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Kinder Morgan to Restructure
“Rigzone” reported yesterday that Kinder Morgan, Inc. plans to consolidate its Master Limited Partnerships (MLP’s) with Kinder Morgan Management, LLC, into a single C-corporation. The MLP’s, Kinder Morgan Energy Partners and El Paso Pipeline Partners LP, and the Management Company operate or own an interest in 80,000 miles of pipelines. The new combined entity will… Read More
ONEOK Commits to Reducing Flaring in the Bakken
The Bakken shale is one of the great domestic oil and gas success stories. Since the discovery of the Parshall Field in the play in 2007, the Bakken now produces more than 1 million barrels of oil per day. This dramatic increase in oil production propelled North Dakota to the number two oil producer in… Read More
North Dakota’s Bakken Shale Sets New Record
“Rigzone” reports that crude production from the Bakken shale set a new record of over 1 million barrels of oil per day (bopd) in April and May. Improved technology, a better understanding of the geology, higher crude prices and new wells all contributed toward achieving this milestone according to the U. S. Energy Information Administration.… Read More
Unconventional Oil and Gas Key to Production Increase in Lower 48
“Rigzone” cites a study by the consulting firm Wood Mackenzie which projects tight oil production in the lower 48 states rising to 6 million barrels of oil per day (bopd) by 2020, primarily from the Bakken, Eagle Ford and Wolfcamp plays. This would be approximately 2/3 of total forecast domestic production of 9 million bopd.… Read More
Marcellus Shale a Boon to Pennsylvania Workers
“Rigzone” reports that a new Marcellus Shale Coalition report confirms what serious industry observers have always known: shale development means jobs. At year-end 2013 unemployment in Pennsylvania was the lowest it has been since 2008. With plans to hire 2,000 new workers in 2014, unemployment will likely drop further. Most hiring is anticipated in the… Read More
