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Delays Continue for Keystone XL Pipeline
TransCanada Corp. proposed the Keystone XL Pipeline which would carry oil from Western Canada’s oil sands area to U. S. Gulf Coast refineries. The project would traverse some 1,700 miles and original cost estimates were $5.4 billion. Since the pipeline would cross an international border, the project required approval by the U. S. State Department. … Read More
Shale Boosts U. S. Production
The U. S. Energy Information Administration (EIA) has increased its forecast for domestic oil production to 9.53 million barrels per day (bpd) for 2015 according to a recent article in “Rigzone”. If realized, this would mean a 1 million bpd increase over 2014 levels. By year end 2015 the U. S. could be producing 10… Read More
Shell’s Utica Success in Pennsylvania
“Rigzone” recently reported that Shell has announced two natural gas discovery wells in the Utica shale in Tioga County, Pennsylvania. The Neal and Gee wells extend the sweet spot of the Utica play beyond Southeast Ohio and Western Pennsylvania, into an area in which Shell holds approximately 430,000 acres. The Gee and Neal wells were… Read More
Dominion Group Signs Pipeline Deal
Dominion Resources will form a joint venture with its partners to build a $5 billion pipeline. The Partnership will be called Atlantic Coast Pipeline, LLC, and will be owned by Dominion (45%), Duke Energy Corp. (40%), Piedmont Natural Gas Co. (10%) and AGL Resources Inc. (5%). The partnership is proposing a 550 mile pipeline to… Read More
Continued Growth Predicted for U. S. Shale Plays
According to “Rigzone”, the “Well IQ Market Outlook” (published by PacWest Consulting Partners) foresees robust activity for drilling and completion contractors into 2016. Of the basins with significant horizontal drilling activity, major growth is predicted for the Permian in West Texas (22%), and the DJ Basin in Colorado and Wyoming (19%). The Anadarko Woodford/SCOOP (South… Read More
