shale

Chevron was forced to suspend exploration for shale gas in northeastern Romania after hundreds of anti-fracking protesters tore down fences.

ONEOK Partners, L.P. will invest as much as $780 million between now and the second quarter 2016 to build a 200 MMcf/d natural gas processing facility – the Lonesome Creek plant – and related infrastructure in McKenzie County, ND in the Bakken Shale in the Williston Basin; and complete a second expansion of the Bakken NGL Pipeline, which will increase the pipeline's capacity to 160,000 bpd from 135,000 bpd.

With the continued lack of resolution to the Keystone XL approval question, the swift change in U.S. fossil energy production rates, and the boom in unconventional sources of energy, the last few years have changed long-standing patterns of energy trade between the United States and Canada. The issues are momentous in their own right, but the U.S.-Canadian relationship is more than special: it forms the world’s largest bilateral energy market. U.S. Energy Information Administration figures account for 3 million barrels of oil and petroleum products and 11 Tcf/d of natural gas crossing the border in 2011. The U.S. Embassy in Ottawa estimates that it is a $100 billion annual partnership.

President Enrique Peña Nieto's promised energy reform amendment to Mexico's constitution passed Congress Dec. 12, paving the way for state governments to ratify the amendment and new rules for the country's energy production and transportation to be written in the 120 days following.

Fracking in the Marcellus Shale has markedly increased the supply of natural gas produced in the Appalachian Basin, which is typically of higher quality than gas produced from the Gulf. This increased supply has resulted in a shift in the historical pattern of gas flow.

Pipeline & Gas Journal’s 33rd Annual 500 Report offers the industry’s most comprehensive statistical review of U.S. energy pipeline systems. As in past years, the report ranks the nation’s top gas distribution, liquids and gas transmission systems. Transmission companies are ranked by mileage, while the rank of each liquids pipeline company is based on yearly crude deliveries. The gas distribution rankings are based on number of customers.

In today’s fast-paced business world, there is a certain class of individuals who seem capable of running nearly any type of company. They combine academic prowess, problem-solving and people skills to a level few others achieve. Whether that unique skill set is recognized is often another question.

Kinder Morgan is the largest midstream and the third-largest energy company (based on combined enterprise value) in North America. Kinder Morgan owns an interest in or operates approximately 80,000 miles of pipelines and 180 terminals. The company’s pipelines transport primarily natural gas, refined petroleum products, CO-2 and crude oil and its terminals store, transfer and handle such products as gasoline, ethanol, coal, petroleum coke and steel. Combined, Kinder Morgan has an enterprise value of approximately $110 billion.

Recently the Center for Climate and Energy Solutions (“C2ES”) released a comprehensive report entitled “Leveraging Natural Gas To Reduce Greenhouse Gas Emissions” that lays out in a thoughtful manner the promising future of natural gas. Its timeliness, coming as the shale revolution continues to build in the United States and which President Obama made a centerpiece of his Climate Action Plan (CAP), make this document essential reading.

Outside the U.S., the lack of a large-scale pipeline network and related infrastructure makes getting oil and gas to market difficult, and sometimes cost-prohibitive. A recent McKinsey & Company report estimates it will take up to $1.4 trillion in infrastructure investment to complete the necessary pipelines, rail networks, and drilling and gathering infrastructure necessary to fully capture the potential of the shale revolution in the U.S. The investment required to take advantage of a global shale revolution will certainly be even greater.

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