shale

Increased natural gas utilization, and to a lesser extent oil development, is being hampered by a lack of market liquidity and spot pricing for the commodities both domestically and abroad. Roadblocks include insufficient pipeline connectivity in North America and into Europe, a dramatic lack of international energy infrastructure in Asia, and the regulatory and environmental delays that prevent the necessary investments from going forward.

At APPEA 2013, Wood Mackenzie's head of Australia Upstream Consulting, Andrew McManus, warned Australia faces a hiatus in LNG projects as the focus of buyers has turned to the U.S., where he said customers can find potentially lower-cost, more flexible LNG and the opportunity to diversify supply portfolios.

“I think there is lots of opportunity. It is whether or not the economics can line up with the technology to get it out of the ground.” – oil executive in Bakersfield

Between federal numbers crunchers, and a university and think tank-based report that surfaced earlier this year, California’s venerable Monterey Shale is stirring renewed dreams of California gold – black gold in the form of heavy crude.

NGL Pipeline, L.P., an affiliate of Crosstex Energy companies, held a binding open season for volume commitments for interstate common carrier transportation service on the proposed Crosstex NGL Pipeline that will transport unfractionated NGLs produced in the Permian Basin, Barnett Shale, Eagle Ford Shale and other areas from the Mont Belvieu area to NGL fractionation facilities in Acadia and Ascension parishes, LA for one year and to NGL fractionation facilities in Acadia and Iberville parishes thereafter.

Crestwood Midstream Partners LP, Crestwood Holdings LLC and Inergy LP, Inergy Midstream LP have signed definitive agreements to create a fully integrated midstream partnership valued at $7 billion.

Koch Pipeline Company, L.P. has announced that it will conduct Phase I of an open season for the Dakota Express Pipeline, a proposed pipeline to transport Bakken crude oil from western North Dakota to Hartford, IL and Patoka, IL.

While the federal Energy Information Administration (EIA) may have first logged shale gas development and production as far back as the mid-1990s, it has only been in recent years that shale plays have become universally recognized as a game-changer for the energy industry.

The United States Geological Survey (USGS) has released an updated oil and gas resource assessment for the Bakken Formation and a new assessment for the Three Forks Formation in North Dakota, South Dakota and Montana, showing the formations contain an estimated mean of 7.4 Bbbl of undiscovered, technically recoverable oil.

Atlas Energy LP’s midstream subsidiary, Atlas Pipeline Partners (APL) LP, has a definitive agreement to acquire 100% of the equity interests of TEAK Midstream LLC for $1 billion.

Dakota Plains Holdings Inc. and joint venture partner, Petroleum Transport Solutions LLC, an indirect wholly owned subsidiary of World Fuel Services Corp., report construction is underway for the Pioneer Project.

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