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Companies Collaborate to Reduce Flaring
“Rigzone” reports that Trident Resources, LLC and Harrison Truck Centers are joining forces to reduce the flaring of natural gas in the Bakken shale area. At the same time the project will lower fuel costs and diesel emissions for truckers. This novel approach involves the installation of small gas processing units at remote locations to… Read More
U. S. Oil and Gas Reserves Increase
It seems that all the recent news on the energy front has been bad, given the dramatic freefall of crude oil prices. However, an article in “Rigzone” conveys some good news from the U. S. Energy Information Administration’s (EIA’s) reserve report. During 2013 domestic oil reserves increased 9.3% to 36.5 billion barrels, and gas 9.7%… Read More
Exxon CEO Predicts Shale Shakeout
Exxon CEO, Rex Tillerson, stated in an interview with CNBC that a “sorting out” of shale operators will be the result of recent crude price declines. However, he said that Exxon is a big investor in shale in the U. S. and is increasing its exposure. He feels confident in the future of shale and… Read More
Investment in Oil and Gas Technology
“Rigzone” cites a study by Lux Research which found that from 2003 to 2013, investment in oil and gas technology has focused on unconventional, deepwater, tight and heavy oil resources. During this period, $7 billion has been invested in new technologies, primarily involving drilling and completions in unconventional plays. However, the focus seems to be… Read More
Pennsylvania Benefits from Oil & Gas Production
Citing an article in the “Pennsylvania Business Daily”, “Rigzone” reports that drilling, fracking and the consequent oil and gas production has resulted in jobs and funding for infrastructure in the state. While there is still some opposition, residents are becoming more receptive to drilling and completion activities. This acceptance is a relatively recent development according… Read More
