Guest Commentary: Technology leads to abundant energy
Annell R. Bay, vice president of global exploration for Marathon Oil Corp., calls on the industry to commit to safe operations and to support math and science education, in order to optimize the modern U.S. energy revolution. More »
Shale boom skews oil prices, triggers midstream growth
The steady growth in oil production from U.S. shale fields has triggered midstream development and offers advantages for refiners that can use cheaper domestic crude oil. More »
Feds double Bakken, Three Forks resource estimate
A new government assessment of the Bakken and Three Forks formations found that they contain an estimated mean of 7.4 billion barrels of undiscovered, technically recoverable oil, twice as high as previous estimates. More »
CenterPoint to move XTO’s crude in Bakken
CenterPoint Energy’s effort to grow its oil pipeline business got a major boost Tuesday, as it said it had signed a long-term agreement with Exxon Mobil Corp’s XTO Energy subsidiary to move hydrocarbons produced in North Dakota. More »
Refineries expanded, but not constructed
It’s a frequently repeated factoid about the energy industry: No new major refinery has been built in this country in decades. But several small refineries have opened and significant capacity has been added at the nation’s refineries. More »
More price volatility ahead for Canadian crude
Even with new rail and pipelines to move growing crude supplies, export capacity for Canadian crude will compete with North Dakota supplies, keeping prices volatile, according to a new report from Wood Mackenzie. More »
Prostitution rise in Bakken Shale prompts legislation
Montana lawmakers are looking at ways to prevent and punish human trafficking in response to reports of increased prostitution in eastern Montana communities teeming with people who have come to find work in the Bakken oil boom. More »
U.S. oil production to surpass imports in 2013
The number of barrels pumped in the United States is expected to exceed the nation’s net oil imports, for the first time since 1995, according to federal projections. More »
Phillips 66 signs deals to use more U.S. shale crude
Kicking its strategy of using cheaper crude oil from U.S. shale plays into high gear, Phillips 66 has signed deals with three midstream companies to bring as much as 130,000 barrels a day of North American crude oil to its refineries. More »
Shedding refineries could hurt ConocoPhillips, some analysts say
While the company focuses on growing U.S crude production, ConocoPhillips’ decision to split from its refineries could come back to haunt it, some analysts are saying. More »
West Texas shale could dwarf Eagle Ford
Texas is awash in oil and gas, with rigs proliferating from the Permian Basin to the Haynesville Shale. Now, another shale play in West Texas is causing a stir, with early estimates of recoverable reserves at 30 billion barrels of oil. More »
Oil boom makes employers landlords in North Dakota
Booming oil production means unemployment in Williams County, N.D. is the lowest in the nation, less than 1 percent. Halliburton Co. has built 50 single-family homes in the county seat over the last two years and is completing 44 townhouses and two apartment buildings. More »
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