Sentences with phrase «shale fields»

Close to Canada, North Dakota has a booming economy due to the Bakken oil shale fields located in the western half of the state.

Conditions may be different there than in the shale fields in the States, but they are using the same technology.

Saudi Basic, the Middle East's dominant chemical maker, said on Saturday that it wants to build a Houston headquarters for its Western Hemisphere operations as the company capitalizes on the surge in cheap natural gas supplies from North American shale fields.

The problem is not only about the cheap oil and gas made possible by fracking in America's shale fields, and particularly in Texas.

The North America oil industry is experiencing explosive growth, with transport of volatile crude oil on rail from Bakken shale fields of Montana and North Dakota increasing more than 2000 percent in just four recent years.

BloombergBusiness — The U.S. has taken Russia's crown as the biggest oil and natural - gas producer in a demonstration of the seismic shifts in the world energy landscape emanating from America's shale fields.

While affordable energy from American shale fields has weakened Russia's dominion over energy markets in Europe, the region still faces obstacles.

But the biggest factor making any shift possible is the abundance and affordability of natural gas coming from the country's shale fields.

Public health experts who work on the «shale fields» among impacted citizens have been ringing alarm bells: «I don't know if I have ever seen a problem as widespread as this with as little information collected about it, and as relaxed an attitude in terms of the sense of urgency, in the sense of responsibility on the part of the state and federal governments, and for that matter, the drilling industry,» cautioned a seasoned public health toxicologist David Brown from Southwest Environmental Health Project in my interview for Gas Rush Stories.

In case you missed it, the oil was being carried from America's new oil patch, the Bakken shale fields of North Dakota, to a St. John, New Brunswick, refinery that, according to the owner, Irving Energy, sends more than half of its 300,000 daily barrels of petroleum products back across the border to the northeastern United States.

Well over a decade ago Boardwalk started planning a pipeline system that would flow gas from the shale fields in the middle and southern part of the country to Southern Texas and Louisiana.

When they planned the pipelines that are being recontracted over a decade there was no way to know that more productive shale fields would be discovered.

Increased output from elsewhere in the Middle East, as well as resilient supply from US shale fields and production successes in Russia and the Gulf of Mexico, all compounded the supply glut and prolonged rebalancing in 2015.

The higher supply has come largely from US and Canadian shale fields as well as the 2014 Saudis» decision to maintain production levels.

In North America's most active shale fields, the drilling and hydraulic fracturing of new wells is directly placing older adjacent wells at risk of suffering a premature decline in oil and gas production.

While we believe that current energy market fundamentals justify an oil price of $ 50 or above, we also note that productivity gains in US shale fields have increased the elasticity of supply from these critical swing producers, a factor that could cap any significant price appreciation.

But in early March figures revealed that a resurgence in production in US shale fields had increased US crude inventories to record levels, which pushed a leading benchmark for oil prices below US$ 50 per barrel for the first time this year.

While the market benchmark remains West Texas Intermediate crude delivered in Cushing, Oklahoma, there has been a surge in trading of futures contracts tracking the price differences between WTI and oil sold in Gulf Coast ports like Houston and the Permian shale fields near Midland, Texas.

Marathon Petroleum Corp agreed to buy rival Andeavor for more than $ 23 billion in a deal creating one of the largest global refiners that will benefit from access to booming U.S. shale fields and growing U.S. fuel export markets.

Devon, which operates in several large U.S. shale fields, also said last month that it would buy back $ 1 billion of its stock and raise its quarterly dividend by 33 percent after posting lower - than - expected quarterly earnings.

The pipelines are expected to boost output from shale fields in the three states by giving producers access to new domestic and international markets.

Calpine's deal comes at a time when the U.S. wholesale power generation industry is struggling with margin pressure as cheap natural gas from shale fields in recent years has been driving down electricity prices.

Advances in horizontal drilling and hydraulic fracturing over the past 20 years led to a U.S. energy boom in «unconventionals,» a category that includes the shale gas and «tight» oil found in shale fields like the Cretaceous Eagle Ford and Mowry and older ones like the Barnett and Bakken.

China is becoming a key market for global oil exporters as surging output from shale fields from Texas to North Dakota allows the U.S., the biggest crude consumer, to rely less on overseas supplies.

The sale would come as the offshore sector continues to struggle with low oil prices, and oil exploration and production companies focus investments on lower cost shale fields onshore, particularly the Permian Basin in West Texas.

Under his leadership, EOG Resources developed a reputation as an innovator in drilling processes and technology in that nation's premier shale fields.

Protesters have been buoyed by the recent success of Native American groups and environmentalists in their campaign against construction of the 1,100 - mile (1,770 - km) Dakota Access pipeline, a project spearheaded by Energy Transfer Partners (etp) that would carry oil from North Dakota's Bakken shale fields into Texas.

This conviction was based on a couple of assumptions: First, that the cost of adding new production, in U.S. shale fields and elsewhere, was somewhere around $ 75 to $ 80 per barrel.

While small, Alerian has a significant role in promoting infrastructure investments, especially in U.S. shale fields, through its indexes and data on energy investments.

The Malaysian firm's total investment of $ 36 billion covers the LNG plant, shale fields in northeastern B.C. and a pipeline to connect the two.

The firm had taken a bearish view on Exxon due to challenges in its European natural gas operations, «lackluster» growth in oil and gas production, a pricey acquisition in U.S. shale fields and the lack of share buybacks.

Where does that leave other offshore companies, notably Korea Gas Co., Mitsubishi and Petronas, that have invested lesser but still impressive sums in B.C.'s shale fields, almost certainly for the purpose of eventually importing LNG back across the Pacific?

Hope for exporting Canada's surplus production, especially from the mammoth shale fields in northeastern B.C., now rests on the construction of terminals on the B.C. coast to liquefy the gas and ship it to Asia, where prices are currently six times higher than they are here.

It encompasses aging projects in the North Sea, factory - like shale fields from Texas to Pennsylvania, and, oh, by the way, 43,000 gas stations ringing the planet — a larger retail network than that of either McDonald's (mcd) or Starbucks (sbux) x.

Shell has bought the site and has 10 supply contracts in place lasting up to 20 years, including from fracking companies extracting shale gas in the Marcellus shale field.

I would probably pick a home near west Texas where they found the Wolcamp shale field near Midland Texas.

Not exact matches

The LNG Canada and Kitimat LNG projects, as well as a fourth plant proposed for the northern B.C. coast by Malaysian state energy company Petronas and Calgary - based Progress Energy, will likely have to wait for new pipelines to be built directly from the shale gas fields of northeastern B.C. Kitimat LNG's owners are separately developing the Pacific Trails pipeline to their terminal.

«You're starting to see rig counts go down in the U.S.; you're seeing capital expenditure budgets slashed in the oilsands and the shale oil fields in the U.S..

Refiners in the U.S. Midwest, Ontario, Alberta, B. and Washington get their raw material from the Western Sedimentary Basin, production from which is growing thanks to the Alberta oilsands, the Bakken field in Saskatchewan and North Dakota and oil shales in the Rocky Mountain states.

Last month, Oslo - based Rystad Energy shared a report that shows the U.S. as now having the world's largest reserve of recoverable oil, with 264 billion barrels in existing fields, unconventional shale and as - yet undiscovered areas.

One portion of the giant field, known as the Wolfcamp formation, was found to hold 20 billion barrels of oil trapped in four layers of shale beneath the desert in West Texas, the U.S. Geological Survey said in a report on Tuesday.

Specifically, lower oil prices have resulted in marginally less activity at some of the domestic shale oil fields.

A new report from Wood Mackenzie predicts that the Permian Basin, the hottest shale play on the planet, will bump up against some constraints as the field has become too crowded.

After becoming CEO in 2006, Tillerson led Exxon through more than a decade of ups and downs that included the late Hugo Chavez's seizure of Venezuelan oil fields, annual profits that set U.S. corporate records, and a 2010 shale acquisition that turned into a $ 35 billion wrong - way bet on natural gas.

But ultimately oil fields decline, and we're going to need all sources of supply, including the shales, but also deepwater and other sources around the world».

Another is Harold Hamm, owner of Continental Resources, who opened up the Bakken shale oil fields and supports Republicans.

China will add almost 700 new shale gas wells by 2020 at three large fields, two of them operated by PetroChina and one by Sinopec, all in northwestern China.

«Produced water from shale gas fields in Texas is rich in lithium.

Nutrient - rich ash from an enormous flare - up of volcanic eruptions toward the end of the dinosaurs» reign kicked off a chain of events that led to the formation of shale gas and oil fields from Texas to Montana.

The shale, named for the town of Eagle Ford, TX, is a geologic remnant of the ancient ocean that covered present day Texas millions of years ago, when the remains of sea life (especially ancient plankton) died and deposited onto the seafloor, were buried by several hundred feet of sediment, eventually turning into the rich source of hydrocarbons we have today.The shale was first tapped in 2008 and now has around 20 active fields good producing over 900 million cubic feet per day of natural gas.