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Total to Sell Interest in Utica Shale Gas Transport
“Rigzone” reports that French oil major, Total, will sell its 25% stake in Cardinal Gas Services, a pipeline transporting Utica shale gas in Ohio. A consortium of South Korean entities will pay $450 million for the interest, and Cardinal will continue to provide gas gathering and transportation services to Total. The French company will retain… Read More
Significant Upside Potential for Enhanced Oil Recovery
“Rigzone” reports that consulting group Wood Mackenzie predicts that enhanced oil recovery (EOR) advances could add an additional 1.5-3 million barrels per day by 2030, an increase of 25%, according to their latest analysis. While this technology is not commercially available today, it is currently being tested by operators like EOG in the Eagle Ford… Read More
Can the U. S. Shale Revolution be Replicated?
According to Morgan Stanley Research, the answer is “Possible, but not likely”. In their Commodities Fall Symposium, the investment firm concedes there are many shale deposits around the world, but a repeat of what we have seen in the U. S. is improbable, especially in this decade. Geology, human capital, infrastructure, drilling expertise and industry… Read More
Proved Reserves: How Effective a Yardstick?
The July/August issue of A Shot of Texas Magazine has an excellent piece by renowned energy expert Daniel Yergin, “How Much Oil Is Really Down There?”. The article deals with calculating oil and gas reserves, and is summarized below. In response to the Arab Oil Embargo of 1973, the U. S. Congress instructed the Securities… Read More
Is it Time to Repeal Crude Export Ban?
The answer is a resounding “Yes” if you ask Lisa Murkowski of Alaska. As the senior Republican on the Senate Energy Committee, Murkowski is working to build support for repeal of the crude export ban which was passed in response to the Arab Oil Embargo in the 1970’s. However, she realizes that neither party is… Read More
