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BENTEK reports that the Rockies gas supply is increasingly being displaced from the Northeast demand market as capacity expansions have allowed growing local supply from the Marcellus shale to serve a greater share of local demand. This has reduced the price spreads necessary to attract Rockies gas and significantly reduced utilization of the REX Pipeline.

Lucas Energy, Inc., an independent oil and gas company, has closed a purchase and sale transaction with Hall Phoenix Energy, LLC for all of Hall Phoenix's right, title and interest in certain oil, gas, and mineral leases in the Eagle Ford/Eaglebine/Austin Chalk Trend. The properties are located in Wilson, Leon and Madison counties in Texas.

U.S. oil and gas exploration and production have a primary goal of increased fuel supplies. But they have an additional benefit almost as good as the first – job creation and increased economic growth in the area. The new and increased liquids and gas production coming from the development of shale reservoirs have not only been a boon in energy resources but have immensely helped the economy in job growth and economic benefits to regions, including business and government.

Located In the heart of Russia, the rich Samotlor hydrocarbon field was discovered in the 1960s. It is the largest oil and gas field in the country. It lies in Western Siberia where temperatures can range from minus 58°F in winter to 95°F in summer.

Your geologists found natural gas hiding thousands of feet underground. Your legal team negotiated rights of way with landowners. Your drilling team went down a mile or so, made a horizontal turn and “fracked” the shale bed, releasing the gas. Your well is producing. So now what?

Anyone working with SCADA or industrial control systems (ICS) in the oil and gas industry is aware of the pressure to increase productivity and reduce costs through network integration. For example, sharing real-time data from field operations with management is standard practice for most companies. Similarly, the demand for remote support has made many pipeline control systems accessible via Internet-based technologies.

There’s an intriguing story in Philadelphia that offers insight into whether cities should own utilities.

Recently announced plans to idle more than half of the regional refining capacity in the Northeast are likely to affect supplies of petroleum products in the region.

Pipeline Research Council International, Inc. (PRCI), said its 2012 Research Program will pay particular attention to corrosion-related issues as well as nearly aspect of pipeline and facilities operations. These will include:

Western Gas Partners, LP will buy the Red Desert Complex and related assets, primarily in the greater Green River Basin of southwestern Wyoming, from Anadarko Petroleum Corp. for $483 million.

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