Crude oil falls deeper into bear territory

West Texas oil for November delivery dropped $3.90 to $81.84 a barrel on the New York Mercantile Exchange, the lowest settlement since June 28, 2012.  More »

Israel sees gas as key to transforming Mideast relations

After this summer’s war in Gaza battered Israel’s international reputation, the country’s leaders say they have a new foreign policy tool to build relations with its neighbors: natural gas.  More »

Statoil announces Tanzania gas discovery

The Norwegian energy company has had a presence in Tanzania since 2007.  More »

N.D. governor: State responding to natural gas flaring problem

About one-third of the natural gas produced in North Dakota is burned off due to a lack of infrastructure  More »

Brent crude at a nearly 4-year low

West Texas intermediate crude dropped 8 cents to $85.74 a barrel on the New York Mercantile Exchange.  More »